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    Hargrave St Banning, CA 92220

    Sponsored
    For Sale
    $1,100,000

    1.24-acre industrial lot, seller financing available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.24-acre industrial land parcel, located at S Hargrave St in Banning, California (zip code 92220, APN 541-273-007), presents a compelling investment opportunity. Priced at $1,100,000, this property is zoned for industrial use and offers a range of permitted activities as outlined in the City of Banning Development Code. These include, but are not limited to, equipment rental yards, construction and contractor storage yards, distribution facilities, lumber yards, manufacturing facilities, recycling facilities, and truck repair, towing, storage, and service operations. A significant advantage is the availability of seller financing, making this property accessible to a wider range of buyers. Furthermore, a recently completed Phase 1 environmental assessment is available for review, providing transparency and due diligence support. The property's location in Riverside County offers convenient access to major transportation routes, making it an ideal location for various industrial businesses. This is a rare opportunity to acquire a well-situated, versatile industrial land parcel with attractive financing options. Contact us today to learn more and schedule a showing.

    Property Features for 0 Hargrave St

    General Information

    Property type
    Land
    Lot Size
    54,014 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Banning
    County
    Riverside
    State
    California
    Longitude
    -116.8679707
    Latitude
    33.9162798

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    FAQs

    What type of property is this?
    Land - 1.24-acre industrial lot, seller financing available.
    Where is this land located?
    The property is located at Hargrave St Banning, CA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    Request Owner's contact information
    Hargrave St Banning, CA 92220
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    Banning, CA 92220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hargrave St Banning, CA 92220
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