Retail Shopping Center For
635 E Ramsey Banning, CA 92220
For Sale
$1,495,000
9,000 SF retail shopping center with high traffic.
Property Size9,000 SF
Lot Size0.84 Acres
Price / SF$166.11
Days on Market114
Property Features for 635 E Ramsey
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.84 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency:
(951) 692-0860
Listed By:
PETER TRIPP · License #00877128
(951) 692-0860
Source:
Elliman
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 25 at 11:51AM
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 PETER TRIPP
Investment Insights
Based on property information with market context.
This retail shopping center features approximately 9,000 square feet of space, divided into four units. The property is situated on 0.84 acres and has 250 feet of frontage. Located on E. Ramsey St., the property benefits from a good daily traffic count. It is located two blocks from the Superior Court of California, County of Riverside. The property includes parking in both the front and rear of the building. Banning is noted as one of the fastest-growing cities in California.
Key Highlights
- Four‑unit retail shopping center with approximately 9,000 sq ft.
- High daily traffic count on E. Ramsey St.
- Located two blocks from the Superior Court of California, County of Riverside.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $21.60 |
| − Vacancy | −$10.1k | −$1.12 |
| EGI | $184.3k | $20.48 |
| − OpEx | −$55.3k | −$6.14 |
| NOI | $129.0k | $14.33 |
9,000 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $129,004 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,737 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
P T Discount ...
Grocery & Convenience Store
California Test Only
Sustainability Organization
Similar Off Market Nearby
- Coin Time Bitcoin ATM — 864 E Ramsey St, Banning, CA 92220, United States
- Coin Time Bitcoin ATM — 864 E Ramsey St, Banning, CA 92220
FAQs
What type of property is this?
Shopping center - 9,000 SF retail shopping center with high traffic.
Where is this shopping center located?
The property is located at 635 E Ramsey Banning, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Four‑unit retail shopping center with approximately 9,000 sq ft.; High daily traffic count on E. Ramsey St.; Located two blocks from the Superior Court of California, County of Riverside.
