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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Hotels
178 Pendleton Rd Banning, CA 92220-2029
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2896418
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1937
Construction
WOOD
Total area
3,524 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R1
APN
535-150-005
UPID
US09-2896418
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Amani Investment INC · 3 yrs held
Amani Investment INC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R1 · 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
Method
Estimation
Statistic approach
$1,305,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,925,000
Current use
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.25M (Dec 21 2022)
Last sale anchor
$1.25M
Dec 21 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$363 / SF
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
$15,573
Tax year 2024
Assessed value
$1,126,700
Assessed 2024
Previous assessed
$1,126,700
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$168,300
Assessed improvement
$958,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1937
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
3,524 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R1
APN
535-150-005
UPID
US09-2896418
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Banning, CA
Zoning R1 · permitted uses
R1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.9M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1937
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Amani Investment INC
Entity
Mailing address
2045 COMPTON AVE STE #203, CORONA, CA 92881-7294
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Dec 21, 2022
$1,250,000
Amani Investment INC
Joel N Samson
Grant Deed
—
Nov 5, 2014
$625,000
Joel N Samson
Romero,felipe E
Grant Deed
$594,000 · Bbcn Bk
Jul 22, 2013
—
Felipe E Romero
Romero,felipe E
Quit Claim Deed
related
—
Apr 9, 2004
$291,500
Felipe E Romero
Charter Management Systems INC
Grant Deed
$350,000 · Charter Management Systems INC
Apr 9, 2004
—
Charter Management Systems INC
Galleher,michel L & Mary S
Grant Deed
related
—
Jan 9, 2004
$371,401
Michael L Galleher
Ramos,roger T & Eugenia V
Trustees Deed
—
Nov 4, 1998
$180,000
Roger T Ramos
Galleher,michael L & Mary S
Grant Deed
related
$395,000 · Individual
Mar 18, 1992
—
Michael Galleher
Galleher,michael
Quit Claim Deed
related
$265,000 · Redlands Federal Bank
Sep 1, 1988
$88,500
Eltantawi Salahe
Galleher Michael
Trustees Deed
related
$315,000 · Galleher Michael
Sep 1, 1988
—
Michael Galleher
Henningsen Keith
Trustees Deed
related
—
Aug 1, 1988
$2,000
Michael Galleher
Henningsen Keith
Grant Deed
related
$260,000 · Henningsen Keith
—
—
Felipe E Romero
—
Deed Of Trust
related
$430,000 · Nara Bank
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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