Mixed-Use Property with
New
For Sale
$880,000
5761 W Ramsey, Banning, CA 92220
Zoned for combined business and residential use with apartments connected to the commercial space.
Property Size1,880 SF
Days on Market3
Property Features for 5761 W Ramsey
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Commercial
Zoning
mixed use: business/residential
Additional Details
Business Included
Yes
Building Details
Building Size
1,880 SF
Year Built
1950
Units
3
Listing Agency:
ALGEA REAL ESTATE
(909) 841-2289
Listed By:
JUDY ALGEA · License #01366805
(909) 841-2289
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 7:00AM
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 ALGEA REAL ESTATE
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial storefront with attached apartments and is zoned for business and residential purposes. The commercial operation currently includes computer and phone sales, repair services, U-Haul rentals, and international money-transfer services. The existing business and inventory may also be acquired with the property.
Located at 5761 W Ramsey in Banning, California, the property was built in 1950. Its current configuration brings commercial activity and residential units together within one asset, with an established operating business already in place.
Located at 5761 W Ramsey in Banning, California, the property was built in 1950. Its current configuration brings commercial activity and residential units together within one asset, with an established operating business already in place.
Key Highlights
- Mixed‑use zoning permits business and residential components
- Attached apartments are part of the property
- Current commercial uses include computer and phone sales and repair
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
$30,431
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
3.46%
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%
$608,620
$608.6K
Cap Rate 7%
$434,729
$434.7K
Cap Rate 9%
$338,122
$338.1K
Market Conditions
NOI Build-Up for 1,880 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
$56.4K $30.00/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$55.3K $29.43/SF
− OpEx
−$24.9K −$13.24/SF
NOI
$30.4K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$608,620
Cap Rate 7%
$434,729
Cap Rate 9%
$338,122
Alternative Uses
Best Use
Apartment 5plus
$434.7K
$380.4K – $507.2K
NOI $30,431 @ 7.0% cap · market cap 3.46%
Second Best
Retail
$385.0K
$336.8K – $449.1K
NOI $26,947 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$563.2K
$492.8K – $657.1K
NOI $39,425 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
792
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Zoned for combined business and residential use with apartments connected to the commercial space.
Where is this mixed-use property located?
The property is located at 5761 W Ramsey Banning, CA.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Mixed‑use zoning permits business and residential components; Attached apartments are part of the property; Current commercial uses include computer and phone sales and repair
