Leased Retail and Office
For Sale
Contact for pricing
18012 PIONEER BLVD., Artesia, CA 90701
Fully leased month-to-month tenancy offers immediate income continuity for a retail and office buyer.
Property Size4,263 SF
Price / SF$445.70
Days on Market65
Property Features for 18012 PIONEER BLVD.
General Information
Standard status
Active
Size
4,263 SF
Property subtype
Retail, Office
Building Details
Year Built
1959
Listing Agency:
ACE Realty
(562) 924-1411
Listed By:
Bryan Sung · License #00471789
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 10 at 6:48AM
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 ACE Realty
Investment Insights
Based on property information with market context.
This offering is a retail and office unit property that is 100% leased, with tenants operating on month-to-month arrangements. The property is presented for sale as a turn-key income-oriented asset, with occupancy already in place.
The asset is located at 18012 Pioneer Blvd., Artesia, CA 90701. The listing information supports ongoing operations under the current tenancy structure, which can simplify near-term ownership transition for an investor or owner-operator.
For buyers seeking a maintained, currently occupied commercial property, the month-to-month tenant profile may offer flexibility while still maintaining full occupancy. The mix of office and retail unit types can also be relevant for buyers interested in a combined commercial use profile under a single ownership structure.
The asset is located at 18012 Pioneer Blvd., Artesia, CA 90701. The listing information supports ongoing operations under the current tenancy structure, which can simplify near-term ownership transition for an investor or owner-operator.
For buyers seeking a maintained, currently occupied commercial property, the month-to-month tenant profile may offer flexibility while still maintaining full occupancy. The mix of office and retail unit types can also be relevant for buyers interested in a combined commercial use profile under a single ownership structure.
Key Highlights
- Year built: 1959
- 100% leased with month‑to‑month tenancy
- Current leasing structure provides immediate income continuity for a retail and office buyer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,886,340
$1.9M
Cap Rate 7%
$1,347,386
$1.3M
Cap Rate 9%
$1,047,967
$1.0M
Market Conditions
NOI Build-Up for 4,263 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$144.3K $33.84/SF
− Vacancy
−$9.5K −$2.23/SF
EGI
$134.7K $31.61/SF
− OpEx
−$40.4K −$9.48/SF
NOI
$94.3K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,886,340
Cap Rate 7%
$1,347,386
Cap Rate 9%
$1,047,967
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,317 @ 7.0% cap · market cap 4.96%
Second Best
Office B
$1.33M
$1.16M – $1.55M
NOI $93,186 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,768 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 90701, CA
16,434
Population
4,657
Households
3.5
Avg Household Size
41
Median Age
32%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
10,271
Density / Sq Mi
$97,712
Median Household Income
$37,448
Median Earnings
$2,276
Median Rent
$763,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully leased month-to-month tenancy offers immediate income continuity for a retail and office buyer.
Where is this office units located?
The property is located at 18012 PIONEER BLVD. Artesia, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Year built: 1959; 100% leased with month‑to‑month tenancy; Current leasing structure provides immediate income continuity for a retail and office buyer
