Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18600 Gridley Rd. Artesia, CA 90701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Brand new Raising Cane's located across from Los Cerritos Mall.

    Type:Retail
    Added:
    Jan 27, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 5 at 11:37 pm

    Property Features for 18600 Gridley Rd.

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Bill Bauman

    Listing agent Bill Bauman License #CA RE Lic. #00969493

    Listing office Newmark

    Listing date Jan 27, 2026

    Source Nmrk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Newmark

    Overview

    New Raising Cane's Near Mall

    This property features a brand new Raising Cane’s restaurant in Artesia, situated directly across the street from the 1.4 million square foot Los Cerritos Mall. The location is in a thriving trade area, near a regional shopping center anchored by Nordstrom, Macy’s, Dick’s Sporting Goods, and Harkins Theatres. The surrounding area is an affluent submarket with average household incomes exceeding $117,000 within a 3-mile radius. The property is subject to a long term, 15 year lease with increases throughout. The location has high barriers to entry for drive-thrus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Raising Cane's Chicken ... Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Los Angeles
    State
    California
    Longitude
    -118.09
    Latitude
    33.8627

    Nearby Similar for Sale

    • $895,000
      2,182 SF

      Artesia Duplex: Vacant and Ready

      Vacant duplex in Artesia offering flexibility and long-term potential.
      18018 Jersey, Artesia, CA 90701
      View Details
    • $3,250,000
      5,000 SF

      Artesia Retail Strip Center Opportunity

      Five-unit retail strip center with high traffic and visibility.
      17326 Pioneer Boulevard, Artesia, CA 90701
      View Details
    • $525,000
      1,033 SF

      Artesia Office Space For Sale

      Combined 1,033 SF office space suitable for owner-user.
      12225 South St, Artesia, CA
      View Details
    • $4,394,000
      13,502 SF

      Freestanding Building with Fenced Yard

      Freestanding building with large fenced concrete yard and freeway access.
      17120 Alburtis Ave, Artesia, CA 90701
      View Details
    • $3,250,000
      5,000 SF

      Artesia Retail Strip Center

      Five-unit retail strip center with high traffic and visibility.
      17326 Pioneer Blvd, Artesia, CA 90701
      View Details
    • $2,225,000
      6,840 SF

      Artesia Warehouse with Yard

      Warehouse with yard, gated, and access to major freeways.
      17128 Roseton Ave, Artesia, CA
      View Details
    • $598,797

      Commercial Property for Sale

      Commercial property available for sale in Artesia, California.
      12225 South Street, Artesia, CA 90701
      View Details
    • $1,121,000
      3,192 SF

      Office and Warehouse For Sale

      Office and warehouse property suitable for contractors or hobbyists.
      17026 Roseton Ave, Artesia, CA
      View Details
    • Contact for pricing
      15,208 SF

      Industrial Property Near Retail Amenities

      Industrial property with upgraded office space and excellent freeway access.
      18732 Corby Ave, Artesia, CA
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Available For Rent

      Retail space available for rent in Artesia, California.
      18807-18809 Pioneer Blvd, Artesia, CA
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Brand new Raising Cane's located across from Los Cerritos Mall.
    Where is this drive through restaurant located?
    The property is located at 18600 Gridley Rd. Artesia, CA.
    What are key features of this property?
    This property features: Brand new Raising Cane's location across from the 1.4 million sq ft Los Cerritos Mall.; Long‑term (15 year) lease with rent increases, providing stable cash flow.; Located in a dense, affluent infill location with high barriers to entry for drive‑thrus.
    (213) 298-3593
    We can help!
    Listing Contact
    Bill Bauman
    Real Estate License ID: CA RE Lic. #00969493
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!