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    603 East University Dr Carson, CA 90746
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    Property profile & analytics

    603 East University Dr, Carson, CA 90746

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    • Retail space
    • 4,500 SF
    • 0.38 lot acres
    For Lease
    $885,000
    View Listing →
    Retail Space in Carson For Lease
    $885,000

    Retail Space in Carson

    Inline retail space available in a vibrant neighborhood.

    603 East University Drive, Carson, CA 90746
    View Listing
    Property ID
    US09-7377350
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 603 East University Dr

    Year built
    1991
    Construction
    TILT-UP CONCRETE
    Lot size
    0.38 lot acres
    Zone code
    CACN*
    Property type
    Retail space
    APN
    7319-036-003
    APU
    7319036003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 11, 2024 — Bhullar Properties LLC — Deed · related $12.8M · Lone Oak Fund LLC
    Jan 23, 2004 — Bhullar Properties LLC Crown Life Insurance Grant Deed $6.2M · First Bank Beverly Hills
    Oct 6, 1995 — Crown Life Insurance Co — Deed Of Trust · related —
    — — Carson Plaza Ltd — Deed Of Trust · related $5.5M · Crown Life Insurance
    — — Carson Plaza Ltd — Deed Of Trust · related $375k · South Coast Thrift & Loan
    — — Bhullar Properties LLC — Deed Of Trust · related $9.4M · Pff Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,235,000
      6.5%
      $1,140,000
      7%
      $1,060,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $626,000
      Market price range: $279k - $889k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,265,000
      Current use
      AUTO REPAIR, GARAGE
      $1,425,000
      Change: +13% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,250,000
      Change: -1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,080,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Carson
    County
    Los Angeles
    State
    California
    Longitude
    -118.266
    Latitude
    33.8585
    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
    $13,029
    $696,951
    $278,773
    $975,724
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $710,000
      2,816 SF

      300 Victoria St

      RETAIL STORES (PERSONAL SERVICES)
      300 Victoria St, Carson, CA 90746
      View Details
    • Value Estimation
      $1,910,000
      6,190 SF

      20820 Avalon Blvd

      RETAIL STORES (PERSONAL SERVICES)
      20820 Avalon Blvd, Carson, CA 90746-3300
      View Details
    • Value Estimation
      $1,895,000
      12,928 SF

      17531 Central Ave

      RETAIL STORES (PERSONAL SERVICES)
      17531 Central Ave, Carson, CA 90746-1669
      View Details
    • Value Estimation
      $2,115,000
      8,923 SF

      17920 Avalon Blvd

      RETAIL STORES (PERSONAL SERVICES)
      17920 Avalon Blvd, Carson, CA 90746-1501
      View Details
    • Value Estimation
      $2,580,000
      14,200 SF

      20930 Bonita St

      RETAIL STORES (PERSONAL SERVICES)
      20930 Bonita St, Carson, CA 90746-3680
      View Details
    • Value Estimation
      $1,520,000
      6,317 SF

      20810 Avalon Blvd

      RETAIL STORES (PERSONAL SERVICES)
      20810 Avalon Blvd, Carson, CA 90746-3316
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Super Regional Shopping Center For Sale

      97% leased, 1,000,000 SF shopping center in Carson, California.
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      35,186 SF

      Carson Industrial Property For Sale

      35,186 SqFt industrial property available in Carson, CA.
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    • Contact for pricing
      6,598 SF

      6,598 SF Warehouse For Rent

      Warehouse with office and shop space, quick freeway access.
      701-717 E Gardena Blvd, Carson, CA 90746
      View Details
    • Contact for pricing
      9,265 SF

      Carson Freestanding Industrial Building

      9,265 SF industrial building with convenient freeway access.
      16400 S Avalon Blvd, Carson, CA 90746
      View Details
    • $425,000

      Mrs. Fields Cookies - Carson, CA

      Established Business Opportunity, High Profit Potential
      20700 Avalon Blvd, Carson, CA 90746
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Carson

      Inline retail space available in a vibrant neighborhood.
      603 East University Dr, Carson, CA 90746
      View Details
    • $3 SF/Yr

      Carson Restaurant Opportunity Near Mall

      Restaurant space in Carson's prime retail area, near SouthBay Pavilion.
      880 E Dominguez St, Carson, CA 90746
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Carson, California.
      20700 Avalon Blvd, Carson, CA 90746
      View Details
    • Contact for pricing

      Retail Spaces Anchored by Walmart

      Multiple retail spaces available for lease, anchored by Walmart.
      20220 Avalon Blvd, Carson, CA 90746
      View Details
    • $48 SF/Yr

      FedEx Center

      20820 Avalon Blvd • FedEx Center
      20820 Avalon Blvd, Carson, CA 90746
      View Details
    View Listing
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    Carson, CA 90746
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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.

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