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Upgraded Banning Home/Business Opportunity

402 E Ramsey, Banning, CA 92220

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For Sale

$469,900

Upgraded home or business near Banning Downtown Court House.

Type:Commercial

Property size:

1,505 SF

Price / SF:

$312/SF

HighLights

Upgraded home suitable for residential or commercial use (buyer to verify commercial use with the City of Banning).
Conveniently located in Banning Downtown, close to the Court House.
Features newer carpet, ceramic tile, and laminated flooring.
Includes upgraded features such as a newer roof and plumbing.
Boasts a concrete driveway and enclosed breezeway.
Backyard offers an 8 X 12 storage shed.

We can help!

Listing Contact

Jose Martinez

Learn more

For Sale

$469,900

Upgraded home or business near Banning Downtown Court House.

Type:Commercial

Property size:

1,505 SF

Price / SF:

$312/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 5:44 pm

Property Features for 402 E Ramsey

General Information

Standard status: Active
Size: 1,505 SF
Property subtype: Commercial

Building Details

Year Built: 1954

We can help!

Listing Contact

Jose Martinez

Listing agent Jose Martinez License #01422430

Listing office Sunset Homes realty

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sunset Homes realty

HighLights

Upgraded home suitable for residential or commercial use (buyer to verify commercial use with the City of Banning).
Conveniently located in Banning Downtown, close to the Court House.
Features newer carpet, ceramic tile, and laminated flooring.
Includes upgraded features such as a newer roof and plumbing.
Boasts a concrete driveway and enclosed breezeway.
Backyard offers an 8 X 12 storage shed.

Overview

Located in Banning Downtown, near the Court House, this upgraded property offers potential as either a home or a business. The building features 1,505 square feet of space, including two bedrooms and 1.5 bathrooms. Interior upgrades include newer carpet, ceramic tile, and laminated flooring, along with updated lights. The property also benefits from a newer roof and updated plumbing. Additional features include a concrete driveway and an enclosed breezeway. The small kitchen is equipped with a granite countertop. The backyard includes an 8 x 12 storage shed. The property is located in an area that is somewhat bikeable with a bike score of 39, and car-dependent with a walk score of 20. Conversion to commercial use may be possible, subject to verification with the City of Banning.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.5k	$22.92
− Vacancy	−$3.0k	−$1.97
EGI	$31.5k	$20.95
− OpEx	−$7.9k	−$5.24
NOI	$23.6k	$15.71

1,505 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$337.8K

$295.6K – $394.1K (±1% cap)

NOI $23,646 @ 7.0% cap · market cap 5.03%

Second Best

Retail

$308.2K

$269.7K – $359.5K (±1% cap)

NOI $21,572 @ 7.0% cap · market cap 4.59%

Theoretical Best

Office A

$450.9K

$394.5K – $526.0K (±1% cap)

NOI $31,561 @ 7.0% cap · market cap 6.72%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Live-work space

Suggested Use

Location Insight

Map
Local Demand

City: Banning
County: Riverside
State: California
Longitude: -116.8723692
Latitude: 33.9252418

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For sale
Live-work space
CA
Banning
92220
402 E Ramsey

What type of property is this?

Live-work space - Upgraded home or business near Banning Downtown Court House.

Where is this live-work space located?

The property is located at 402 E Ramsey Banning, CA.

What is the asking price?

The asking price for this property is $469,900.

What are key features of this property?

This property features: Upgraded home suitable for residential or commercial use (buyer to verify commercial use with the City of Banning).; Conveniently located in Banning Downtown, close to the Court House.; Features newer carpet, ceramic tile, and laminated flooring.