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    950 Ramona Blvd San Jacinto, CA 92582
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    Property profile & analytics

    950 Ramona Blvd, San Jacinto, CA 92582

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    • Strip malls
    • 23,520 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hard Money Lenders San Jacinto CA / Loan Service / Bank
    • Debra L. Mccormick, LCSW / Foster Care Service / Social Service Agency
    • T & B Driving School / Training Center / Vocational School
    • Natural Resources Conservation / Sustainability Organization
    • Riverside County Mental Health / Public Health Department

    Property Details for 950 Ramona Blvd

    Year built
    1981
    Property type
    Strip malls
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 23,520 square foot retail center, situated at 950 N Ramona Blvd in San Jacinto, CA 92582, presents a compelling investment opportunity. Built in 1981, the single-story Ramona Center boasts 19 suites, with five currently available for lease. The property features ample parking with a generous ratio of 3.6 spaces per 1,000 square feet, ensuring convenient access for both customers and employees. The zoning is MU, and the APN is 434-323-021 in Riverside County. The center benefits from a diverse tenant mix and a long-standing, stable tenant base. This prime location in the heart of San Jacinto enjoys high traffic volumes, providing excellent visibility and potential for increased business. Signage opportunities are available to enhance brand recognition. The available spaces are highly customizable, with the potential to combine units for a total of approximately 13,600 square feet. The property offers a unique chance to establish or expand a business in a thriving community. The building has no elevators. This is a rare opportunity to secure retail space in a well-established center with significant upside potential. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Jacinto
    County
    Riverside
    State
    California
    Longitude
    -116.973
    Latitude
    33.7953

    Comparable in this City

    • Value Estimation by Request
      0.85 Acres

      2241 Esplanade Ave

      SHOPPING CENTER, STRIP CENTER
      2241 Esplanade Ave, San Jacinto, CA 92582-4706
      View Details
    • Value Estimation
      $4,045,000
      23,520 SF

      39225 Ramona Blvd

      SHOPPING CENTER, STRIP CENTER
      39225 Ramona Blvd, San Jacinto, CA 92582
      View Details
    • Value Estimation
      $595,000
      3,282 SF

      2221 Esplanade Ave

      SHOPPING CENTER, STRIP CENTER
      2221 Esplanade Ave, San Jacinto, CA 92582-4701
      View Details
    • Value Estimation by Request
      0.81 Acres

      2281 Esplanade Ave

      SHOPPING CENTER, STRIP CENTER
      2281 Esplanade Ave, San Jacinto, CA 92582-4708
      View Details
    • Value Estimation
      $1,040,000
      10,811 SF

      2191 Esplanade Ave

      SHOPPING CENTER, STRIP CENTER
      2191 Esplanade Ave, San Jacinto, CA 92582-3723
      View Details
    • Value Estimation by Request
      36,930 SF

      Swc Sanderson Ave & Cottonwood Ave

      Retail properties & Spaces
      0 Swc Sanderson Ave & Cottonwood Ave, San Jacinto, CA 92582
      View Details

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    • $599,000

      Land For Sale

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      Industrial Land for Lease

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    • $1,990,000
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      San Jacinto Commercial Investment Opportunity

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    • $1,990,000

      478 N Scovell, San Jacinto, CA 92582

      Flex space
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    San Jacinto, CA 92582
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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