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    FOR SALE
    Retail space

    2772 W Ramsey St, Banning, CA 92220

    1,141 SF 1.3 ac lot Built 1945
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-2175037
    Property summary
    AI-generated overview

    This exceptional 1.3-acre commercial property in Banning, CA, boasts a prime location directly off the I-10 freeway, ensuring high visibility and traffic exposure. The property features three buildings: a large open-plan structure previously used as a tire shop (approximately 2,800 square feet), a renovated two-bedroom, one-bathroom house with updated interiors, and a separate office/salon building with an open floor plan and one bathroom. Recent upgrades include brand-new concrete throughout the entire property, secure block walls surrounding the perimeter, and a stylish wrought iron gate with a rolling gate door for convenient access. The property's zoning allows for a variety of commercial uses, making it an ideal investment for entrepreneurs seeking a high-traffic location. Buyers are advised to verify permitted uses with the city of Banning. This versatile property presents a unique opportunity to establish or expand a business in a highly visible and accessible location. The combination of ample space, strategic placement, and recent improvements makes this a compelling investment opportunity. The asking price is $1,450,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1945
    Construction WOOD
    Total area 1,141 SF
    Lot 1.3 ac (56,628 SF)
    Zoning code C2
    APN 538-190-007
    UPID US09-2175037
    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
    • Discount Battery Center Banning Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $890k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $820k
    Owner & transaction history
    Sergio Rojas · 3 yrs held
    Sergio Rojas
    since 2022
    Last sale
    $775,000
    7 recorded transactions
    2022
    $775,000
    2005
    2005
    1999
    $60,000
    1998
    1992
    $115,454
    1992
    $69,000
    Zoning & alternative use
    C2 · Banning, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.2M +232.3%
    Neighborhood: shopping center $980,000 +179.4%
    Auto repair, garage $495,000 +40.1%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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