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

    18715 Corby Ave Artesia, CA 90701

    • Manufacturing properties
    • 2,850 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Dec 12, 2023
    $1,050,010
    Value Estimations
    $1,040,000
    Show details
    Cap Rate Potential
    3.5%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-7602579
    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

    • Manufacturing properties

    Property Details for 18715 Corby Ave

    Year built
    1953
    Lot size
    0.25 lot acres
    Property size
    2,850 SF
    Zone code
    ATM1*
    Property type
    Manufacturing properties
    APN
    7039-015-007
    APU
    7039015007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $960,000
      ML approach
      $1,045,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,021,000
      Market price range: $586k - $1.02M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $780,000
      Current use
      AUTO REPAIR, GARAGE
      $1,320,000
      Change: +69% Conversion: Easy
      RETAIL STORES
      $1,305,000
      Change: +67% Conversion: Moderate
      MEDICAL BUILDING
      $1,295,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $1,280,000
      Change: +64% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $880,000
      Change: +13% Conversion: Difficult
      WAREHOUSE, STORAGE
      $850,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Los Angeles
    State
    California
    Longitude
    -118.084
    Latitude
    33.861
    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
    $13,276
    $775,000
    $275,000
    $1,050,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      View Details
    • Value Estimation
      $755,000
      5,090 SF

      17117 Roseton Ave

      MANUFACTURING (LIGHT) • 5,090 SF
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    • Value Estimation
      $945,000
      4,844 SF

      11700 166th St

      MANUFACTURING (LIGHT) • 4,844 SF
      11700 166th St, Artesia, CA 90701-1723
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    • Value Estimation
      $1,590,000
      3,600 SF

      17311 Roseton Ave

      MANUFACTURING (LIGHT) • 3,600 SF
      17311 Roseton Ave, Artesia, CA 90701-2647
      View Details
    • Value Estimation by Request
      3,805 SF

      11730 166th St

      MANUFACTURING (LIGHT) • 3,805 SF
      11730 166th St, Artesia, CA 90701-1723
      View Details
    • Value Estimation
      $1,100,000
      5,860 SF

      17107 Roseton Ave

      MANUFACTURING (LIGHT) • 5,860 SF
      17107 Roseton Ave, Artesia, CA 90701-2643
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,192 SF

      Office and Warehouse For Sale

      Office and warehouse property suitable for contractors or hobbyists.
      17026 Roseton Ave, Artesia, CA 90701
      View Details
    • $450,000
      5,265.00 Acres

      Industrial Land in Artesia, CA

      5,265 SF industrial-zoned land ideal for manufacturing, warehousing, or distribution.
      11818 167Th St, Artesia, CA 90701
      View Details
    • Contact for pricing
      6,840 SF

      Artesia Warehouse with Yard

      Warehouse with yard, gated, and access to major freeways.
      17128 Roseton Ave, Artesia, CA 90701
      View Details
    • $4,394,000
      13,502 SF

      Freestanding Building with Fenced Yard

      Freestanding building with large fenced concrete yard and freeway access.
      17120 Alburtis Ave, Artesia, CA 90701
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      New Raising Cane's Near Mall

      Brand new Raising Cane's located across from Los Cerritos Mall.
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      Artesia Office Building - Great Investment

      Three-unit office suite, high ROI potential.
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    Similar Nearby for Lease

    • Contact for pricing
      15,208 SF

      Industrial Property Near Retail Amenities

      Industrial property with upgraded office space and excellent freeway access.
      18732 Corby Ave, Artesia, CA 90701
      View Details
    • $1.38 SF/Yr
      53,360 SF

      Freeway Accessible Industrial Warehouse Space

      Functional warehouse with immediate freeway access and loading options.
      17105 Jersey Ave, Artesia, CA 90701
      View Details
    • Contact for pricing
      30,062 SF

      Freeway Frontage Warehouse Space

      Warehouse with excellent freeway access and functional office space.
      17105-17115 Jersey Ave, Artesia, CA 90701
      View Details
    • Contact for pricing

      Restaurant/Event Center Ready For Lease

      Restaurant and event center available for lease.
      17720 Pioneer Blvd, Artesia, CA 90701
      View Details
    • Contact for pricing

      Retail and Restaurant Space Available

      Restaurant and retail spaces for lease in a popular neighborhood.
      17901 Pioneer Blvd, Artesia, CA 90701
      View Details
    • Contact for pricing
      1,039 SF

      Retail Space on Pioneer Blvd

      Retail space available for lease on Pioneer Boulevard.
      18120-18156 Pioneer Blvd, Artesia, CA 90701
      View Details
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    18715 Corby Ave
    Artesia, CA 90701
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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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