Clearlake Commercial Property on
For Sale
$290,000
14832 Lakeshore Drive, Clearlake, CA 95422
Office, warehouse, and yard space in a prime location.
Property Size1,820 SF
Price / SF$159.34
Days on Market787
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Property Features for 14832 Lakeshore Drive
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1947
Listing Agency:
Evans Realty
(707) 994-4219
Listed By:
Kathryn Evans · License #01516315
(707) 272-9163
Source:
Exitrealty
Added: Aug 20, 2024
Changed: Oct 1
Last Checked: Oct 7 at 11:11AM
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 Evans Realty
Investment Insights
Based on property information with market context.
Located on Lakeshore Drive in Clearlake, this commercial property features office space, a small warehouse/garage, a shed, and yard space. The property is currently used by a construction company, and was previously used as office space. The layout includes 6 individual offices, 1 bathroom, and a kitchen area. There are at least 8 parking spaces available, with the potential for more.
Key Highlights
- Prime location on Lakeshore Drive.
- Office space with 6 individual offices.
- Includes a small warehouse/garage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,946
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,920
$298.9K
Cap Rate 7%
$213,514
$213.5K
Cap Rate 9%
$166,067
$166.1K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$22.7K $12.48/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$21.4K $11.73/SF
− OpEx
−$6.4K −$3.52/SF
NOI
$14.9K $8.21/SF
Area
Lake County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,920
Cap Rate 7%
$213,514
Cap Rate 9%
$166,067
Alternative Uses
Best Use
Office B
$547.5K
$479.0K – $638.7K
NOI $38,323 @ 7.0% cap · market cap 13.21%
Second Best
Industrial
$213.5K
$186.8K – $249.1K
NOI $14,946 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$730.5K
$639.2K – $852.2K
NOI $51,133 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
522
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Office, warehouse, and yard space in a prime location.
Where is this office units located?
The property is located at 14832 Lakeshore Drive Clearlake, CA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Prime location on Lakeshore Drive.; Office space with 6 individual offices.; Includes a small warehouse/garage.
