Warehouse and Office Space
For Sale
$1,300,000
2150 S Main, Lakeport, CA 95453
Office and warehouse space with high ceilings and parking.
Property Size12,846 SF
Price / SF$101.20
Days on Market142
Property Features for 2150 S Main
General Information
Standard status
Active
Size
12,846 SF
Building Details
Year Built
1988
Listing Agency:
Luxe Places International Realty
Listed By:
Leonard Lee · License #01240116
(415) 240-1344
Source:
Myfabuloushome
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 11 at 12:54PM
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 Luxe Places International Realty
Investment Insights
Based on property information with market context.
This property features both office and warehouse space, including almost 9000 square feet of warehouse area. The warehouse has high ceilings and roll-up doors. A large outside parking lot and loading area are available. The location has a walk score of 25, indicating it is car-dependent, and a bike score of 37, meaning it is somewhat bikeable.
Key Highlights
- Almost 9000 sq.ft. of warehouse space
- High ceilings in warehouse
- Roll‑up doors for warehouse access
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
$105,489
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
8.11%
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%
$2,109,780
$2.1M
Cap Rate 7%
$1,506,986
$1.5M
Cap Rate 9%
$1,172,100
$1.2M
Market Conditions
NOI Build-Up for 12,846 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
$160.3K $12.48/SF
− Vacancy
−$9.6K −$0.75/SF
EGI
$150.7K $11.73/SF
− OpEx
−$45.2K −$3.52/SF
NOI
$105.5K $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%
$2,109,780
Cap Rate 7%
$1,506,986
Cap Rate 9%
$1,172,100
Alternative Uses
Best Use
Office B
$3.86M
$3.38M – $4.51M
NOI $270,495 @ 7.0% cap · market cap 20.81%
Second Best
Industrial
$1.51M
$1.32M – $1.76M
NOI $105,489 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$5.16M
$4.51M – $6.02M
NOI $360,908 @ 7.0% cap · market cap 27.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95453, CA
11,978
Population
5,488
Households
2.2
Avg Household Size
48
Median Age
24%
College-Educated
93%
High-School Grad
87.0 sq mi
ZIP Area
138
Density / Sq Mi
$66,775
Median Household Income
$44,929
Median Earnings
$1,091
Median Rent
$371,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Office and warehouse space with high ceilings and parking.
Where is this warehouse located?
The property is located at 2150 S Main Lakeport, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Almost 9000 sq.ft. of warehouse space; High ceilings in warehouse; Roll‑up doors for warehouse access
