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Property profile

0 Of Blf St Banning, CA 92220

OFF-MARKET
Land
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10 ac lot

Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 10 ac (435,600 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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