Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land in Clearlake Title is generated by Realmo AI

    3516 Cypress Street, Clearlake, CA 95422

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Commercial Sale - Clearlake, CA

    Lot size:
    0.16 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    200
    Last Refresh:
    May 24 at 3:06 pm

    Property Features for 3516 Cypress Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    039173490000
    Lot size
    0.16 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Spencer

    Listing agent Jessica Spencer License #02021763

    Listing office Century 21 Epic-Clearlake 14330 Lakeshore Dr, Yuba City, CA

    Listing date Nov 5, 2025

    MLS# LC25254499 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

    • Prime commercial vacant land in a high‑traffic shopping district.
    • Excellent exposure and heavy foot traffic due to its corner lot location at Olympic Drive and Cypress Street.
    • Zoning C allows for retail, dining, office space, or mixed‑use development.
    • Surrounded by established businesses such as Safeway, Dollar Tree, and Grocery Outlet.
    • Easy access to major roads.
    • Sewer and water utilities are nearby.

    Overview

    This commercial land is located at the corner of Olympic Drive and Cypress Street in Clearlake, CA, within a shopping and business district. The lot size is approximately 0.16 acres. The property is zoned C and is suitable for retail, dining, office space, or mixed-use development. Sewer and water utilities are located nearby. Surrounding businesses include Safeway, Dollar Tree, Grocery Outlet, and USPS. As of a 2010 report, Olympic Drive had an average daily traffic count of approximately 1,200 vehicles, while Highway 53 experienced a higher average daily traffic count of about 8,100 vehicles during the same period.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearlake
    County
    Lake
    State
    California
    Longitude
    -122.637794
    Latitude
    38.961674

    Nearby Similar for Sale

    • $595,000
      1,600 SF

      Clearlake Waterfront Restaurant & Venue

      Lakefront property with restaurant, event venue, and liquor license.
      14625 Lakeshore Drive, Clearlake, CA 95422
      View Details
    • $325,000
      2,800 SF

      Unique Geodesic Dome Office Building

      Distinctive Clearlake office space with unique architectural design.
      3610 Old Highway 53, Clearlake, CA 95422
      View Details
    • $675,000
      5,000 SF

      Clearlake Commercial Shop For Sale

      5,000 SF commercial shop in Clearlake, CA for sale.
      4314 Old Highway 53, Clearlake, CA 95422
      View Details
    • $295,000
      3,700 SF

      Updated Office Building on Lakeshore

      3,700 sq ft office building in prime Clearlake location.
      14092 Lakeshore Drive, Clearlake, CA 95422
      View Details
    • $144,900

      Turnkey Drive-Thru Coffee Shop Opportunity

      Drive-thru coffee shop on main road near future baseball fields.
      14760 Olympic Drive, Clearlake, CA 95422
      View Details
    • $325,000
      2,800 SF

      Unique Geodesic Dome Office Space

      Distinctive Clearlake office building designed by Buckminster Fuller.
      3610 Old Highway 53, Clearlake, CA 95422
      View Details
    • $675,000
      5,000 SF

      Clearlake Commercial Shop For Sale

      5,000 Sq Ft shop in prime Clearlake location.
      4314 Old Highway 53, Clearlake, CA 95422
      View Details
    • $449,000
      2,200 SF

      Well-Maintained Clearlake Triplex For Sale

      Updated three-unit property with stable rental income in Clearlake, CA.
      14840 Valley, Clearlake, CA 95422
      View Details
    • $198,000
      1,536 SF

      Clearlake Commercial Live-Work Opportunity

      Commercial building with live-work space and business potential.
      14875 Olympic Drive, Clearlake, CA 95422
      View Details
    • $55,000

      Prime Commercial Land in Clearlake

      Commercial land in a high-traffic shopping district.
      3516 Cypress, Clearlake, CA 95422
      View Details
    • $35,000

      Clearlake Vacant Lot Opportunity

      Vacant lot in Clearlake, CA, ready for development.
      4219 Sunset, Clearlake, CA 95422
      View Details
    • $35,000

      Residential Lot in Clearlake, CA

      Build-ready residential lot with utilities in place in Clearlake.
      15428 Pacific, Clearlake, CA 95422
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial vacant land in high-traffic shopping district.
    Where is this commercial land located?
    The property is located at 3516 Cypress Street Clearlake, CA.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Prime commercial vacant land in a high‑traffic shopping district.; Excellent exposure and heavy foot traffic due to its corner lot location at Olympic Drive and Cypress Street.; Zoning C allows for retail, dining, office space, or mixed‑use development.
    (707) 533-0497
    We can help!
    Listing Contact
    Jessica Spencer
    Real Estate License ID: 02021763
    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
    3516 Cypress Street, Clearlake, CA 95422
    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!