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    Of Blf St Banning, CA 92220

    Sponsored
    For Sale
    $225,000

    Prime 10-acre residential lot, Open Space zoning. Excellent investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 10-acre parcel of land is situated southwest of Bluff Street in Banning, California, zip code 92220. Currently zoned as Open Space, this property presents a unique opportunity for various development possibilities. The asking price is $225,000, translating to $25,000 per acre. The Open Space zoning designation allows for the preservation of natural resources, including water, biological features, and ridgelines. It also accommodates areas with flooding or geotechnical hazards. This zoning may permit features such as non-motorized vehicle trails, roads, and passive parks. The property's location offers potential for a variety of uses within the confines of the Open Space designation. Given its size and location, this land presents a compelling investment opportunity in the desirable Riverside County area. The property is conveniently located near Banning, California, providing easy access to local amenities and transportation routes. Detailed zoning information is available upon request. This is a rare opportunity to acquire a substantial land holding in a growing area.

    Property Features for 0 Of Blf St

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • List Price: $250,000
    • Land Area: 10 acres, $25,000 per acre, 435,600 square feet, $0.57 per square foot
    • Zoning: Open Space
    • Property Type: Vacant Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Banning
    County
    Riverside
    State
    California
    Longitude
    -116.9106176
    Latitude
    33.994814

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    FAQs

    What type of property is this?
    Land - Prime 10-acre residential lot, Open Space zoning. Excellent investment opportunity.
    Where is this land located?
    The property is located at Of Blf St Banning, CA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: List Price: $250,000; Land Area: 10 acres, $25,000 per acre, 435,600 square feet, $0.57 per square foot; Zoning: Open Space
    Request Owner's contact information
    Of Blf 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
    Of Blf St Banning, CA 92220
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