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Property profile & analytics
OFF-MARKET
Retail space
1512 Ramsey St, Banning, CA 92220-5905
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2935596
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
WOOD
Total area
1,296 SF
Lot
0.51 ac (22,215 SF)
Zoning code
R3
APN
541-210-025
UPID
US10-2935596
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Iglesia De Dios Church Of God Church
-
The Metal Corral Metal Fabrication Plant Factory
-
Metal art's (Bike/Boat/Book/etc) Store Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eduardo Perez Cruz · 2 yrs held
Eduardo Perez Cruz
since 2023
Last sale
$430,000
7 recorded transactions
Zoning & alternative use
R3 · Banning, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Banning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Banning submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,966
Tax year 2024
Assessed value
$430,000
Assessed 2024
Previous assessed
$430,000
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$200,000
Assessed improvement
$230,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,296 SF
Lot
0.51 ac (22,215 SF)
Zoning code
R3
APN
541-210-025
UPID
US10-2935596
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Banning, CA
Zoning R3 · permitted uses
R3 · Banning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Banning. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Eduardo Perez Cruz
Individual
Mailing address
1512 E RAMSEY ST, BANNING, CA 92220-5905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2023
$430,000
Eduardo Perez Cruz
Jctp LLC
Grant Deed
$420,000 · Terjo Family Trust
Oct 13, 2021
—
Jctp LLC
Juan Carlos Trejo
Grant Deed
—
Aug 14, 2007
—
Design Mgm INC
Dsl Service Co
Quit Claim Deed
related
—
Apr 5, 2007
$435,000
Juan C Trejo
Design Mgm INC
Grant Deed
—
Mar 21, 2006
—
Design Mgm INC
Design Mgm INC
Quit Claim Deed
related
$630,000 · Downey S & L (wholesale)
Mar 2, 2001
$22,500
Design Mgm INC
Imc Mortgage
Grant Deed
—
Nov 2, 1998
$72,839
Imc Mortgage
Borunda,leo
Trustees Deed
related
—
Jun 29, 1994
—
Borunda Leo Kim
Melendez,valente
Quit Claim Deed
related
—
—
—
Leo Borunda
—
Deed Of Trust
related
$51,000 · Bonn Harry
—
—
Leo Borunda
—
Deed Of Trust
related
$65,000 · Ameriquest Mortgage Corp
—
—
Design Mgm INC
—
Deed Of Trust
related
$630,000 · Downey S & L (wholesale)
—
—
Design Mgm INC
—
Deed Of Trust
related
$630,000 · Downey S & L (wholesale)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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