Lakefront Mixed-Use Retail &
For Sale
$399,900
14465 Lakeshore, Clearlake, CA 95422
Remodeled storefront plus studio and one-bedroom units with private lake-view decks and dedicated laundry space.
Property Size2,552 SF
Days on Market52
Property Features for 14465 Lakeshore
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Commercial
Building Details
Building Size
2,552 SF
Year Built
1957
Units
10
Listing Agency:
NextHome Yvette Sloan
(707) 987-2003
Listed By:
Yvette Sloan · License #01413657
(707) 987-2003
Source:
Elliman
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 8 at 1:41PM
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 NextHome Yvette Sloan
Investment Insights
Based on property information with market context.
This mixed-use property combines a remodeled street-front commercial unit with two residential rental configurations. The main-level storefront features a kitchenette with sink and cabinets, a full bathroom, a storage room, and attic storage. A large tile deck with lake views extends the usable outdoor area for retail, office, salon, or service use. Residential options include a studio apartment with a separate entry, bedroom, kitchenette, full bathroom, dining area, and a spacious lake-view deck, plus a one-bedroom/one-bath apartment with a living room, kitchen, bathroom, downstairs bedroom, and abundant storage, also with lake-view deck access. A dedicated laundry area serves the residential units, and there is potential to develop an additional 2-bedroom/2-bath unit.
Located on Lakeshore Drive in downtown Clearlake, the commercial space is set on the main thoroughfare with an emphasis on visibility and foot traffic. BikeScore is listed at 30 (somewhat bikeable) and walkScore at 42 (car-dependent).
The property can suit investors seeking a combined commercial and residential setup, or an owner-operator who wants to occupy a residential unit while running a storefront. The lake-view deck features across the commercial and residential components provide an added tenant experience for both work-and-serve uses and day-to-day living. With dedicated laundry for residents and multiple unit types, the layout supports flexible occupancy planning for buyers evaluating mixed-use operations.
Located on Lakeshore Drive in downtown Clearlake, the commercial space is set on the main thoroughfare with an emphasis on visibility and foot traffic. BikeScore is listed at 30 (somewhat bikeable) and walkScore at 42 (car-dependent).
The property can suit investors seeking a combined commercial and residential setup, or an owner-operator who wants to occupy a residential unit while running a storefront. The lake-view deck features across the commercial and residential components provide an added tenant experience for both work-and-serve uses and day-to-day living. With dedicated laundry for residents and multiple unit types, the layout supports flexible occupancy planning for buyers evaluating mixed-use operations.
Key Highlights
- 1957 year‑built mixed‑use property on Lakeshore Drive with street‑front commercial plus residential rental units
- Completely remodeled storefront on main level with kitchenette (sink and cabinets), full bath, storage, and attic storage
- Large tile deck with lake views attached to the commercial unit, suitable for retail, office, salon, or service use
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
$31,626
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
7.91%
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%
$632,520
$632.5K
Cap Rate 7%
$451,800
$451.8K
Cap Rate 9%
$351,400
$351.4K
Market Conditions
NOI Build-Up for 2,552 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
$47.2K $18.48/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$45.2K $17.70/SF
− OpEx
−$13.6K −$5.31/SF
NOI
$31.6K $12.39/SF
Area
Lake County, CA
Vacancy
4.20%
Lease Rate
$18.48 /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%
$632,520
Cap Rate 7%
$451,800
Cap Rate 9%
$351,400
Alternative Uses
Best Use
Retail
$451.8K
$395.3K – $527.1K
NOI $31,626 @ 7.0% cap · market cap 7.91%
Second Best
Mixed Use
$360.9K
$315.8K – $421.1K
NOI $25,265 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.02M
$896.2K – $1.19M
NOI $71,698 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled storefront plus studio and one-bedroom units with private lake-view decks and dedicated laundry space.
Where is this mixed-use property located?
The property is located at 14465 Lakeshore Clearlake, CA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1957 year‑built mixed‑use property on Lakeshore Drive with street‑front commercial plus residential rental units; Completely remodeled storefront on main level with kitchenette (sink and cabinets), full bath, storage, and attic storage; Large tile deck with lake views attached to the commercial unit, suitable for retail, office, salon, or service use
