Lakefront Mixed-Use
For Sale
$399,900
14465 Lakeshore, Clearlake, CA 95422
Clearlake, CA
Property Size1,538 SF
Lot Size0.27 Acres
Price / SF$260.01
Days on Market79
Property Features for 14465 Lakeshore
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Kitchen, Bathroom 2, Laundry Room, Bathroom 1, Bathroom 3, Bedroom 1
Parking features
Driveway
Patio and Porch features
Deck
Lot features
0-1 Unit/ Acre, Sloped Down
View
Lake
Elementary school district
Konocti Unified
Middle school district
Konocti Unified
High school district
Konocti Unified
Directions
lakeshore cross street of Mullen
Subdivision
LCCLE - Clearlake East
Standard status
Active
APN
040101260000
Size
1,538 SF
Lot size
0.27 Acres
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
dedicated laundry area
lake-view deck
Building Details
Year built
1957
Floors in Building
2
Number of units
10
Building materials
Wood Siding
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
NextHome Experiences
(707) 987-2003
Listed By:
Yvette Sloan · License #01413657
(707) 355-2171
Added: Jun 13
Changed: Aug 25
Last Checked: Aug 30 at 2:06PM
MLS# LC26129436
Copyright © 2026 Lake County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a remodeled storefront with two residential apartments in a Craftsman-style building constructed in 1957. The commercial area includes a kitchenette with sink and cabinets, full bathroom, storage room, attic storage, and a tiled deck oriented toward the lake. Its layout can accommodate retail, office, salon, or service uses as supported by the existing configuration.
The studio apartment has a private entrance, bedroom, kitchenette, bathroom, dining area, and deck. The one-bedroom apartment includes a living room, kitchen, bathroom, downstairs bedroom, storage, and its own lake-view deck. A dedicated laundry area serves the residential units. The property encompasses 1538 square feet on 0.27 acres and includes a driveway, public water, public sewer, wood siding, composition roofing, and ductless heating and cooling.
The studio apartment has a private entrance, bedroom, kitchenette, bathroom, dining area, and deck. The one-bedroom apartment includes a living room, kitchen, bathroom, downstairs bedroom, storage, and its own lake-view deck. A dedicated laundry area serves the residential units. The property encompasses 1538 square feet on 0.27 acres and includes a driveway, public water, public sewer, wood siding, composition roofing, and ductless heating and cooling.
Key Highlights
- Mixed‑use building with remodeled storefront and two residential apartments
- 1538 square feet on 0.27 acres
- Commercial area includes kitchenette, bathroom, storage, attic storage, and tiled deck
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
$19,060
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
4.77%
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%
$381,200
$381.2K
Cap Rate 7%
$272,286
$272.3K
Cap Rate 9%
$211,778
$211.8K
Market Conditions
NOI Build-Up for 1,538 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
$28.4K $18.48/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$27.2K $17.70/SF
− OpEx
−$8.2K −$5.31/SF
NOI
$19.1K $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%
$381,200
Cap Rate 7%
$272,286
Cap Rate 9%
$211,778
Alternative Uses
Best Use
Retail
$272.3K
$238.3K – $317.7K
NOI $19,060 @ 7.0% cap · market cap 4.77%
Second Best
Mixed Use
$217.5K
$190.3K – $253.8K
NOI $15,226 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$617.3K
$540.1K – $720.2K
NOI $43,210 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
303
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 commercial space accompanies two residential units with separate entries and lake-facing decks.
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: Mixed‑use building with remodeled storefront and two residential apartments; 1538 square feet on 0.27 acres; Commercial area includes kitchenette, bathroom, storage, attic storage, and tiled deck
