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    Lucerne Commercial/Residential Investment Opportunity Title is generated by Realmo AI

    6000 E Highway 20, Lucerne, CA 95458

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    For Sale
    $350,000

    Commercial Sale - Lucerne, CA

    Property size:
    2,000 SF
    Price / SF:
    $175/SF
    Added:
    Mar 30, 2026
    Days on Market:
    49
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 6000 E Highway 20

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    034064010000
    Size
    2,000 SF

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    James Magliulo
    James Magliulo

    Listing agent James Magliulo License #01852966

    Listing office Country Air Properties 460 S Main ST, Lakeport, CA

    Listing date Mar 30, 2026

    MLS# LC26067775 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

    • High‑traffic location on Highway 20 in Lucerne, ideal for commercial use.
    • Investment property with commercial building and a detached 3‑bedroom, 2‑bathroom mobile home.
    • Opportunity to live and work on the same property.
    • Large grass area for storage or expansion.
    • Detached two‑car garage provides extra storage or off‑street parking with private entry to the home.
    • Walking distance to restaurants, shops, Lucerne Park, and Clear Lake.

    Overview

    Located on Highway 20 in Lucerne, this commercial property offers an investment opportunity with both business and residential potential. The property includes a former gas station with a detached 3-bedroom, 2-bathroom mobile home. The commercial building features a large mechanic garage and an attached office space or retail store. Situated on a busy corner, the storefront benefits from high foot and vehicle traffic and offers views of Lucerne Park and Clear Lake. A large grass area provides additional space for storage or expansion. The double-wide mobile home includes a large living area, a kitchen with an attached kitchen nook, three bedrooms, and two bathrooms. A detached two-car garage on the backside of the property offers extra storage or off-street parking and provides private entry to the home. The property is within walking distance of restaurants, shops, the park, and Clear Lake. The property size is 2000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucerne Gas & Services Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Auto Repair Shop Pharmacy Accounting Firm Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lucerne
    County
    Lake
    State
    California
    Longitude
    -122.799961
    Latitude
    39.094647

    Nearby Similar for Sale

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      Lucerne Commercial Property For Sale

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    • $180,000

      Highway 20 Commercial Property For Sale

      Commercial property with upgrades, high visibility, and potential for expansion.
      6320 Highway 20 E 1, Lucerne, CA 95458
      View Details
    • $2,995,000
      53,000 SF

      Historic Landmark Resort Hotel Building

      Partially remodeled 53,000 SF resort hotel on 7+ acres.
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      View Details

    FAQs

    What type of property is this?
    Gas station - Commercial property with residence in high-traffic Lucerne location.
    Where is this gas station located?
    The property is located at 6000 E Highway 20 Lucerne, CA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: High‑traffic location on Highway 20 in Lucerne, ideal for commercial use.; Investment property with commercial building and a detached 3‑bedroom, 2‑bathroom mobile home.; Opportunity to live and work on the same property.
    (707) 263-5729
    We can help!
    Listing Contact
    James Magliulo
    James Magliulo
    Real Estate License ID: 01852966
    Learn More
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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.

    More about this property
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