Highway 29 Frontage Mixed-Use
For Sale
$449,000
21298 Calistoga, Middletown, CA 95461
Commercial mixed-use property on Highway 29 with rental income.
Property Size2,600 SF
Price / SF$172.69
Days on Market313
Property Features for 21298 Calistoga
General Information
Standard status
Active
Size
2,600 SF
Listing Agency:
Evans Realty
Listed By:
Kathryn Evans, Greg Evans · License #01516315
(707) 994-4219
Source:
Myfabuloushome
Added: Nov 28, 2025
Changed: Sep 25
Last Checked: Oct 5 at 9:58PM
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.
This commercial mixed-use property is located on Highway 29 on the edge of Middletown. The property, zoned C-2, includes a commercial building and a double-wide mobile home on a lot spanning approximately 0.69 acres. The commercial building has a versatile history, having served as a beauty salon, office space, and retail shop. It features 3 rooms, plus a laundry room and a bathroom with a stall shower. At the back of the property is a 2-bedroom, 2-bath double-wide mobile home that is currently rented. The lot has convenient parking and is shaded by large trees. The property has public sewer, public water, and a well. Highway 29 is the southern gateway to Lake County.
Key Highlights
- Prime commercial location on Hwy 29, the southern gateway to Lake County.
- C‑2 zoning allows for a variety of commercial uses.
- Includes a rented 2‑bedroom, 2‑bath double‑wide mobile home for additional income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,970
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,400
$739.4K
Cap Rate 7%
$528,143
$528.1K
Cap Rate 9%
$410,778
$410.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$57.7K $22.20/SF
− Vacancy
−$4.9K −$1.89/SF
EGI
$52.8K $20.31/SF
− OpEx
−$15.8K −$6.09/SF
NOI
$37.0K $14.22/SF
Area
Napa County, CA
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,400
Cap Rate 7%
$528,143
Cap Rate 9%
$410,778
Alternative Uses
Best Use
Retail
$528.1K
$462.1K – $616.2K
NOI $36,970 @ 7.0% cap · market cap 8.23%
Second Best
Mixed Use
$364.8K
$319.2K – $425.7K
NOI $25,539 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$5.25M
$4.59M – $6.12M
NOI $367,267 @ 7.0% cap · market cap 81.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 95461, CA
2,689
Population
1,646
Households
1.6
Avg Household Size
48
Median Age
24%
College-Educated
84%
High-School Grad
123.3 sq mi
ZIP Area
22
Density / Sq Mi
$81,830
Median Household Income
$40,308
Median Earnings
$2,192
Median Rent
$385,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial mixed-use property on Highway 29 with rental income.
Where is this mixed-use property located?
The property is located at 21298 Calistoga Middletown, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Prime commercial location on Hwy 29, the southern gateway to Lake County.; C‑2 zoning allows for a variety of commercial uses.; Includes a rented 2‑bedroom, 2‑bath double‑wide mobile home for additional income.
