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

    20680-20696 Carrey Rd Walnut, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2.00 SF/Yr

    Office space featuring open floor plan and multiple rooms.

    Type:OFFICE
    Property size:
    1,750 SF
    Lot size:
    1.64 Acres
    Added:
    Apr 5, 2024
    Days on Market:
    727
    Last Refresh:
    Mar 29 at 8:43 pm

    Property Features for 20680-20696 Carrey Rd

    General Information

    Standard status
    Active
    Size
    1,750 SF
    Lot size
    1.64 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 20680-20696 Carrey Rd Contact us

    We can help!

    Listing Contact
    Matthew Eddy
    Matthew Eddy

    Listing agent Matthew Eddy License #01844956

    Listing office Lee & Associates

    Listing date Apr 5, 2024

    Source Moodyscre

    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 Lee & Associates

    Overview

    Office Space with Open Floorplan

    This commercial property offers office spaces with varying layouts. One space features a restroom and an open floor plan. The second-floor space includes a restroom, two office rooms, and an open area. The property provides trash and water services. The property size is 1750 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Walnut
    County
    Los Angeles
    State
    California
    Longitude
    -117.854
    Latitude
    34.0161

    Nearby Similar for Lease

    • Contact for pricing

      Walnut Office Space For Lease

      Office space available for lease in Walnut, California.
      20199 Valley, Walnut, CA 91789
      View Details
    • $1.70/mo

      Harrison Avenue Warehouse Space Available

      Warehouse space with loading docks and office available for lease.
      19953 Harrison Ave, Walnut, CA 91789
      View Details
    • $2.00/mo

      Walnut Office Space For Rent

      Office space available for lease in Walnut, California.
      20690 Carrey Road, Walnut, CA 91789
      View Details
    • $1.65/mo

      Walnut Warehouse with Office Space

      Industrial warehouse featuring office space, dock, and ground loading.
      19941 Harrison Ave, Walnut, CA 91789
      View Details
    • $1.65/mo

      Industrial Warehouse Space Available

      Warehouse space featuring dock high loading and office area.
      20531 E Walnut Dr N, Walnut, CA 91789
      View Details
    • $1.90/mo

      Industrial Space with Heavy Power

      Industrial property featuring heavy power and convenient loading access.
      323 - 327 Paseo Tesoro, Walnut, CA 91789
      View Details
    • $1.99/mo

      High Image Business Park Space

      Flex space with office and warehouse components in Walnut, CA.
      20545 E Walnut Dr N, Walnut, CA 91789
      View Details
    • $2/mo

      Walnut Office Space Available

      998 SF office space in professional business park.
      20547 Walnut Dr Suite H, Walnut, CA 91789
      View Details
    • $1.65/mo

      Walnut Industrial Space Available

      Industrial space for lease in professional business park environment.
      20531-20533 E Walnut Dr N, Walnut, CA 91789
      View Details
    • $1.35/mo

      Freestanding Warehouse Ideal for Manufacturing

      Freestanding warehouse suitable for manufacturing and distribution with freeway access.
      131 South Brea Canyon Road | Walnut, CA 91789, CA 91789
      View Details
    • $1.57/mo

      Walnut Warehouse with Office Space

      Industrial warehouse space featuring office and dock high loading.
      20529-20547 E Walnut Dr N, Walnut, CA
      View Details
    • $1.89/mo

      Walnut CA Office Space

      Second floor office space available for rent in Walnut, CA.
      745 - 831 S Lemon Ave, Walnut, CA 91789
      View Details

    FAQs

    What type of property is this?
    Office units - Office space featuring open floor plan and multiple rooms.
    Where is this office units located?
    The property is located at 20680-20696 Carrey Rd Walnut, CA.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Open floor plan on both floors; Two floors of office space; Two office rooms located on the 2nd floor
    (213) 268-8922
    We can help!
    Listing Contact
    Matthew Eddy
    Matthew Eddy
    Real Estate License ID: 01844956
    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!