Versatile Commercial Property Near
For Sale
$325,000
390 N Forbes St, Lakeport, CA 95453
Commercial property featuring a welcoming lobby and essential amenities.
Property Size1,273 SF
Days on Market187
Property Features for 390 N Forbes St
General Information
Standard status
Active
Size
1,273 SF
Property subtype
Commercial
Building Details
Building Size
1,273 SF
Year Built
1970
Listing Agency:
NextHome Yvette Sloan
Listed By:
Tama Prokopowich · License #01281719
(707) 355-8262
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 3:29PM
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 NextHome Yvette Sloan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located one block from Main Street. The property features a welcoming lobby, a reception office, a large conference room with large windows, and three private offices. It also includes a kitchenette and a bathroom. Four off-street parking spaces are available. The property is suitable for various business needs, offering a strategically located workspace with essential amenities. The walk score is 73, indicating it is very walkable, and the bike score is 48, indicating it is somewhat bikeable.
Key Highlights
- Prime Location: One block from Main St., offering high visibility and accessibility.
- Off‑Street Parking: Includes four dedicated parking spaces, a valuable asset in a commercial area.
- Functional Layout: Features a welcoming lobby, reception office, large conference room, and three private offices.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,805
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,100
$536.1K
Cap Rate 7%
$382,929
$382.9K
Cap Rate 9%
$297,833
$297.8K
Market Conditions
NOI Build-Up for 1,273 SF
Gross rent
$44.5K $34.92/SF
− Vacancy
−$8.7K −$6.84/SF
EGI
$35.7K $28.08/SF
− OpEx
−$8.9K −$7.02/SF
NOI
$26.8K $21.06/SF
Area
Lake County, CA
Vacancy
19.60%
Lease Rate
$34.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,100
Cap Rate 7%
$382,929
Cap Rate 9%
$297,833
Alternative Uses
Best Use
Office B
$382.9K
$335.1K – $446.8K
NOI $26,805 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.9K
$447.1K – $596.1K
NOI $35,765 @ 7.0% cap · market cap 11.00%
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
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
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
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 unit - Commercial property featuring a welcoming lobby and essential amenities.
Where is this office unit located?
The property is located at 390 N Forbes St Lakeport, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime Location: One block from Main St., offering high visibility and accessibility.; Off‑Street Parking: Includes four dedicated parking spaces, a valuable asset in a commercial area.; Functional Layout: Features a welcoming lobby, reception office, large conference room, and three private offices.
