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Property profile & analytics
FOR LEASE
Retail space
42 W Ramsey St Banning, CA 92220
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-1213570
For Lease
1 / 9
$4,000/Mo
42 W Ramsey St, Banning, CA 92220
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1914
Construction
TILT-UP CONCRETE
Total area
4,664 SF
Lot
0.13 ac (5,662 SF)
Zoning code
C2
APN
540-204-010
UPID
US09-1213570
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
-
Banning Art Gallery Art Gallery Artist
-
Pass Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Jitterz Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Francis Capital Holdings
Francis Capital Holdings
since 2025
Last sale
$1.0M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,704
Tax year 2024
Assessed value
$337,914
Assessed 2024
Previous assessed
$337,914
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$117,286
Assessed improvement
$220,628
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1914
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
4,664 SF
Lot
0.13 ac (5,662 SF)
Zoning code
C2
APN
540-204-010
UPID
US09-1213570
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Banning, CAZoning C2 · permitted uses
C2 · Banning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1914
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Francis Capital Holdings
Entity
Mailing address
1331 LAKEWOOD AVE, UPLAND, CA 91786-2530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Sep 4, 2025
$1,025,000
Francis Capital Holdings
Banning Commercial Investors
Grant Deed
$645,000 · Banning Commercial Investors
Aug 28, 2025
—
Banning Commercial Investors
Fmtr Of Dirk Addison Dorning & Paul
Grant Deed
—
Apr 17, 2019
—
Freeman,e R & N C Family Trust
Freeman,e Robert & Nina
Quit Claim Deed
related
—
Jul 20, 2004
—
Freeman E R
Freeman,e R & Nina
Quit Claim Deed
related
—
Mar 12, 1991
$45,000
E Robert Freeman
Graham Robert E
Grant Deed
related
$29,663 · Seller
—
—
Edwin R Freeman
—
Deed Of Trust
related
$373,300 · Us Small Business Admn
—
—
E Robert Freeman
—
Deed Of Trust
related
$76,000 · Beverly Hills Invst & Loan
—
—
E Robert Freeman
—
Deed Of Trust
related
$685,000 · Banning Community Redev Agcy
—
—
E Robert Freeman
—
Deed Of Trust
related
$400,000 · Banning Community Redev Agcy
—
—
Haven Coffeehouse
—
Deed Of Trust
related
$30,000 · Community Redev Agcy/cty/banni
—
—
E Robert Freeman
—
Deed Of Trust
related
$250,000 · Bank Of Hemet
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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