Lakefront Motel Redevelopment
10165 Highway 20 Clearlake Oaks, CA 95423
For Sale
$725,000
Multi-building lakefront site on Clear Lake along Highway 20, positioned for redevelopment and flexible hospitality use.
Property Size2,750 SF
Price / SF$263.64
Days on Market118
Property Features for 10165 Highway 20
General Information
Standard status
Active
Size
2,750 SF
Property subtype
General Commercial
Building Details
Year Built
1946
Listing Agency:
Shore Line Realty, Inc.
(707) 998-1137
Listed By:
Isaac Villalobos · License #02227692
Source:
Xome
Added: Apr 4
Changed: Jul 10
Last Checked: Jul 9 at 3:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shore Line Realty, Inc.
Investment Insights
Based on property information with market context.
This historic motel property dates to 1946 and is arranged as four separate buildings containing multiple units, with units currently in various stages of renovation. The configuration is set up for an investor or operator looking to reimagine a legacy hospitality site while keeping an existing multi-structure layout in place. The property also offers direct lake access and unobstructed lake views, including views of Mount Konocti.
The site spans two addresses, 10165 and 10155 E Highway 20, and is positioned directly on the shores of Clear Lake. It benefits from exposure and accessibility along the Highway 20 corridor. The property is described as being just minutes from the Clearlake Oaks Boat Launch, supporting guest access tied to fishing and waterfront recreation.
For a buyer, the mix of multiple buildings and partially renovated units can support a range of operating models, including lakefront motel redevelopment, a short-term rental or Airbnb compound, or a boutique fishing lodge concept. The lakefront setting and direct access may also support additional guest-focused amenities such as boat mooring, though the property notes this is subject to buyer verification. Overall, it is best suited for an owner with a redevelopment plan who wants to leverage a distinctive waterfront hospitality asset.
The site spans two addresses, 10165 and 10155 E Highway 20, and is positioned directly on the shores of Clear Lake. It benefits from exposure and accessibility along the Highway 20 corridor. The property is described as being just minutes from the Clearlake Oaks Boat Launch, supporting guest access tied to fishing and waterfront recreation.
For a buyer, the mix of multiple buildings and partially renovated units can support a range of operating models, including lakefront motel redevelopment, a short-term rental or Airbnb compound, or a boutique fishing lodge concept. The lakefront setting and direct access may also support additional guest-focused amenities such as boat mooring, though the property notes this is subject to buyer verification. Overall, it is best suited for an owner with a redevelopment plan who wants to leverage a distinctive waterfront hospitality asset.
Key Highlights
- Lakefront multi‑building property on Clear Lake with direct lake access and beach access
- Four separate buildings with multiple units in various stages of renovation
- Located at 10165 & 10155 E Hwy 20 along the Highway 20 corridor
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $15.12 |
| − Vacancy | −$2.1k | −$0.76 |
| EGI | $39.5k | $14.36 |
| − OpEx | −$17.8k | −$6.46 |
| NOI | $21.7k | $7.90 |
2,750 SF · lease $15.12/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$310.4K
$271.6K – $362.1K
NOI $21,726 @ 7.0% cap · market cap 3.00%
Second Best
Hotel Hospitality
$237.9K
$208.2K – $277.6K
NOI $16,655 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.10M
$965.8K – $1.29M
NOI $77,261 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Indian Beach Resort — 9945 CA-20, Clearlake Oaks, CA 95423
- Blue Fish Cove Resort — 10573 CA-20, Clearlake Oaks, CA 95423
- Lake Marina Inn — 10215 CA-20, Clearlake Oaks, CA 95423
- OMEO Clearlake Oaks — 10573 CA-20, Clearlake Oaks, CA 95423
- Indian Beach — California 95423
Frequently Asked Questions
What type of property is this?
Motel - Multi-building lakefront site on Clear Lake along Highway 20, positioned for redevelopment and flexible hospitality use.
Where is this motel located?
The property is located at 10165 Highway 20 Clearlake Oaks, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Lakefront multi‑building property on Clear Lake with direct lake access and beach access; Four separate buildings with multiple units in various stages of renovation; Located at 10165 & 10155 E Hwy 20 along the Highway 20 corridor
