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Property profile & analytics
OFF-MARKET
Retail space
55 Ramsey St Banning, CA 92220-4816
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0914705
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
WOOD
Total area
2,350 SF
Lot
0.05 ac (2,178 SF)
Zoning code
DC
APN
540-168-017
UPID
US09-0914705
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
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
Ling K Luu · 8 yrs held
Ling K Luu
since 2017
7 recorded transactions
Zoning & alternative use
DC · Banning, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This District occurs on Ramsey Street, between 8th Street and Hargrave Street on the west and east, by Interstate 10 on the south, and by Williams and Nicolet on the north. This area is the City's traditional commercial core, and has special significance to the community because small scale commercial retail and office uses, services, restaurants, and entert…
Zone name
Downtown Commercial
General category
MIXED_USE
Zone area
99.42 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
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
$2,485
Tax year 2024
Assessed value
$176,468
Assessed 2024
Previous assessed
$176,468
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$38,578
Assessed improvement
$137,890
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
1962
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,350 SF
Lot
0.05 ac (2,178 SF)
Zoning code
DC
APN
540-168-017
UPID
US09-0914705
Jurisdiction
RIVERSIDE
Zoning & alternative use
DC · Banning, CAZoning DC · permitted uses
DC · Banning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This District occurs on Ramsey Street, between 8th Street and Hargrave Street on the west and east, by Interstate 10 on the south, and by Williams and Nicolet on the north. This area is the City's traditional commercial core, and has special significance to the community because small scale commercial retail and office uses, services, restaurants, and entertainment retail are the primary uses in this district. Mixed Use, residential land uses in combination with commercial businesses, are also encouraged. Bed and breakfasts, hotels and motels are also appropriate in this district.
Zone name
Downtown Commercial
General category
MIXED_USE
Zone area
99.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Ling K Luu
Individual
Free & Clear · 8 yrs held
Mailing address
6244 4TH AVE S, RICHFIELD, MN 55423-1633
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2017
—
Ling K Luu
Luu,quang P
Quit Claim Deed
related
—
Apr 19, 2002
$115,000
Quang P Luu
Hendon,marc L
Grant Deed
—
Mar 10, 2000
$46,500
Marc L Hendon
Par 98 LLC
Grant Deed
$45,193 · Individual
May 15, 1998
$26,000
Par 98 LLC
Podsadecki,john C
Grant Deed
—
Apr 9, 1998
$14,000
John C Podsadecki
Riverside County (ca)
Grant Deed
—
Jan 25, 1995
—
Banning Cy
La Sultana,bakery
Grant Deed
related
—
Aug 1, 1989
$55,000
La Sultana Baker
Kiser Jack
Grant Deed
$42,500 · Kiser Jack
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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