Bar & Pub with
For Sale
Under Contract
$450,000
370 S Main, Lakeport, CA 95453
Commercial Sale, Lakeport, CA
Property Size3,400 SF
Price / SF$132.35
Days on Market130
Property Features for 370 S Main
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
S Main St. to property
Subdivision
LCLPS - Lakeport South
Standard status
Active Under Contract
APN
025501130000
Amenities
stage area
Building Details
Year built
1935
Listing Agency:
Country Air Properties
(707) 263-2620
Listed By:
James Magliulo · License #01852966
(707) 263-5729
Added: Apr 16
Changed: Aug 20
Last Checked: Aug 23 at 3:06PM
MLS# LC26082333
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.
Investment Insights
Based on property information with market context.
This 3,400-square-foot bar and restaurant at 370 S Main includes a full-service kitchen, bar, dining area, and dedicated stage. The layout accommodates both everyday hospitality operations and event-oriented programming, with space for social gatherings and private functions.
The property occupies an oversized lot in downtown Lakeport, providing on-site parking and outdoor area alongside the indoor venue. Its Main Street setting places the establishment in the center of Lakeport, while the existing stage and hospitality improvements support dining, performances, and special events. The building dates to 1935.
The property occupies an oversized lot in downtown Lakeport, providing on-site parking and outdoor area alongside the indoor venue. Its Main Street setting places the establishment in the center of Lakeport, while the existing stage and hospitality improvements support dining, performances, and special events. The building dates to 1935.
Key Highlights
- 3,400 sq. ft. bar and restaurant building
- Full‑service kitchen and bar included
- Dedicated stage area for live music, performances, and events
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
$27,920
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
6.20%
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%
$558,400
$558.4K
Cap Rate 7%
$398,857
$398.9K
Cap Rate 9%
$310,222
$310.2K
Market Conditions
NOI Build-Up for 3,400 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
$42.4K $12.48/SF
− Vacancy
−$2.5K −$0.75/SF
EGI
$39.9K $11.73/SF
− OpEx
−$12.0K −$3.52/SF
NOI
$27.9K $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 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%
$558,400
Cap Rate 7%
$398,857
Cap Rate 9%
$310,222
Alternative Uses
Best Use
Specialty Retail
$1.03M
$899.8K – $1.20M
NOI $71,987 @ 7.0% cap · market cap 16.00%
Second Best
Industrial
$398.9K
$349.0K – $465.3K
NOI $27,920 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,523 @ 7.0% cap · market cap 21.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chase Bank
Shops & Services
4,687 visits/mo
0.1 miles
Umpqua Bank
Shops & Services
2,925 visits/mo
0.5 miles
FedEx Office Print & Ship Center
Shops & Services
1,641 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Drinx Bar & Grill — 370 S Main St #5021, Lakeport, CA 95453
- Starbucks — 1071 Eleventh St, Lakeport, CA 95453
- Andre's Lounge — 150 N Main St, Lakeport, CA 95453
- Clearlake Club — 210 N Main St, Lakeport, CA 95453
Frequently Asked Questions
What type of property is this?
Bar & Pub - Full-service kitchen, bar, and dedicated stage support dining and live entertainment concepts.
Where is this bar & pub located?
The property is located at 370 S Main Lakeport, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,400 sq. ft. bar and restaurant building; Full‑service kitchen and bar included; Dedicated stage area for live music, performances, and events
