Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    52 Soda Bay Rd Lakeport, CA 95453

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,750,000

    Cinema and drive-in on multiple parcels in Lake County.

    Lot size:
    25.89 Acres

    Property Features for 52 Soda Bay Rd

    General Information

    Standard status
    Active
    Lot size
    25.89 Acres

    We can help!

    Listing Contact
    Christopher Castelli
    Source: Exprealty

    Listing Agency: Century 21 Epic Listing Agent: Christopher Castelli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Lakeport Cinema and Drive-In Opportunity

    An investment opportunity exists in Lake County for the Lakeport Cinema 5 and Auto Movie Drive-In. The drive-in is one of the few remaining in California. The property consists of four parcels. The cinema is approximately 18,620 square feet with a 1,919 square foot mezzanine, situated on approximately 3.5 acres. The Auto Movie Drive-in includes a 3,240 square foot projection room, concession stand, and restrooms, all situated on approximately 8.1 acres. One of the additional undeveloped parcels is approximately 5.9 acres and has prime street frontage on Soda Bay Road. The property is located off Main Street and Soda Bay Road, with visibility from HWY 29. The remaining parcel is 8.4 acres located in the wetlands. Recent upgrades in 2022 included a roof replacement, new enhanced lighting, new carpeting, and seats.
    Location Intelligence

    Current Use by Public Records

    Lakeport Auto Movies ... Drive-In Movie Theater Lakeport Cinema 5 Movie Theater La Catrina Food ... Taco Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Clothing Store Auto Repair Shop Gym & Fitness Auto Parts Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeport
    County
    Lake
    State
    California
    Longitude
    -122.91081
    Latitude
    39.0169

    Nearby Similar for Sale

    • $549,000
      2,895 SF

      Victorian Farmhouse in Downtown Lakeport

      Restored Victorian with R3 zoning, near Clear Lake.
      825 N Forbes St, Lakeport, CA 95453
      View Details
    • $399,900
      2,340 SF

      Lakeport Home with Guest House

      Charming home with guest house on a spacious 2-acre lot.
      1335 Mountview Rd, Lakeport, CA 95453
      View Details
    • $575,000
      3,510 SF

      Lakeport Multi-Home Investment Opportunity

      Three homes on a large corner lot, fully rented.
      600 6Th St, Lakeport, CA 95453
      View Details
    • $599,500
      Pending

      Well-Maintained 5-Unit Income Property

      Fully rented apartment complex in a quiet Lakeport neighborhood.
      4584 Terrace Ave S, Lakeport, CA 95453
      View Details
    • $205,000
      1,864 SF

      Lakeport Commercial Property Near Lake

      R-zoned property near Disney Water Sports attraction with endless possibilities.
      2509 Lakeshore Blvd, Lakeport, CA 95453
      View Details
    • $599,000
      7,400 SF

      Lakeport Commercial Building For Sale

      Downtown Lakeport commercial building with retail shops and residence.
      301 N Main St N, Lakeport, CA 95453
      View Details
    • $265,000
      1,410 SF

      Walnut Beach Marina Home

      3-bedroom home with marina access and lake views.
      400 Walnut Dr, Lakeport, CA 95453
      View Details
    • $1,750,000

      Lakeport Cinema and Drive-In Theater

      Cinema 5 and Auto Movie Drive-In on multiple parcels.
      52 Soda Bay Rd, Lakeport, CA 95453
      View Details
    • $449,000

      Downtown Lakeport Office Space

      Two-building office space in downtown Lakeport, suitable for medical clinic.
      475 N Forbes St, Lakeport, CA 95453
      View Details
    • Contact for pricing

      Mobile Home in Lakeshore Estates

      Mobile home in well-maintained park with included utilities.
      3075 Lakeshore Blvd, Lakeport, CA 95453
      View Details
    • $199,900

      Office Space Near Clear Lake

      Office space with extra parcel near Clear Lake.
      150 5Th St, Lakeport, CA 95453
      View Details
    • $385,000

      Downtown Lakeport Office/Retail Opportunity

      Office/retail building on over half an acre in downtown Lakeport.
      401 S Main St, Lakeport, CA 95453
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - Cinema and drive-in on multiple parcels in Lake County.
    Where is this theater & concert hall located?
    The property is located at 52 Soda Bay Rd Lakeport, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Rare opportunity to own one of the few remaining drive-in movie theaters in California.; - Includes both an indoor cinema (Lakeport Cinema 5) and an Auto Movie Drive-In.; - Property consists of approximately 25.9 acres, offering diverse development potential.
    (707) 483-8493
    Request Owner's contact information
    52 Soda Bay Rd Lakeport, CA 95453
    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.
    52 Soda Bay Rd
    Lakeport, CA 95453
    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
    52 Soda Bay Rd Lakeport, CA 95453
    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

    We can help!
    Listing Contact
    Christopher Castelli
    (707) 483-8493
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.