Three-Unit Office Building With
New
For Sale
$269,000
436 E Ramsey, Banning, CA 92220
Commercial building offers three separate units and substantial storage near the 10 Freeway and courthouse.
Property Size814 SF
Days on Market4
Property Features for 436 E Ramsey
General Information
Standard status
Active
Size
814 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
814 SF
Year Built
1964
Buildings
1
Units
3
Listing Agency:
(951) 990-1045
Listed By:
David Hume · License #01387713
(951) 990-1045
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 3:56AM
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 David Hume
Investment Insights
Based on property information with market context.
This office property at 436 E Ramsey is configured as three separate units with an additional large storage area. The layout provides multiple areas within one commercial building and may accommodate office or retail use, as identified for the property. Built in 1964, the asset is positioned near the 10 Freeway and the courthouse in Banning, California.
The property’s location supports car-oriented access, with a Walk Score of 20 and a Bike Score of 39. The building’s three-unit configuration and dedicated storage component provide the primary physical characteristics for evaluating the space.
The property’s location supports car-oriented access, with a Walk Score of 20 and a Bike Score of 39. The building’s three-unit configuration and dedicated storage component provide the primary physical characteristics for evaluating the space.
Key Highlights
- Three separate commercial units within one building
- Large storage area included
- Near the 10 Freeway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,789
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,780
$255.8K
Cap Rate 7%
$182,700
$182.7K
Cap Rate 9%
$142,100
$142.1K
Market Conditions
NOI Build-Up for 814 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.7K $22.92/SF
− Vacancy
−$1.6K −$1.97/SF
EGI
$17.1K $20.95/SF
− OpEx
−$4.3K −$5.24/SF
NOI
$12.8K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,780
Cap Rate 7%
$182,700
Cap Rate 9%
$142,100
Alternative Uses
Best Use
Office B
$182.7K
$159.9K – $213.2K
NOI $12,789 @ 7.0% cap · market cap 4.75%
Second Best
Retail
$166.7K
$145.9K – $194.5K
NOI $11,668 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$243.9K
$213.4K – $284.5K
NOI $17,070 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 92220, CA
32,947
Population
13,258
Households
2.5
Avg Household Size
43
Median Age
17%
College-Educated
82%
High-School Grad
141.3 sq mi
ZIP Area
233
Density / Sq Mi
$59,116
Median Household Income
$35,428
Median Earnings
$1,499
Median Rent
$324,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial building offers three separate units and substantial storage near the 10 Freeway and courthouse.
Where is this office units located?
The property is located at 436 E Ramsey Banning, CA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Three separate commercial units within one building; Large storage area included; Near the 10 Freeway
