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Financial
Distress signals
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
Last sale Sep 2022 · $775,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$847k
Assessed land$510k
Assessed improvement$337k
Effective rate1.39%

Value estimate

· Oct 2026
$830k
$747k – $913k
AI approach$890k
NOI build-up
Gross scheduled income$64k
Vacancy & credit loss−$6k
Operating expenses−$15k
NOI · 3.26% cap applied$44k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$104 – $416
Qualifying comparables7

Cap rate analysis

How does the asset earn?
3.26%
$44k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency33.6
Building Supply22.6
Law Firm21.5

Location

2772 W Ramsey St Banning, CA 92220
County assessor Recorded deeds · 9 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1043 Calimesa, Banning, CA 92220 $1,000,000 May 2025 1,124 SF
45 1st, Banning, CA 92220-4801 $787,000 May 2024 1,400 SF
933 Ramsey, Banning, CA 92220 $888,000 Apr 2024 1,420 SF
3739 Ramsey, Banning, CA 92220-3511 $525,000 Aug 2023 1,410 SF
1512 Ramsey, Banning, CA 92220-5905 $430,000 Jul 2023 1,296 SF
4894 Ramsey, Banning, CA 92220-3301 $226,000 Oct 2022 1,120 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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