Clearlake Restaurant-Ready Waterfront
For Sale
Contact for pricing
14625 Lakeshore Dr, Clearlake, CA 95422
Restaurant-ready waterfront property with upgrades, dock, and liquor license.
Property Size1,600 SF
Lot Size1.00 Acre
Price / SF$371.88
Days on Market547
Property Features for 14625 Lakeshore Dr
General Information
Standard status
Active
Size
1,600 SF
Class
A
Lot size
1.00 Acre
Property subtype
Land, Mixed Use, Retail
Zoning
Commercial
Building Details
Year Built
2012
Buildings
1
Stories
1
Units
1
Listing Agency:
Golden Gate Sotheby's International Realty
(707) 337-6615
Listed By:
Austin Aaron · License #02239277
Source:
Crexi
Added: Feb 21, 2025
Changed: Aug 10
Last Checked: Aug 22 at 5:44AM
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 Golden Gate Sotheby's International Realty
Investment Insights
Based on property information with market context.
This lakefront property, set on over an acre of Clearlake shoreline, offers panoramic views and a restaurant-ready venue. The 1,600 sq. ft. building, formerly Stein & Wein, features interior upgrades, including new flooring, windows, paint, and appliances. A private boat dock, expansive outdoor patio, and dedicated event area provide a setting for lakeside dining, gatherings, and special occasions. The property offers direct lake access and commercial potential. Included in the sale is a liquor license (estimated at $75,000) and permits allowing late-night operations. Located at 14625 Lakeshore Drive, Clearlake, CA, this property is a commercial opportunity.
Key Highlights
- Restaurant‑ready venue with valuable liquor license (estimated at $75,000) and late‑night operation permits.
- Prime Clearlake lakefront location on over an acre with breathtaking panoramic views.
- 1,600 sq. ft. building with numerous interior upgrades including new flooring, windows, paint, and appliances.
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
$33,876
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
5.69%
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%
$677,520
$677.5K
Cap Rate 7%
$483,943
$483.9K
Cap Rate 9%
$376,400
$376.4K
Market Conditions
NOI Build-Up for 1,600 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
$48.0K $30.00/SF
− Vacancy
−$2.8K −$1.77/SF
EGI
$45.2K $28.23/SF
− OpEx
−$11.3K −$7.06/SF
NOI
$33.9K $21.17/SF
Area
Lake County, CA
Vacancy
5.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$677,520
Cap Rate 7%
$483,943
Cap Rate 9%
$376,400
Alternative Uses
Best Use
Specialty Retail
$483.9K
$423.5K – $564.6K
NOI $33,876 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
42k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 35%
Home Improvements & Furnishings 21%
Taco Bell
Dining
12,501 visits/mo
0.5 miles
Speedway
Shops & Services
10,171 visits/mo
0.4 miles
Mendo Mill & Lumber Co
Home Improvements & Furnishings
8,689 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,115 visits/mo
0.4 miles
AutoZone
Shops & Services
3,358 visits/mo
0.5 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant-ready waterfront property with upgrades, dock, and liquor license.
Where is this restaurant located?
The property is located at 14625 Lakeshore Dr Clearlake, 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: Restaurant‑ready venue with valuable liquor license (estimated at $75,000) and late‑night operation permits.; Prime Clearlake lakefront location on over an acre with breathtaking panoramic views.; 1,600 sq. ft. building with numerous interior upgrades including new flooring, windows, paint, and appliances.
