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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Retail space
50 1st St Banning, CA 92220-4702
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0061940
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
TILT-UP CONCRETE
Total area
6,435 SF
Lot
0.15 ac (6,534 SF)
Zoning code
GC
APN
540-168-005
UPID
US09-0061940
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
-
B Wholesale Flooring General Contractor Renovation Specialist
-
C's Beauty & Barber shop Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$760k
Owner & transaction history
50 South 1st LLC · 1 yrs held
50 South 1st LLC
since 2025
7 recorded transactions
Zoning & alternative use
GC · Banning, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is the broadest of the City's commercial districts, and allows food and drug stores; home improvement; auto sales, leasing, service and repair; department and general retail outlets; merchandise leasing; neighborhood servingretail and services; restaurants; entertainment uses; gas stations; general offices (secondary to retail); mixed uses; and…
Zone name
General Commercial
General category
MIXED_USE
Zone area
420.17 ac
Source
Realmo
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
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
$6,469
Tax year 2024
Assessed value
$466,505
Assessed 2024
Previous assessed
$466,505
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$73,956
Assessed improvement
$392,549
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
Off-Market
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,435 SF
Lot
0.15 ac (6,534 SF)
Zoning code
GC
APN
540-168-005
UPID
US09-0061940
Jurisdiction
RIVERSIDE
Zoning & alternative use
GC · Banning, CAZoning GC · permitted uses
GC · Banning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is the broadest of the City's commercial districts, and allows food and drug stores; home improvement; auto sales, leasing, service and repair; department and general retail outlets; merchandise leasing; neighborhood servingretail and services; restaurants; entertainment uses; gas stations; general offices (secondary to retail); mixed uses; and financial institutions.
Zone name
General Commercial
General category
MIXED_USE
Zone area
420.17 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
50 South 1st LLC
Entity
Mailing address
23901 CALABASAS RD STE #1050, CALABASAS, CA 91302-3379
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
May 2, 2025
—
50 South 1st LLC
The Belete Amsale B Family LP
Grant Deed
—
Sep 19, 2016
$300,000
Prime Office LLC
Albin J Malinowski
Grant Deed
$352,000 · First Choice Bank
Oct 26, 2011
$219,239
Malinowski Trust
Golden State Foreclosure
Trustees Deed
related
—
Jan 4, 2011
—
Alejandro V Osorio
Reyes,ignacio V
Grant Deed
related
—
Jul 19, 2010
$100,000
Ignacio V Reyes
Ress Financial Corp
Trustees Deed
related
—
Jun 9, 2009
—
Claudia L Malinowski
Hendon Sylvia H Trust
Grant Deed
—
Jan 11, 2008
—
Bottom Line Property Mgmt LLC
Reyes,ignacio V
Grant Deed
—
Apr 19, 2005
$350,000
Alejandro V Osorio
Hendon Sylvia H Trust
Grant Deed
$245,000 · Hendon Sylvia H Trust 006329
—
—
Hendon Trust
—
Deed Of Trust
related
$155,000 · North County Bank
—
—
Ignacio V Reyes
—
Deed Of Trust
related
$30,000 · Lopez & Morris LLP
—
—
Bottom Line Property Mgmt LLC
—
Deed Of Trust
related
$450,000 · Ignacio V Reyes
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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