Main Street Retail Building
2570 S Main St, Lakeport, CA 95453
For Sale
$2,750,000
Commercial property with retail, storage, and expansion potential in Lakeport.
Property Size22,000 SF
Lot Size7.30 Acres
Price / SF$196.43
Days on Market222
Property Features for 2570 S Main St
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Country Air Properties
Listed By:
James Magliulo · License #01852966
(707) 263-2620
Source:
Elliman
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 25 at 8:11AM
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 Country Air Properties
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Investment Insights
Based on property information with market context.
Located at 2570 S Main St, Lakeport CA 95453, this commercial property offers a 14,000 SF retail building, two 4000-sf buildings with 52 storage units, and 80 RV storage spaces on over 7 acres. An additional 2 acres are available for expansion. The property includes two additional pads with utilities in place, conduit to the street for electricity and water, and sewer taps. The front 3 acres are zoned C2, and the back 4+ acres are zoned C3, offering versatility for various business ventures. The property features main retail space, office space, and side retail shops, totaling approximately 14,000 SF. This property presents opportunities for retail, office, or mixed-use development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,498
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,469,960
$3.5M
Cap Rate 7%
$2,478,543
$2.5M
Cap Rate 9%
$1,927,756
$1.9M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$258.7K $18.48/SF
− Vacancy
−$10.9K −$0.78/SF
EGI
$247.9K $17.70/SF
− OpEx
−$74.4K −$5.31/SF
NOI
$173.5K $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 Rate 5%
$3,469,960
Cap Rate 7%
$2,478,543
Cap Rate 9%
$1,927,756
Alternative Uses
Best Use
Office B
$4.21M
$3.68M – $4.91M
NOI $294,795 @ 7.0% cap · market cap 10.72%
Second Best
Retail
$2.48M
$2.17M – $2.89M
NOI $173,498 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$5.62M
$4.92M – $6.56M
NOI $393,330 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
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Business Placement
Demographics for 95453, CA
11,978
Population
5,488
Households
2.2
Avg Household Size
48
Median Age
24%
College-Educated
93%
High-School Grad
87.0 sq mi
ZIP Area
138
Density / Sq Mi
$66,775
Median Household Income
$44,929
Median Earnings
$1,091
Median Rent
$371,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property with retail, storage, and expansion potential in Lakeport.
Where is this retail space located?
The property is located at 2570 S Main St Lakeport, CA.
What is the asking price?
The asking price for this property is $2,750,000.
