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Property profile & analytics
FOR SALE
Retail space
635 E Ramsey St Banning, CA 92220
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0162298
For Sale
1 / 21
$1,495,000
635 E Ramsey St, Banning, CA 92220
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
TILT-UP CONCRETE
Total area
5,340 SF
Lot
0.84 ac (36,590 SF)
Zoning code
CM
APN
541-150-022
UPID
US09-0162298
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
-
P T Discount Mart Grocery & Convenience Store
-
California Test Only Sustainability Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$640k
Owner & transaction history
Lim,djrm Family Trust · 10 yrs held
Lim,djrm Family Trust
since 2015
6 recorded transactions
Zoning & alternative use
CM · 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
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
$640k
Range $576k – $704k · ±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
$120 / 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
$5,115
Tax year 2024
Assessed value
$365,580
Assessed 2024
Previous assessed
$365,580
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$290,145
Assessed improvement
$75,435
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 Sale
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,340 SF
Lot
0.84 ac (36,590 SF)
Zoning code
CM
APN
541-150-022
UPID
US09-0162298
Jurisdiction
RIVERSIDE
Zoning & alternative use
CM · Banning, CA
Zoning CM · permitted uses
CM · Banning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Banning. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Lim,djrm Family Trust
Trust
Mailing address
24310 MOULTON PKWY STE O, LAGUNA HILLS, CA 92637-3306
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2015
$315,000
Lim,djrm Family Trust
Mattox Family Trust
Grant Deed
—
Jun 3, 2014
—
Tod Mattox
Mattox,stanley E
Affidavit Of Death
related
—
Oct 23, 2012
$133,967
Mattox Family Trust
Pham,binh T
Deed In Lieu Of Foreclosure
related
—
Jun 9, 2005
$253,500
Michael Q Nguyen
Mattox Family Trust
Grant Deed
$203,356 · Mattox Family Trust
Mar 27, 2003
$300,000
Mattox,tr
Mclean,tr
Grant Deed
$225,000 · Canyon National Bank
—
—
Mattox Family Trust
—
Deed Of Trust
related
$200,000 · Halaj Ivan Trust (pt)
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.
Try Rey
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