29
Map
$99,999
●
Land -
For Sale
116 N 4th
Banning, CA 92220
Studio
0 Bath
$492
Est. Monthly
About This Property
Prime corner-lot opportunity near Downtown Banning! Located just
off Hay Street and only one block from Ramsey Street, one of
Banning's main thoroughfares, this property offers excellent
visibility and convenient access to shopping, dining, restaurants,
and other local amenities. You're also just minutes from the I-10
Freeway, making it easy to connect throughout the Inland Empire and
surrounding areas. Add in the beautiful mountain views and this
becomes a unique opportunity for an owner, investor, or developer.
Zoned C2, the lot offers a variety of potential uses, whether
you're looking to build a home, retail space, office, or other
business use, subject to city approval and zoning requirements.
Water, sewer, and electric utilities are available at or along the
street, helping make future development even more convenient. Buyer
to verify utility availability, connection requirements, zoning,
and permitted uses with the appropriate city and utility providers.
Great location, strong accessibility, mountain views, nearby
utilities, and tons of potential all just minutes from Downtown
Banning.
Unit Size
-
Days on Market
22 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1927
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 21 days ago (CRMLS #SW26214193)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2026 | Listed by Real Brokerage Technologies | $99,999 | |
| Listed by Real Brokerage Technologies | |||
Property Highlights
Exterior Details
Lot Features: Corner Lot
Lot Size Area: 5663
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Tax Lot: 10
Water Source: None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Downtown Banning
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Listed by: Jonathan Hernandez, Real Brokerage Technologies
Last Updated: 21 days ago
Data Source: CRMLS, MLS# SW26214193
Last Updated: 21 days ago
Data Source: CRMLS, MLS# SW26214193
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