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Property profile & analytics

2217 Ramsey St Banning, CA 92220-3707

  • Grocery and convenience stores
  • 2,400 SF
  • 0.40 lot acres
OFF-MARKET
Last Sale
May 02, 2022
Value Estimations
$365,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US10-2394908
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Shopping Basket / Convenience Store / Grocery Store
  • ATM / Atm

Property Details for 2217 Ramsey St

Year built
1978
Construction
WOOD
Lot size
0.40 lot acres
Property size
2,400 SF
Zone code
C2
Property type
Grocery and convenience stores
APN
538-162-017
APU
538162017

Description

This exceptional business opportunity presents a fully equipped and profitable liquor store located at 2217 Ramsey St, Banning, CA, priced at $850,000. The store's success is built on a diversified revenue model, exceeding the typical liquor store offerings. A fully operational and well-maintained kitchen is integrated into the business, allowing for the preparation and sale of tacos, tortas, and other popular food items. This adds a significant and consistent revenue stream, catering to a steady flow of hungry customers. Further enhancing its appeal and convenience, the store is licensed to sell lottery tickets, provides check-cashing services, and offers money wiring options, establishing itself as a one-stop shop for the local community. Adding to its versatility, a meat market featuring high-quality cuts of meat is also incorporated into the business. A wide selection of cold beer, fresh fruits, and vegetables complements the existing offerings. This established business enjoys a prime location with consistent foot traffic, ensuring a strong customer base. The multiple revenue streams and established customer loyalty present an excellent opportunity for continued growth and high profitability for a new owner. The property is offered as a business opportunity, and the square footage and lot size are not specified.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $335,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $575,000
    6.5%
    $530,000
    7%
    $490,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $523,000
    Market price range: $156k - $615k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Banning
County
Riverside
State
California
Longitude
-116.901
Latitude
33.926
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,538
$260,100
$282,253
$542,353
-
$0.00
$0.00
$0.00
More about this property
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