Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3794 E State Hwy 20 Nice, CA 95464

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $349,000

    Corner lot on Highway 20, Nice, CA.

    Added:
    Mar 8, 2023
    Days on Market:
    1136
    Last Refresh:
    Mar 16 at 8:27 am

    Property Features for 3794 E State Hwy 20

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    Cassie Pivniska
    Cassie Pivniska

    Listing agent Cassie Pivniska License #01443512

    Listing office Pivniska Real Estate Group

    Listing date Mar 8, 2023

    Source Evrealestate

    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 Pivniska Real Estate Group

    Overview

    Land on Highway 20 Corner

    This commercial land is located at the corner of Highway 20 and Hudson Avenue in Nice, CA. The property is situated in Lake County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Hotel & Motel Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nice
    County
    Lake
    State
    California
    Longitude
    -122.838205
    Latitude
    39.121412

    Nearby Similar for Sale

    • $800,000
      3,500 SF

      Mobile Home Park Investment

      Mobile home park with 33 spots and lake access.
      3297 E State Hwy 20, Nice, CA 95464
      View Details
    • $10,500

      Oversized Lot in Nice, CA

      Hilltop lot with dual road access, utilities available in street.
      7166 Butte Court, Nice, CA 95464
      View Details
    • $149,000

      Lakefront Commercial Lot Opportunity

      Commercial lakefront lot with pier renovation potential in Nice, CA.
      3383 Lakeshore Boulevard, Nice, CA 95464
      View Details
    • $13,500

      Two Lots Merged in Nice

      Two merged lots with paid water meter in Nice, CA.
      7022 Black Oak Street, Nice, CA 95464
      View Details
    • $3,550

      Land with Lake View Potential

      Downsloped lot with view potential in a quiet location.
      7333 Tehama, Nice, CA 95464
      View Details
    • $4,999

      Commercial Land in Nice, CA

      Commercial land for sale, zoned C3, priced to sell quickly.
      7522 Lake Street, Nice, CA 95464
      View Details
    • $4,999

      Land For Sale in Nice

      Land available for building in Nice, California.
      7532 Lake Street, Nice, CA 95464
      View Details
    • $350,000

      Land in Downtown Nice, CA

      Two adjacent R1-zoned lots near Clear Lake and amenities.
      3820 E State Hwy 20 Highway, Nice, CA 95464
      View Details
    • $800,000

      Mobile Home Park Investment Opportunity

      Mobile home park with 33 spots and lake access.
      3297 E State Hwy 20, Nice, CA 95464
      View Details
    • $4,999

      Residential Lot in Nice, CA

      Residential land available in Nice, California.
      2425 Greeley Street, Nice, CA 95464
      View Details
    • $4,999

      Residential Land in Nice, CA

      Residential land available for building a dream home.
      7285 Wilson Street, Nice, CA 95464
      View Details
    • $4,999

      Land For Sale in Nice

      Land/Lot in Nice, CA, perfect to build your dream home.
      7538 Lake Street, Nice, CA 95464
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot on Highway 20, Nice, CA.
    Where is this commercial land located?
    The property is located at 3794 E State Hwy 20 Nice, CA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Located on a corner lot (Hwy 20 and Hudson Ave); Situated in Lake County; Property is on Hwy 20
    (707) 245-6514
    We can help!
    Listing Contact
    Cassie Pivniska
    Cassie Pivniska
    Real Estate License ID: 01443512
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!