Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    21265 Bush Street Middletown, CA 95461

    View on Map
    Claim this Listing
    For Sale
    $130,000

    Land/Lot - Middletown, CA

    Lot size:
    25,700.00 Acres
    Added:
    Jan 15, 2025
    Days on Market:
    477
    Last Refresh:
    May 7 at 10:06 pm

    Property Features for 21265 Bush Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R3
    Exterior features
    Fence, Community Features Included: Biking, Blm/National Forest, Fishing, Hiking, Park, Rural
    Fencing
    Fenced
    Standard status
    Active
    APN
    024404120000
    Lot size
    25,700.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kathey Crothers

    Listing agent Kathey Crothers License #02126717

    Listing office Century 21 Epic 18983 Hartmann Road, Yuba City, CA

    Listing date Jan 15, 2025

    MLS# LC25007457 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • R3 Zoning allows for multi‑family or apartment development.
    • Prime development opportunity in downtown Middletown.
    • Water meter is already in place and paid for.
    • Opportunity to combine with adjacent parcel (21255 Bush St., APN: 024‑404‑100) for increased development potential.
    • Located in a thriving and highly desirable area of South Lake County.
    • Community features include biking, BLM/National Forest access, fishing, hiking, and parks.

    Overview

    Middletown Land Development Opportunity

    This property presents a development opportunity in downtown Middletown, South Lake County. Zoned R3, the parcel allows for multi-family or apartment development. A water meter is already in place and paid for. The property offers the opportunity to combine with the adjacent parcel at 21255 Bush St. (APN: 024-404-100), also zoned R3, for increased space and development potential. With R3 zoning, multiple units, an apartment complex, or other housing solutions can be created. The lot size is approximately 0.59 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Spa & Massage Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Lake
    State
    California
    Longitude
    -122.598
    Latitude
    38.7763

    Nearby Similar for Sale

    • $795,000
      3,320 SF

      Remodeled Fourplex in Middletown

      Fully rented, remodeled four-unit property near downtown Middletown.
      15692 Armstrong, Middletown, CA 95461
      View Details
    • $34,500

      Middletown Land with Forest Ambiance

      Two parcels totaling nearly 3/4 acre in private, secluded location.
      17325 Fernbrook, Middletown, CA 95461
      View Details
    • $1,200,000

      Guenoc Valley Agricultural Land

      108+ acre agricultural land with well, tanks, and irrigation.
      19755 Grange, Middletown, CA 95461
      View Details
    • $649,000
      2,490 SF

      Creekside Home with Income Potential

      Acre-plus property with main home and three cabins.
      24019 Hilderbrand Drive, Middletown, CA 95461
      View Details
    • $875,000
      13,000 SF

      Middletown Commercial Property on Main

      Prime commercial real estate with boundless potential on main street.
      21130 Calistoga Road, Middletown, CA 95461
      View Details
    • $300,000

      Middletown Acreage with Building Sites

      40-acre parcel near Middletown with utilities and building sites.
      19576 State Highway 175, Middletown, CA 95461
      View Details
    • $425,000
      2,000 SF

      Middletown Mixed-Use Opportunity

      Multi-use building in the heart of Middletown with traffic exposure.
      21456 Highway 175, Middletown, CA 95461
      View Details
    • $779,000

      Expansive Land with Scenic Views

      160-acre property with ranch home, workshops, and family cabin.
      19665 Oat Hill Road, Middletown, CA 95461
      View Details
    • $250,000

      100-Acre Parcel near Knoxville Wildlife

      100-acre parcel ideal for recreation, off-grid living, investment.
      27697 Morgan Valley Road, Middletown, CA 95461
      View Details
    • $450,000

      Highway Frontage Commercial Land Opportunity

      Commercial land for sale with highway frontage and C1 zoning.
      20900 S State Highway 29, Middletown, CA 95461
      View Details
    • $300,000

      Middletown Acreage with Building Sites

      40-acre parcel near Middletown with utilities and building sites.
      19576 State Highway 175, Middletown, CA 95461
      View Details
    • $1,290,000

      Multifamily

      15801 Wardlaw St, Middletown, CA 95461
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - R3 zoned land in downtown Middletown with water meter.
    Where is this residential land & home lot located?
    The property is located at 21265 Bush Street Middletown, CA.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: R3 Zoning allows for multi‑family or apartment development.; Prime development opportunity in downtown Middletown.; Water meter is already in place and paid for.
    (707) 355-0393
    We can help!
    Listing Contact
    Kathey Crothers
    Real Estate License ID: 02126717
    Learn More
    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.
    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

    Thank You for Inquiry
    21265 Bush Street, Middletown, CA 95461
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!