Waterfront Restaurant with Event
For Sale
$595,000
14625 Lakeshore Drive, Clearlake, CA 95422
Commercial Sale, Clearlake, CA
Property Size1,600 SF
Lot Size1.03 Acres
Price / SF$371.88
Days on Market110
Property Features for 14625 Lakeshore Drive
General Information
Property type
Residential
Property subtype
Retail
Parking
35
Security features
Security System
Window features
Screens
Accessibility
Accessible Approach with Ramp
Directions
Located on the South End of the Lake on Lakeshore Drive, right across from Catfish Coffee House!
Subdivision
Lake County
Standard status
Active
APN
040195050000
Lot size
1.03 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Wall Unit(s), Central Air, Ductless
Water source
Public
Amenities
private boat dock
dedicated event area
Building Details
Year built
2012
Floors in Building
1
Flooring type
Tile
Building materials
Wood
Roof type
Composition
Listing Agency:
Golden Gate Sotheby's International Realty
(707) 255-0845
Listed By:
Austin Aaron · License #02239277
(415) 384-4008
Added: May 21
Changed: Sep 3
Last Checked: Sep 7 at 8:06PM
MLS# 325067543
Copyright © 2026 Bay Area Real Estate Information Services, Inc. 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 conventional restaurant property occupies 1.03 acres along the Clearlake shoreline at 14625 Lakeshore Drive. The approximately 1,600-square-foot wood-frame building was constructed in 2012 and has updated flooring, windows, paint, and appliances. Interior features include tile flooring, baseboard and natural-gas heating, and wall-unit, ductless, and central air-conditioning systems.
The property includes a private boat dock, outdoor patio, and designated event area, with direct access to the lake. Public water and public sewer serve the site, and cable is available. Accessibility features include an approach with ramp. A Type 47 liquor license is included, subject to transfer approval, and existing permits allow late-night operations. The sale also includes the restaurant improvements and site features associated with the waterfront setting.
The property includes a private boat dock, outdoor patio, and designated event area, with direct access to the lake. Public water and public sewer serve the site, and cable is available. Accessibility features include an approach with ramp. A Type 47 liquor license is included, subject to transfer approval, and existing permits allow late-night operations. The sale also includes the restaurant improvements and site features associated with the waterfront setting.
Key Highlights
- 1.03‑acre Clearlake shoreline property at 14625 Lakeshore Drive
- Approximately 1,600‑square‑foot building constructed in 2012
- Private boat dock with direct lake access
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
$33,876
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
5.69%
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%
$677,520
$677.5K
Cap Rate 7%
$483,943
$483.9K
Cap Rate 9%
$376,400
$376.4K
Market Conditions
NOI Build-Up for 1,600 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
$48.0K $30.00/SF
− Vacancy
−$2.8K −$1.77/SF
EGI
$45.2K $28.23/SF
− OpEx
−$11.3K −$7.06/SF
NOI
$33.9K $21.17/SF
Area
Lake County, CA
Vacancy
5.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$677,520
Cap Rate 7%
$483,943
Cap Rate 9%
$376,400
Alternative Uses
Best Use
Specialty Retail
$483.9K
$423.5K – $564.6K
NOI $33,876 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
42k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 35%
Home Improvements & Furnishings 21%
Taco Bell
Dining
12,501 visits/mo
0.5 miles
Speedway
Shops & Services
10,171 visits/mo
0.4 miles
Mendo Mill & Lumber Co
Home Improvements & Furnishings
8,689 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,115 visits/mo
0.4 miles
AutoZone
Shops & Services
3,358 visits/mo
0.5 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Lakefront property includes a private boat dock, outdoor patio, and upgraded interior finishes.
Where is this conventional restaurant located?
The property is located at 14625 Lakeshore Drive Clearlake, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1.03‑acre Clearlake shoreline property at 14625 Lakeshore Drive; Approximately 1,600‑square‑foot building constructed in 2012; Private boat dock with direct lake access
