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Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Apartment buildings
225 Ramsey St, Banning, CA 92220-4850
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US10-1772071
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Construction
WOOD
Total area
13,687 SF
Lot
0.38 ac (16,552 SF)
Zoning code
C2
APN
540-166-001
UPID
US10-1772071
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
-
Ramsey Villa Apartment Apartment Building
-
Chateau 225 Marketplace Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.52M
Owner & transaction history
Ie Property Management LLC · 8 yrs held
Ie Property Management LLC
since 2018
7 recorded transactions
Zoning & alternative use
C2 · 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%
$3,690,000
6.5%
$3,410,000
7%
$3,165,000
Blend value · Realmo final
$2.52M
Range $2.27M – $2.77M · ±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
$184 / 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
$21,511
Tax year 2024
Assessed value
$1,561,722
Assessed 2024
Previous assessed
$1,561,722
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$250,990
Assessed improvement
$1,310,732
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
NONE
Stories
3
Units
24
Total area
13,687 SF
Lot
0.38 ac (16,552 SF)
Zoning code
C2
APN
540-166-001
UPID
US10-1772071
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Banning, CA
Zoning C2 · permitted uses
C2 · 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
1928
Construction
WOOD
Heating
NONE
Stories
3
Units
24
Lot
0.38 ac
Current owner
From public records · entity-resolved
Ie Property Management LLC
Entity
Mailing address
PO BOX 92125, CITY OF INDUSTRY, CA 91715-2125
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
—
Ie Property Management LLC
—
Deed
related
$1,825,000 · Jpmorgan Chase Bank NA
Apr 6, 2018
$1,400,000
Ie Property Management LLC
Ramsey Villa LLC
Grant Deed
$1,010,000 · Arbor Agcy Lndg LLC
Oct 6, 2017
—
Ramsey Villa LLC
—
Deed
related
$1,178,370 · Branton Leo JR Trust (pt)
May 5, 2016
—
Ramsey Villa LLC
—
Deed
related
$1,178,370 · Branton Leo JR Trust (pt)
Jan 26, 2011
—
Ramsey Villa LLC
Branton,leo JR & Leo L
Grant Deed
—
Jul 19, 2010
$515,000
Leo L Branton
Edwards Management Co INC
Grant Deed
—
Jun 28, 2010
$285,000
Edwards Management Co INC
Slomovic W Family Trust
Grant Deed
—
Jun 4, 2004
—
Slomovic,tr
Slomovic,tr
Quit Claim Deed
related
—
Jul 5, 1995
—
William Etal Slomovic
Slomovic,william Etal
Quit Claim Deed
related
—
—
—
Ramsey Villa LLC
—
Deed Of Trust
related
$1,178,370 · Branton Leo JR Trust (pt)
—
—
Ramsey Villa LLC
—
Deed Of Trust
related
$1,178,370 · Branton Leo JR Trust (pt)
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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