Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 Highland Spgs Ave Ste, Unit 9 Banning, CA 92220-6502
    Back to Search
    Property profile & analytics

    300 Highland Spgs Ave Ste, Unit 9, Banning, CA 92220-6502

    View on Map
    • Strip malls
    • 27,608 SF
    • 2.52 lot acres
    Off-Market
    Property ID
    US09-3625272
    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.
    Value Estimations
    $4,975,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 300 Highland Spgs Ave Ste

    Year built
    1991
    Construction
    TILT-UP CONCRETE
    Lot size
    2.52 lot acres
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    419-140-032
    APU
    419140032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 22, 2021 — Petsmart LLC Uptown Villas LLC Lease —
    Apr 20, 2016 $4,275,000 Uptown Villas LLC Wec 98d-25 LLC Grant Deed —
    Jun 5, 1998 $5,000,000 Wec 98d-25 LLC Thrifty Payless INC Grant Deed $4.9M · First Union National Bank
    Sep 1, 1989 $714,500 Less Drug Stores Northwes Pay Unknown Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,800,000
      6.5%
      $5,355,000
      7%
      $4,975,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Banning
    County
    Riverside
    State
    California
    Longitude
    -116.945
    Latitude
    33.9238
    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
    $59,562
    $1,112,698
    $3,214,670
    $4,327,368
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,115,000
      11,070 SF

      300 Highland Spgs Ave Ste, Unit 10

      SHOPPING CENTER, STRIP CENTER
      300 Highland Spgs Ave Ste, Banning, CA 92220-6504
      View Details
    • Value Estimation
      $1,465,000
      14,663 SF

      300 Highland Spgs Ave Ste, Unit 8

      SHOPPING CENTER, STRIP CENTER
      300 Highland Spgs Ave Ste, Banning, CA 92220-6504
      View Details
    • Value Estimation
      $2,720,000
      14,000 SF

      1510 Ramsey St

      SHOPPING CENTER, STRIP CENTER
      1510 Ramsey St, Banning, CA 92220-4427
      View Details
    • Value Estimation
      $1,315,000
      13,385 SF

      300 Highland Spgs Ave Ste, Unit 2

      SHOPPING CENTER, STRIP CENTER
      300 Highland Spgs Ave Ste, Banning, CA 92220-6504
      View Details
    • Value Estimation
      $955,000
      7,200 SF

      896 Hathaway St

      SHOPPING CENTER, STRIP CENTER
      896 Hathaway St, Banning, CA 92220-6302
      View Details
    • Value Estimation
      $875,000
      8,550 SF

      300 Highland Spgs Ave Ste, Unit 6

      SHOPPING CENTER, STRIP CENTER
      300 Highland Spgs Ave Ste, Banning, CA 92220-6505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      52,264 SF

      Grocery Anchored Retail Center

      Retail center anchored by Cardenas Markets and Dollar Tree.
      3403 West Ramsey St, Banning, CA 92220
      View Details
    • $1,495,000

      Retail Shopping Center For Sale

      9,000 SF retail shopping center with high traffic.
      635 E Ramsey St, Banning, CA 92220
      View Details
    • Contact for pricing
      40,812 SF

      Grocery Anchored Retail Asset

      Grocery-anchored retail property with developable land in Inland Empire.
      3251-3333 West Ramsey St, Banning, CA 92220
      View Details
    • $488,000
      2,400 SF

      Downtown Banning Commercial Opportunity

      Versatile commercial building in the heart of downtown Banning.
      170 W Ramsey St, Banning, CA 92220
      View Details

    Similar Nearby for Lease

    • $2,988 /Mo
      2,988 SF

      Banning Commercial Space Available

      Freestanding building with open floor plan and ample parking.
      3055 W Ramsey St, Banning, CA 92220
      View Details
    • Contact for pricing
      1,000,000 SF

      Banning Warehouse with Cross-Dock Configuration

      Large industrial space with convenient access to Interstate 10.
      2600 John St, Banning, CA 92220
      View Details
    • $0.20 SF/Yr

      Acre Available For Lease

      Approximately one acre of land available for lease.
      161 W Lincoln St, Banning, CA 92220
      View Details
    • Contact for pricing

      Banning Office Space For Rent

      Office space with three rooms, bathroom, and kitchen.
      1035 W Ramsey St, Banning, CA 92220
      View Details
    • Contact for pricing
      117,265 SF

      Industrial Property For Lease

      Industrial property available for lease, groundbreaking estimated for September 2024.
      4Th St, Banning, CA 92220
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 Highland Spgs Ave Ste, Unit 9
    Banning, CA 92220-6502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Highland Spgs Ave Ste, Banning, CA, 92220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!