Property profile

2772 W Ramsey St Banning, CA 92220

FOR SALE
Retail space
Property ID
US09-2175037
1,141 SF 1.3 ac lot Built 1945
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Auto Parts Store

Location

2772 W Ramsey St Banning, CA 92220
Banning metro Census 44101 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$890k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$830k

Owner & transaction history

since 2022
Last sale
$775,000
7 recorded transactions
2022
$775,000
2005
Price N/A
2005
Price N/A
1999
$60,000
1998
Price N/A
1992
$115,454
1992
$69,000

Zoning & alternative use

C2 · Banning, CA
Top alternative use upside
Commercial (general) $1.2M +232.3%
Neighborhood: shopping center $980,000 +179.4%
Auto repair, garage $495,000 +40.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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