Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20670 Carrey Rd Walnut, CA 91789-2418

    • Office buildings
    • 3,538 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2022
    $2,650,026
    Value Estimations
    $2,445,000
    Show details
    Cap Rate Potential
    3.5%
    Office buildings
    Location Intelligence
    Property ID
    US09-9228532
    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

    • Animal Hospital of Walnut / Veterinary Clinic

    Property Details for 20670 Carrey Rd

    Year built
    1980
    Construction
    TILT-UP CONCRETE
    Lot size
    0.18 lot acres
    Property size
    3,538 SF
    Zone code
    WAM1*
    Property type
    Office buildings
    APN
    8720-025-030
    APU
    8720025030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,335,000
      ML approach
      $2,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,234,000
      Market price range: $847k - $2.62M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,585,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,155,000
      Change: +36% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,635,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $1,610,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Walnut
    County
    Los Angeles
    State
    California
    Longitude
    -117.854
    Latitude
    34.0161
    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
    $20,684
    $482,745
    $1,148,601
    $1,631,346
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,775,000
      15,326 SF

      1169 Fairway Dr

      OFFICE BUILDING • 15,326 SF
      1169 Fairway Dr, City Of Industry, CA 91789-2847
      View Details
    • Value Estimation
      $1,525,000
      7,571 SF

      20709 Golden Spgs Dr

      PROFESSIONAL BUILDING • 7,571 SF
      20709 Golden Spgs Dr, Diamond Bar, CA 91789-3847
      View Details
    • Value Estimation by Request
      2,040 SF

      680 Brea Cyn Rd Ste, Unit 188

      OFFICE BUILDING • 2,040 SF
      680 Brea Cyn Rd Ste, Diamond Bar, CA 91789-3005
      View Details
    • Value Estimation
      $935,000
      3,994 SF

      1019 Via Sorella

      OFFICE BUILDING • 3,994 SF
      1019 Via Sorella, Diamond Bar, CA 91789-3929
      View Details
    • Value Estimation
      $550,000
      2,424 SF

      20682 Carrey Rd

      OFFICE BUILDING • 2,424 SF
      20682 Carrey Rd, Walnut, CA 91789-2418
      View Details
    • Value Estimation by Request
      800 SF

      3869 Vly Blvd

      OFFICE BUILDING • 800 SF
      3869 Vly Blvd, Walnut, CA 91789-1516
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,905 SF

      Retail and Office Center

      Retail and office spaces available in Walnut West Plaza.
      18800 Amar Rd, Walnut, CA 91789
      View Details
    • Contact for pricing
      940 SF

      Walnut Office Space - Prime Location

      940 sq ft Office, Excellent Visibility
      20373 Blvd, Walnut, CA 91789
      View Details
    • $4,279,000
      41,698.00 Acres

      Walnut, CA Land For Sale

      Commercial land available in Walnut, California.
      424 S Lemon Ave, Walnut, CA 91789
      View Details
    • Contact for pricing
      900 SF

      19861 Blvd, Walnut, CA 91789

      Mixed-use properties • 900 SF
      19861 Blvd, Walnut, CA 91789
      View Details
    • $699,000

      Land For Sale

      Land available for sale.
      387 Bourdet St, Walnut, CA 91789
      View Details
    • $138,000
      3,546 SF

      Established Restaurant in Diamond Bar

      Turn-key Thai restaurant in a high-traffic Diamond Bar location.
      Golden Springs Dr, Walnut, CA 91789
      View Details

    Similar Nearby for Lease

    • $1.89 SF/Yr

      Walnut CA Office Space

      Second floor office space available for rent in Walnut, CA.
      745 S Lemon Ave, Walnut, CA 91789
      View Details
    • $2 SF/Yr

      Walnut Office Space Available

      998 SF office space in professional business park.
      20547 Walnut Dr, Walnut, CA 91789
      View Details
    • $1.99 SF/Yr

      High Image Business Park Space

      Flex space with office and warehouse components in Walnut, CA.
      20545 E Walnut Dr N, Walnut, CA 91789
      View Details
    • $1.99 SF/Yr
      1,095 SF

      First Floor Office Space

      Office space available for rent on the first floor.
      745-831 S Lemon Ave, Walnut, CA 91789
      View Details
    • $2.00 SF/Yr

      Walnut Office Space For Rent

      Office space available for lease in Walnut, California.
      20690 Carrey Rd, Walnut, CA 91789
      View Details
    • $955 /Mo
      5,444 SF

      Walnut Office Space For Lease

      Office space available for lease in Walnut, California.
      20199 Valley Blvd, Walnut, CA 91789
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20670 Carrey Rd
    Walnut, CA 91789-2418
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!