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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Warehouses
679 Lincoln St Banning, CA 92220-4913
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2502613
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
TILT-UP CONCRETE
Total area
4,210 SF
Lot
1.95 ac (84,942 SF)
Zoning code
C-2
APN
540-220-007
UPID
US10-2502613
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
-
Michael Garage Door Service LLC Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$645k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Sapphire Family Holdings LLC · 4 yrs held
Sapphire Family Holdings LLC
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
C-2 · Banning, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+4.3%
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
$1,045,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,245,000
Current use
RETAIL STORES
$1,295,000
Change: +4% · Conversion: Moderate
MEDICAL BUILDING
$1,150,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$1,145,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $900k (Aug 26 2021)
Last sale anchor
$900k
Aug 26 2021
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
$238 / 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
$12,997
Tax year 2024
Assessed value
$936,360
Assessed 2024
Previous assessed
$936,360
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$832,320
Assessed improvement
$104,040
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,210 SF
Lot
1.95 ac (84,942 SF)
Zoning code
C-2
APN
540-220-007
UPID
US10-2502613
Jurisdiction
RIVERSIDE
Zoning & alternative use
C-2 · Banning, CA
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Sapphire Family Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
807 E MSN RD, SAN MARCOS, CA 92069-3002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
$900,000
Sapphire Family Holdings LLC
Michael Agahee
Grant Deed
—
Sep 23, 2019
—
Agahee Family Trust
Agahee,michael & Mary F
Quit Claim Deed
related
—
Jul 16, 2010
—
Lohman Slade A Trust
Mason,alan & Gail
Grant Deed
—
Oct 7, 2009
$40,000
Michael Agaehee
All American Finl Svcs
Trustees Deed
related
—
May 23, 2008
—
Richland Properties Mg LLC
—
Trustees Deed
related
$20,000 · Lohman Slade A Trust (pt)
Aug 15, 2007
—
Richland Properties Mg LLC
Maddox,richard G & Kathleen
Quit Claim Deed
$330,000 · Leeroy W Hausman
Nov 12, 1999
$275,000
Richard G Maddox
Spurlock Trust
Grant Deed
$234,000 · Seller
May 23, 1997
—
Bailey,wanda J Etal
Doherty,william J Etal
Quit Claim Deed
related
—
Jan 13, 1992
$325,000
William Doherty
Spurlock Trust
Grant Deed
$275,000 · Seller
—
—
Richland Properties Mg LLC
—
Deed Of Trust
related
$150,000 · James R & Tabatha Roache
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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