Clearlake Commercial Property on
For Sale
$290,000
14832 Lakeshore Drive, Clearlake, CA 95422
Office, warehouse, and yard space in a prime location.
Property Size1,820 SF
Price / SF$159.34
Days on Market758
Property Features for 14832 Lakeshore Drive
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1947
Listing Agency:
Evans Realty
(707) 272-9163
Listed By:
Kathryn Evans · License #01516315
(707) 272-9163
Source:
Exitrealty
Added: Aug 4, 2024
Changed: Aug 25
Last Checked: Aug 30 at 2:55PM
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 Evans Realty
Investment Insights
Based on property information with market context.
Located on Lakeshore Drive in Clearlake, this commercial property features office space, a small warehouse/garage, a shed, and yard space. The property is currently used by a construction company, and was previously used as office space. The layout includes 6 individual offices, 1 bathroom, and a kitchen area. There are at least 8 parking spaces available, with the potential for more.
Key Highlights
- Prime location on Lakeshore Drive.
- Office space with 6 individual offices.
- Includes a small warehouse/garage.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,920
$298.9K
Cap Rate 7%
$213,514
$213.5K
Cap Rate 9%
$166,067
$166.1K
Market Conditions
NOI Build-Up for 1,820 SF
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.
Gross rent
$22.7K $12.48/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$21.4K $11.73/SF
− OpEx
−$6.4K −$3.52/SF
NOI
$14.9K $8.21/SF
Area
Lake County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,920
Cap Rate 7%
$213,514
Cap Rate 9%
$166,067
Alternative Uses
Best Use
Office B
$547.5K
$479.0K – $638.7K
NOI $38,323 @ 7.0% cap · market cap 13.21%
Second Best
Industrial
$213.5K
$186.8K – $249.1K
NOI $14,946 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$730.5K
$639.2K – $852.2K
NOI $51,133 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
Business Placement
Demographics for 95422, CA
17,017
Population
7,890
Households
2.2
Avg Household Size
38
Median Age
8%
College-Educated
80%
High-School Grad
26.9 sq mi
ZIP Area
633
Density / Sq Mi
$42,080
Median Household Income
$28,945
Median Earnings
$1,162
Median Rent
$206,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office, warehouse, and yard space in a prime location.
Where is this office units located?
The property is located at 14832 Lakeshore Drive Clearlake, CA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Prime location on Lakeshore Drive.; Office space with 6 individual offices.; Includes a small warehouse/garage.
