Building Details

Year built 1959

Listing Agency: Century 21 Epic-Clearlake · Century 21 Real Estate m***@c21selectgroup.com Show Phone

Listed By: Cheryl Marinaro · License #01280648 Show Phone

Added: Jun 11 Changed: Nov 2 Last Checked: Nov 4 at 2:06PM

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MLS# LC26127551

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The warehouse property contains two units totaling 8200 sq ft. The buildings are joined by a breezeway and include office areas, storage, concrete floors, and 14 x 16 roll-up doors. Each unit has its own power and water meter. A covered carport and chain-link fencing are also part of the property.

The site covers .53 ac on a corner lot along Main Street in Lower Lake. The property is zoned C3 and was built in 1959.

Key Highlights

• Two warehouse units totaling 8200 sq ft
• .53 ac site on a corner lot along Main Street
• 14 x 16 roll‑up doors and concrete flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,173

Cap Rate

9.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,263,460 $1.3M

Cap Rate 7%

$902,471 $902.5K

Cap Rate 9%

$701,922 $701.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,200 SF

Gross rent

$81.7K $9.96/SF

− Vacancy

−$7.4K −$0.90/SF

EGI

$74.3K $9.06/SF

− OpEx

−$11.1K −$1.36/SF

NOI

$63.2K $7.70/SF

Area

Lake County, CA

Vacancy

9.00%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,263,460

Cap Rate 7%

$902,471

Cap Rate 9%

$701,922

Alternative Uses

Best Use

Warehouse

$902.5K

$789.7K – $1.05M (±1% cap)

NOI $63,173 @ 7.0% cap · market cap 9.04%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.29M

$2.88M – $3.84M (±1% cap)

NOI $230,379 @ 7.0% cap · market cap 32.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Holley's Repair Auto Repair Shop

Suggested Use

Top Pick Parking Lot & Garage Locksmith Grocery & Convenience Store Storage Facility Bakery Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Fenced yard

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

222

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 95457, CA

3,231

Population

1,801

Households

1.8

Avg Household Size

47

Median Age

22%

College-Educated

88%

High-School Grad

147.9 sq mi

ZIP Area

22

Density / Sq Mi

$52,266

Median Household Income

$32,839

Median Earnings

$1,078

Median Rent

$414,100

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Separate power and water meters serve each unit, with office areas and storage space within the connected buildings.

Where is this warehouse located?

The property is located at 16294 Main Lower Lake, CA.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Two warehouse units totaling 8200 sq ft; .53 ac site on a corner lot along Main Street; 14 x 16 roll‑up doors and concrete flooring