Lake-View Deck Mixed-Use
For Sale
$399,900
14465 Lakeshore, Clearlake, CA 95422
COMMERCIAL - Craftsman - Clearlake, CA
Property Size1,538 SF
Lot Size0.27 Acres
Price / SF$260.01
Days on Market57
Property Features for 14465 Lakeshore
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Kitchen, Bathroom 3, Bathroom 1, Bathroom 2, Laundry Room, Bedroom 1
Parking features
Driveway
Patio and Porch features
Deck
Lot features
0-1 Unit/ Acre, Sloped Down
View
Lake
Elementary school district
Konocti Unified
Middle school district
Konocti Unified
High school district
Konocti Unified
Directions
lakeshore cross street of Mullen
Subdivision
LCCLE - Clearlake East
Standard status
Active
APN
040101260000
Size
1,538 SF
Lot size
0.27 Acres
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
deck
laundry area
Building Details
Year built
1957
Floors in Building
2
Number of units
10
Building materials
Wood Siding
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
NextHome Experiences
(707) 987-2003
Listed By:
Yvette Sloan · License #01413657
(707) 355-2171
Added: Jun 13
Changed: Aug 4
Last Checked: Aug 8 at 8:06PM
MLS# LC26129436
Copyright © 2026 Lake County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use craftsman property includes a remodeled street-front storefront on the main level and two residential rental units. The commercial unit features a kitchenette with a sink and cabinets, a full bathroom, storage room, and attic storage, along with a large tile deck.
Residential units include a studio apartment with separate entry, a bedroom, kitchenette, full bathroom, dining area, and a spacious lake-view deck, plus a one-bedroom, one-bath apartment with living room, kitchen, bathroom, a downstairs bedroom, abundant storage, and a lake-view deck. A dedicated laundry area serves the residential units.
Additional features include ductless heating and ductless cooling, wood siding, and a composition roof. The property sits on a 0.27-acre lot and has public water and public sewer. Parking is available via a driveway. There is potential to develop an additional two-bedroom, two-bath unit.
Residential units include a studio apartment with separate entry, a bedroom, kitchenette, full bathroom, dining area, and a spacious lake-view deck, plus a one-bedroom, one-bath apartment with living room, kitchen, bathroom, a downstairs bedroom, abundant storage, and a lake-view deck. A dedicated laundry area serves the residential units.
Additional features include ductless heating and ductless cooling, wood siding, and a composition roof. The property sits on a 0.27-acre lot and has public water and public sewer. Parking is available via a driveway. There is potential to develop an additional two-bedroom, two-bath unit.
Key Highlights
- 0.27‑acre mixed‑use property built in 1957 with wood siding and a composition roof
- Remodeled main‑level storefront with kitchenette (sink and cabinets), full bath, storage, and attic storage
- Studio apartment with separate entry, bedroom, kitchenette, full bath, dining area, and spacious lake‑view deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,060
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,200
$381.2K
Cap Rate 7%
$272,286
$272.3K
Cap Rate 9%
$211,778
$211.8K
Market Conditions
NOI Build-Up for 1,538 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.4K $18.48/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$27.2K $17.70/SF
− OpEx
−$8.2K −$5.31/SF
NOI
$19.1K $12.39/SF
Area
Lake County, CA
Vacancy
4.20%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,200
Cap Rate 7%
$272,286
Cap Rate 9%
$211,778
Alternative Uses
Best Use
Retail
$272.3K
$238.3K – $317.7K
NOI $19,060 @ 7.0% cap · market cap 4.77%
Second Best
Mixed Use
$217.5K
$190.3K – $253.8K
NOI $15,226 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$617.3K
$540.1K – $720.2K
NOI $43,210 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 95422, CA
17,017
Population
7,890
Households
2.2
Avg Household Size
38
Median Age
8%
College-Educated
80%
High-School Grad
26.9 sq mi
ZIP Area
633
Density / Sq Mi
$42,080
Median Household Income
$28,945
Median Earnings
$1,162
Median Rent
$206,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with a remodeled storefront plus studio and one-bedroom apartments, each with lake-view decks.
Where is this mixed-use property located?
The property is located at 14465 Lakeshore Clearlake, CA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 0.27‑acre mixed‑use property built in 1957 with wood siding and a composition roof; Remodeled main‑level storefront with kitchenette (sink and cabinets), full bath, storage, and attic storage; Studio apartment with separate entry, bedroom, kitchenette, full bath, dining area, and spacious lake‑view deck
