Entity Owned 
For Sale
1 / 6
$10,100,000
18600 Gridley Rd, Artesia, CA 90701
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Property summary
AI-generated overview
This exceptional investment opportunity presents a brand-new, 3,207 square foot Raising Cane's restaurant in Artesia, California. Located directly across from the 1.4 million square foot Los Cerritos Mall, this property benefits from a high-traffic, affluent area with average household incomes exceeding $117,000 within a 3-mile radius. The property features a 15-year NNN lease (commencing May 16, 2023, and expiring May 16, 2038), offering a remaining lease term of 13.5 years and a 4.25% cap rate. The strong financial performance of Raising Cane's, a top operator in the quick-service restaurant sector, ensures long-term stability and reliable cash flow for the investor. With a 100% occupancy rate and a Net Operating Income (NOI) of $455,000, this single-tenant property offers a passive investment opportunity with no landlord responsibilities. The property sits on a 1.36-acre lot (APN: 70390080370) and is zoned ATCG. Built in 2024, this is a truly turnkey investment in a prime Los Angeles County location, offering significant upside potential. The asking price is $10,705,000, translating to a price per square foot of $3,338.01. This represents a rare opportunity to acquire a best-in-class, single-tenant property in a highly desirable, infill location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
TILT-UP CONCRETE
Total area
17,216 SF
Lot
1.36 ac (59,381 SF)
Zoning code
ATCG*
APN
7039-008-037
UPID
US09-8581711
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant Take-out & Catering
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.86M
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$5.00M
Owner & transaction history
since 2016
4 recorded transactions
Zoning & alternative use
ATCG* · Artesia, CA
Top alternative use upside
Auto repair, garage
$8.0M
+1.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 15 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$5.00M
Value range
$4.50M – $5.49M
±10% around blend
Estimated value / SF
$290 / SF
Confidence
High
15 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$4.50M
blend $5.00M
$5.49M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,216 SF
Lot area
1.36 ac
Year built
1975
Stories
1
APN
7039-008-037
Zoning
ATCG*
Assessed value
$6,731,393
Annual tax
$81,996
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.86M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.35M
@ 6.5% CAP return
$5.86M
@ 7% CAP return
$5.44M
4
Sales comparison
Partial preview
Sales approach indication
$4.27M
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.3 mi away · 13,408 SF
9.9 mi away · 14,220 SF
10.8 mi away · 17,401 SF
11.8 mi away · 15,000 SF
13.7 mi away · 19,456 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$457
-37%
Submarket 25 sales
$441
-34%
County 3566 sales
$383
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $290/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+1%
vs current-use indication
Retail Stores · current use
Medical Building
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.73M
Move the market yield to see immediate price impact.
Value / SF
$391
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$424k
$8.48M
$6.06M
$4.71M
$471k
$9.42M
$6.73M
$5.24M
$518k
$10.37M
$7.40M
$5.76M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$8.50M
0.2 mi · Mar 2026 · $384/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$81,996
Tax year 2024
Assessed value
$6,731,393
Assessed 2024
Previous assessed
$6,731,393
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,222,634
Assessed improvement
$1,508,759
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
17,216 SF
Lot
1.36 ac (59,381 SF)
Zoning code
ATCG*
APN
7039-008-037
UPID
US09-8581711
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ATCG* · Artesia, CAZoning ATCG* · permitted uses
ATCG* · Artesia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ATCG*
Jurisdiction
Artesia, CA
Recorded code
ATCG*
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ATCG* in Artesia, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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