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    Multi-Building Commercial Property, Clearlake Oaks Title is generated by Realmo AI

    12487 The Plaza, Clearlake Oaks, CA 95423

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    For Sale
    $595,000

    Commercial Sale - Clearlake Oaks, CA

    Property size:
    9,120 SF
    Price / SF:
    $65/SF
    Added:
    May 22, 2026
    Days on Market:
    9
    Last Refresh:
    May 30 at 10:06 am

    Property Features for 12487 The Plaza

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    PDC
    Standard status
    Active
    APN
    035143570000
    Size
    9,120 SF

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    James Magliulo
    James Magliulo

    Listing agent James Magliulo License #01852966

    Listing office Country Air Properties 460 S Main ST, Lakeport, CA

    Listing date May 22, 2026

    MLS# LC26111834 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare opportunity to acquire a multi‑building commercial property in the center of Clearlake Oaks.
    • Four separate buildings on one parcel, offering diverse usage possibilities.
    • Flexible PDC zoning allows for redevelopment, community use, storage, events, or mixed commercial applications (subject to county approval).
    • Includes a newer 4,560 sq. ft. warehouse, providing modern and functional space.
    • Features a 3,300 sq. ft. church building and a 1,260 sq. ft. recreation/community building, suitable for community‑oriented purposes.
    • Located in the historic Plaza district of Clearlake Oaks, offering strong historical and community character.

    Overview

    Located in the historic Plaza district of Clearlake Oaks, this commercial property features four separate buildings on a single parcel. The property has PDC zoning and offers potential for redevelopment, community use, storage, events, or mixed commercial applications. Positioned in one of the original town-center areas dating back to the 1920s, the property carries historical and community character in the heart of Lake County. The property includes a 3,300 square foot church building, a 1,260 square foot recreation/community building, a 400 square foot storage building, and a 4,560 square foot warehouse. The church and recreation buildings reflect the area’s longstanding community roots, while the warehouse provides functional space suitable for a variety of commercial or operational needs. Public records identify the site as a church/community religious property, making it suited for continued community-oriented use, nonprofit operations, event space, storage, creative redevelopment, or adaptive reuse opportunities. The property totals 9,120 square feet and may allow for a range of future uses, subject to county approval and buyer investigation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Auto Repair Shop Spa & Massage Center Auto Parts Store Hotel & Motel Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearlake Oaks
    County
    Lake
    State
    California
    Longitude
    -122.677263
    Latitude
    39.023245

    Nearby Similar for Sale

    • $725,000
      2,750 SF

      Lakefront Motel Redevelopment Opportunity

      Historic Clearlake Oaks motel for redevelopment on Clear Lake.
      10165 E Highway 20, Clearlake Oaks, CA 95423
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    • $595,000
      9,120 SF

      Historic Plaza District Commercial Opportunity

      Four buildings with redevelopment potential in Clearlake Oaks.
      12487 The, Clearlake Oaks, CA 95423
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Four buildings with redevelopment potential in Clearlake Oaks historic Plaza.
    Where is this church & religious facility located?
    The property is located at 12487 The Plaza Clearlake Oaks, CA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Rare opportunity to acquire a multi‑building commercial property in the center of Clearlake Oaks.; Four separate buildings on one parcel, offering diverse usage possibilities.; Flexible PDC zoning allows for redevelopment, community use, storage, events, or mixed commercial applications (subject to county approval).
    (707) 263-5729
    We can help!
    Listing Contact
    James Magliulo
    James Magliulo
    Real Estate License ID: 01852966
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    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.

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