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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18502 Gridley Rd Artesia, CA 90701-5406

    • Medical offices
    • 1,623 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8581704
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Brian L. Minkus, DO / Family Practice Physician
    • Minkus Family Medicine / Family Practice Physician / Osteopath

    Property Details for 18502 Gridley Rd

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    1,623 SF
    Zone code
    ATCSP*
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    7039-008-005
    APU
    7039008005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $515,000
      6.5%
      $475,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $195,000
      Market price range: $52.7k - $348k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Los Angeles
    State
    California
    Longitude
    -118.091
    Latitude
    33.8635
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,706
    $347,766
    $136,671
    $484,437
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      5,884 SF

      17906 Pioneer Blvd

      MEDICAL BUILDING • 5,884 SF
      17906 Pioneer Blvd, Artesia, CA 90701-3972
      View Details
    • Value Estimation
      $565,000
      12,529 SF

      11423 187th St

      MEDICAL BUILDING • 12,529 SF
      11423 187th St, Artesia, CA 90701-5653
      View Details
    • Value Estimation
      $395,000
      3,757 SF

      17702 Pioneer Blvd

      MEDICAL BUILDING • 3,757 SF
      17702 Pioneer Blvd, Artesia, CA 90701-4011
      View Details
    • Value Estimation
      $915,000
      3,680 SF

      19038 Norwalk Blvd

      MEDICAL BUILDING • 3,680 SF
      19038 Norwalk Blvd, Artesia, CA 90701-7032
      View Details
    • Value Estimation
      $315,000
      2,026 SF

      18020 Pioneer Blvd

      MEDICAL BUILDING • 2,026 SF
      18020 Pioneer Blvd, Artesia, CA 90701-3905
      View Details
    • Value Estimation
      $410,000
      4,585 SF

      17724 Gridley Rd

      HOMES (RETIRED, NURSING) • 4,585 SF
      17724 Gridley Rd, Artesia, CA 90701-3847
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Artesia Office Space For Sale

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    • $450,000
      5,265.00 Acres

      Industrial Land in Artesia, CA

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      11818 167Th St, Artesia, CA 90701
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    Similar Nearby for Lease

    • Contact for pricing

      Versatile Commercial Space in Artesia

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    • Contact for pricing

      Versatile Commercial Space in Artesia

      2,144 sq ft space suitable for medical, educational, or specialty
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      View Details
    • $2,475 /Mo
      2,210 SF

      Freestanding Office Building in Artesia

      Well-maintained office space in a high-traffic location, ideal for professionals.
      11747 South St, Artesia, CA 90701
      View Details
    • $2 SF/Yr
      1,000 SF

      Retail or Office Sublease Space

      Sublease retail or office space available through July 31, 2027.
      17806 Pioneer Blvd, Artesia, CA 90701
      View Details
    • $1.00 SF/Yr
      4,358 SF

      Remodeled Office Suites in Artesia

      Professional office suites with communal amenities in a prime location.
      19104 Norwalk Blvd, Artesia, CA 90701
      View Details
    • $1.51 SF/Yr
      1,055 SF

      Office Space with Open Layout

      Private office with open space available for lease.
      11428 Artesia Blvd, Artesia, CA 90701
      View Details
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    18502 Gridley Rd
    Artesia, CA 90701-5406
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    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
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