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    18732 Corby Ave Artesia, CA 90701-5624
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    Property profile & analytics

    18732 Corby Ave, Artesia, CA 90701-5624

    View on Map
    • Warehouses
    • 15,208 SF
    • 0.56 lot acres
    Off-Market
    Last Sale May 21, 2021
    $3,220,032
    Property ID
    US09-6407229
    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.
    Value Estimations
    $3,400,000
    Show details
    Cap Rate Potential
    5.2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • SoCal Safety Supplies / Big Box & Wholesale Store
    • Roneka L Taylor: Primerica - Financial Services / Financial Advisor
    • Keeshawn Randall Andrew: Primerica - Financial Services / Financial Advisor
    • Tonia Poe: Primerica - Financial Services / Financial Advisor

    Property Details for 18732 Corby Ave

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    0.56 lot acres
    Zone code
    ATM1*
    Property type
    Warehouses
    APN
    7039-012-013
    APU
    7039012013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 16, 2021 — Brad Byungsik Park — Deed · related $1M · Commonwealth Business Bank
    May 21, 2021 $3,220,000 Brad Byungski Park & Helen Heeja Pa Royal Tulip Investments LLC Grant Deed —
    Jan 28, 2021 — Royal Tulip Investment LLC — Deed · related $1.3M · East West Bank
    Apr 19, 2017 $2,100,000 Royal Tulip Investment LLC Jean F Troyer Grant Deed $1.5M · First Citizens Bank & Trust Co
    Feb 16, 2017 — Jean F Troyer Troyer,dale V Affidavit Of Death · related —
    Jan 4, 2007 — Troyer Fam Living 2006 Trust Troyer,d Virgil Quit Claim Deed · related —
    — — Noboru K Kiyan — Deed Of Trust · related $50k · Sumitomo Bank

    Description

    This exceptional 8,600-square-foot warehouse in Artesia, California, presents a fantastic opportunity for businesses seeking versatile industrial space. Located at 18732 Corby Ave, 90701, within Los Angeles County, this property offers a single, contiguous space within a larger 15,208-square-foot building. The warehouse boasts a 16-foot ceiling height, providing ample vertical storage capacity. One drive-in bay ensures efficient loading and unloading, complemented by ample parking and secure storage options. The space includes a functional office area, shower facilities, and central air conditioning, enhancing employee comfort and productivity. The property's excellent condition is further emphasized by readily available power. The warehouse is ideally suited for various uses, including storage, manufacturing, or distribution, and benefits from a substantial yard area, perfect for businesses requiring outdoor space. This is a multi-tenant building, with the available space representing a significant portion of the total building square footage. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,835,000
      ML approach
      $3,685,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,300,000
      6.5%
      $3,045,000
      7%
      $2,825,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,540,000
      Current use
      COMMERCIAL (GENERAL)
      $4,700,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Los Angeles
    State
    California
    Longitude
    -118.083
    Latitude
    33.8605
    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
    $42,607
    $1,910,174
    $1,506,915
    $3,417,089
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      WAREHOUSE, STORAGE
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      17004 Alburtis Ave

      WAREHOUSE, STORAGE
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    • Value Estimation
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      12,060 SF

      12027 170th St

      WAREHOUSE, STORAGE
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      View Details

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      View Details
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      Five-unit retail strip center with high traffic and visibility.
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      5,200,000 SF

      Industrial Property with Gated Yard

      Industrial property featuring upgraded office space, kitchen, and gated yard.
      18732 Corby Ave, Artesia, CA 90701
      View Details
    • $2 SF/Yr

      Commercial Space For Rent

      Commercial space available for rent, divisible to ±3,056 SF.
      11840 Artesia 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
      2,144 SF

      Retail Space on Pioneer Boulevard

      Retail space available for lease in Cerritos, California.
      18821 Pioneer Blvd, Cerritos, CA 90701
      View Details
    • Contact for pricing
      Pending

      Restaurant/Event Center Ready For Lease

      Restaurant and event center available for lease.
      17720 Pioneer Blvd, Artesia, CA 90701
      View Details
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    Artesia, CA 90701-5624
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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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    18732 Corby Ave, Artesia, CA, 90701
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