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Property profile & analytics
OFF-MARKET
Estimated value
$4,180,000
Retail space
11840 Artesia Blvd Artesia, CA 90701-4003
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6449544
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
WOOD
Total area
8,460 SF
Lot
0.56 ac (24,340 SF)
Zoning code
ATCG*
APN
7033-005-013
UPID
US09-6449544
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
-
DULCERIA ARTESIA Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.12M
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$4.18M
Owner & transaction history
Artesia Pioneer LLC · 5 yrs held
Artesia Pioneer LLC
since 2021
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
ATCG* · Artesia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+42.4%
Neighborhood: shopping center
$5.2M
+33.1%
Auto repair, garage
$3.9M
+1.2%
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 Artesia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Artesia 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
$4,190,000
ML approach
$4,120,000
CAP Approach
CAP Return
Estimation
6%
$3,120,000
6.5%
$2,880,000
7%
$2,675,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,870,000
Current use
RESTAURANT
$5,510,000
Change: +42% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,150,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,915,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$3,845,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$3,795,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$4.18M
Range $3.76M – $4.60M · ±10% · vs last sale $4.20M (Feb 23 2021)
Last sale anchor
$4.20M
Feb 23 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
$494 / 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
$26,877
Tax year 2024
Assessed value
$2,111,803
Assessed 2024
Previous assessed
$2,111,803
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,697,932
Assessed improvement
$413,871
Applied tax rate
13.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Total area
8,460 SF
Lot
0.56 ac (24,340 SF)
Zoning code
ATCG*
APN
7033-005-013
UPID
US09-6449544
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ATCG* · Artesia, CA
Zoning ATCG* · permitted uses
ATCG* · Artesia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Artesia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
RESTAURANT
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.8M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1962
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Lot
0.56 ac
Current owner
From public records · entity-resolved
Artesia Pioneer LLC
Entity
Mailing address
117 E LAS TUNAS DR, SAN GABRIEL, CA 91776-1401
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
—
Artesia Pioneer LLC
—
Deed
related
$1,360,000 · First Citizens Bank & Trust Co
Feb 23, 2021
$4,200,000
Artesia Pioneer LLC
Janice E Golden
Grant Deed
$2,800,000 · East West Bank
Apr 1, 2003
—
Prescott,tr
Prescott,donald J & Juanita E
Quit Claim Deed
related
—
May 17, 1988
—
Donald Prescott
—
Deed Of Trust
related
$200,000 · Bank Of America
May 25, 1964
—
Donald J Prescott
—
Grant Deed
related
—
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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