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    825 N Forbes St Lakeport, CA 95453

    View on Map
    Sponsored
    For Sale
    $549,000

    Commercial/Residential, Victorian - Lakeport, CA

    Property size:
    2,895 SF
    Lot size:
    13,504.00 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 22 at 9:06 pm

    Property Features for 825 N Forbes St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Laundry, Living Room
    Bedrooms
    5
    Bathrooms
    5
    APN
    025231020000
    Interior features
    Balcony, Open Floorplan, Window Features: Double Pane Windows
    Exterior features
    Community Features Included: Curbs, Watersports, Biking, Dog Park, Fishing, Foothills, Lake, Sidewalks, Park, Corner Lot, Level With Street, Landscaped, Rectangular Lot, Near Public Transit, 2-5 Units/Acre
    Size
    2,895 SF
    Lot size
    13,504.00 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1863
    Floors in Building
    2
    Number of units
    2
    Building materials
    Wood Siding
    Roof type
    Composition
    Architectural style
    Victorian

    We can help!

    Listing Contact
    Anne Mary Skeen

    Country Air Properties

    Listing agent Anne Mary Skeen License #02174912

    Listing date Mar 2, 2026

    MLS# LC25261068 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.

    Learn more

    Property Insight Report

    Overview

    Victorian Farmhouse in Downtown Lakeport

    This restored Victorian farmhouse, located in downtown Lakeport, is situated one block from Clear Lake and steps from Main Street, Xabatin Park, local restaurants, and shops. The property, set on a sunny corner lot of nearly one-third of an acre, blends historic charm with modern comfort due to its R3 zoning. The two-story main house features four private bedroom suites, each with its own bathroom, suitable for hosting guests, multi-generational living, or vacation rentals. The home includes an open living and dining area, high ceilings, and a kitchen that balances vintage character with modern convenience. Original craftsmanship from the home’s 1863 roots has been preserved, with updates for comfortable living. A detached Carriage House, approximately 594 square feet, offers a one-bedroom, one-bath guest home with a full kitchen, open living space, and a private entrance, suitable for extended family, visiting friends, or rental income. The backyard is fully fenced and landscaped, featuring a fire pit, BBQ area, cabana, and a separate laundry and utility room. This property offers potential as a historic home with modern amenities, an income-producing property, or a walkable downtown retreat near Clear Lake. The property size is 2895 square feet and the lot size is approximately 0.31 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeport
    County
    Lake
    State
    California
    Longitude
    -122.9163659
    Latitude
    39.0473801

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    FAQs

    What type of property is this?
    Single family property - Restored Victorian with R3 zoning, near Clear Lake.
    Where is this single family property located?
    The property is located at 825 N Forbes St Lakeport, CA.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Prime Downtown Location: Steps from Clear Lake, Main Street, and Xabatin Park.; - Income Potential/Flexibility: R3 zoning and a detached, fully equipped Carriage House offer rental opportunities.; - Four Private Bedroom Suites: Each suite in the main house has its own bathroom.
    (707) 264-9073
    Request Owner's contact information
    825 N Forbes St Lakeport, CA 95453
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    Lakeport, CA 95453
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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
    825 N Forbes St Lakeport, CA 95453
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    We can help!
    Listing Contact
    Anne Mary Skeen
    Real Estate License ID: 02174912
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