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Property profile & analytics
OFF-MARKET
Estimated value
$12,090,000
Manufacturing properties
2000 Barbour St Banning, CA 92220-6301
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4619356
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2022
Construction
WOOD
Total area
75,427 SF
Lot
39.1 ac (1,703,196 SF)
Zoning code
M1
APN
532-130-008
UPID
US09-4619356
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
-
Estes Express Lines Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.53M
Comparable Approach
Comparable
$13.05M
Blend (final)
Blend
$12.09M
Owner & transaction history
Estes Terminals Of California LLC · 8 yrs held
Estes Terminals Of California LLC
since 2018
6 recorded transactions
Zoning & alternative use
M1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,325,000
6.5%
$9,530,000
7%
$8,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$16,820,000
Current use
Blend value · Realmo final
$12.09M
Range $10.88M – $13.30M · ±10%
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
$160 / 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
$241,097
Tax year 2024
Assessed value
$17,561,876
Assessed 2024
Previous assessed
$17,561,876
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$6,561,876
Assessed improvement
$11,000,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
75,427 SF
Lot
39.1 ac (1,703,196 SF)
Zoning code
M1
APN
532-130-008
UPID
US09-4619356
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Banning, CA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$16.8M
INDUSTRIAL (GENERAL) 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
2022
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
39.1 ac
Current owner
From public records · entity-resolved
Estes Terminals Of California LLC
Entity
Mailing address
3901 W BROAD ST, RICHMOND, VA 23230-3962
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
$6,000,000
Estes Terminals Of California LLC
Banning Land Fund LLC
Grant Deed
—
Jul 13, 2018
$3,500,000
Banning Land Fund LLC
2831 Bristol LLC
Grant Deed
—
May 5, 2005
$1,300,000
2831 Bristol LLC
Photo-sonics INC
Grant Deed
—
—
—
2831 Bristol LLC
—
Loan Modification
related
—
—
—
2831 Bristol LLC
—
Deed Of Trust
related
$975,000 · First Regional Bank
—
—
2831 Bristol LLC
—
Deed Of Trust
related
—
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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