Retail Shopping Center For
For Sale
$1,495,000
635 E Ramsey, Banning, CA 92220
9,000 SF retail shopping center with high traffic.
Property Size9,000 SF
Lot Size0.84 Acres
Price / SF$166.11
Days on Market205
Property Features for 635 E Ramsey
General Information
Standard status
Active
Size
9,000 SF
Lot size
0.84 Acres
Building Details
Year Built
1960
Listing Agency:
Better Homes & Gardens R.E. Oak Valley
Listed By:
Peter Tripp · License #00877128
(951) 966-4870
Source:
Myfabuloushome
Added: Apr 3
Changed: Oct 5
Last Checked: Oct 7 at 3:05PM
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 Better Homes & Gardens R.E. Oak Valley
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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
Estimated NOI and Cap Rate
NOI / Yr
$129,004
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,580,080
$2.6M
Cap Rate 7%
$1,842,914
$1.8M
Cap Rate 9%
$1,433,378
$1.4M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$194.4K $21.60/SF
− Vacancy
−$10.1K −$1.12/SF
EGI
$184.3K $20.48/SF
− OpEx
−$55.3K −$6.14/SF
NOI
$129.0K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,580,080
Cap Rate 7%
$1,842,914
Cap Rate 9%
$1,433,378
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Retail in West region
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
Frequently Asked Questions
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.
