Leased Mixed-Use
New
For Sale
$675,000
14420 Lakeshore Dr, Clearlake, CA 95422
Three commercial suites and two residences create a diversified mixed-use occupancy profile.
Property Size6,600 SF
Days on Market4
Property Features for 14420 Lakeshore Dr
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Public Transit
Yes
Building Details
Building Size
6,600 SF
Units
21
Tenancy
Multi
Listing Agency:
Country Air Commercial
(707) 263-2620
Listed By:
James Magliulo · License #01852966
(707) 263-2620
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 6:06AM
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 Country Air Commercial
Investment Insights
Based on property information with market context.
This mixed-use property combines three retail/office suites with two residential units, a storage unit, and a leased parking lot. The building is fully leased and has received recent exterior improvements, including new paint and fencing.
Located at 14420 Lakeshore Dr in Clearlake, the property is near shopping, restaurants, public transportation, Clear Lake, parks, and recreational amenities. Lake County’s surrounding wine tourism includes more than 35 wineries. Walk Score is 42 and Bike Score is 30, reflecting a car-dependent and somewhat bikeable setting.
Located at 14420 Lakeshore Dr in Clearlake, the property is near shopping, restaurants, public transportation, Clear Lake, parks, and recreational amenities. Lake County’s surrounding wine tourism includes more than 35 wineries. Walk Score is 42 and Bike Score is 30, reflecting a car-dependent and somewhat bikeable setting.
Key Highlights
- Three retail/office suites plus two residential units
- Fully leased mixed‑use property with multiple occupancy components
- Includes a storage unit and leased parking lot
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
$52,141
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
7.72%
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%
$1,042,820
$1.0M
Cap Rate 7%
$744,871
$744.9K
Cap Rate 9%
$579,344
$579.3K
Market Conditions
NOI Build-Up for 6,600 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
$99.8K $15.12/SF
− Vacancy
−$5.0K −$0.76/SF
EGI
$94.8K $14.36/SF
− OpEx
−$42.7K −$6.46/SF
NOI
$52.1K $7.90/SF
Area
Lake County, CA
Vacancy
5.00%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
45.00%
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%
$1,042,820
Cap Rate 7%
$744,871
Cap Rate 9%
$579,344
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $138,975 @ 7.0% cap · market cap 20.59%
Second Best
Retail
$1.17M
$1.02M – $1.36M
NOI $81,792 @ 7.0% cap · market cap 12.12%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,427 @ 7.0% cap · market cap 27.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
224
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?
Mixed-use property - Three commercial suites and two residences create a diversified mixed-use occupancy profile.
Where is this mixed-use property located?
The property is located at 14420 Lakeshore Dr Clearlake, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three retail/office suites plus two residential units; Fully leased mixed‑use property with multiple occupancy components; Includes a storage unit and leased parking lot
