Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot with Lake View Title is generated by Realmo AI

    4681 W 40th Street, Clearlake, CA 95422

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land/Lot - Clearlake, CA

    Lot size:
    14,810.00 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    105
    Last Refresh:
    May 11 at 8:06 pm

    Property Features for 4681 W 40th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RL
    Exterior features
    Community Features Included: Watersports, Horse Trails, Golf, Hiking, Fishing, Blm/National Forest, Lake, Preserve/Public Land, Park, Hunting
    Standard status
    Active
    APN
    040172400000
    Lot size
    14,810.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Natalie Phillips

    Listing agent Natalie Phillips License #01071997

    Listing office Country Air Properties 16295 Hwy 175, Lakeport, CA

    Listing date Jan 26, 2026

    MLS# LC26016879 Listing URL

    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.

    HighLights

    • Large lot with easy build potential.
    • Enjoy the LAKE VIEW from your new home.
    • Convenient location near major shopping.
    • Short distance (few blocks) to the lake.
    • Access to numerous outdoor activities (fishing, golf, hiking, horse trails, watersports).
    • Proximity to BLM/National Forest and Preserve/Public Land.

    Overview

    This residential lot, located in Clearlake, CA, offers an easy build opportunity with potential lake views. Situated in a convenient neighborhood near major shopping areas, the property is just a few blocks from the lake. The lot size is approximately 0.339 acres and is zoned RL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clearlake
    County
    Lake
    State
    California
    Longitude
    -122.6368937
    Latitude
    38.9523245

    Nearby Similar for Sale

    • $595,000
      1,600 SF

      Lakefront Restaurant Venue in Clearlake

      Restaurant-ready venue with lake access, patio, and liquor license.
      14625 Lakeshore Drive, Clearlake, CA 95422
      View Details
    • $325,000
      2,800 SF

      Unique Geodesic Dome Office Building

      Distinctive Clearlake office space with unique architectural design.
      3610 Old Highway 53, Clearlake, CA 95422
      View Details
    • $675,000
      5,000 SF

      Clearlake Commercial Shop For Sale

      5,000 SF commercial shop in Clearlake, CA for sale.
      4314 Old Highway 53, Clearlake, CA 95422
      View Details
    • $295,000
      3,700 SF

      Updated Office Building on Lakeshore

      3,700 sq ft office building in prime Clearlake location.
      14092 Lakeshore Drive, Clearlake, CA 95422
      View Details
    • $144,900

      Turnkey Drive-Thru Coffee Shop Opportunity

      Drive-thru coffee shop on main road near future baseball fields.
      14760 Olympic Drive, Clearlake, CA 95422
      View Details
    • $119,000

      Highway Retail Opportunity in Clearlake

      Retail property on Lakeshore Drive at Highway 53 in Clearlake.
      15363 Palm AVE, CLEARLAKE, CA 95422
      View Details
    • $325,000
      2,800 SF

      Unique Geodesic Dome Office Space

      Distinctive Clearlake office building designed by Buckminster Fuller.
      3610 Old Highway 53, Clearlake, CA 95422
      View Details
    • $675,000
      5,000 SF

      Clearlake Commercial Shop For Sale

      5,000 Sq Ft shop in prime Clearlake location.
      4314 Old Highway 53, Clearlake, CA 95422
      View Details
    • $449,000
      2,200 SF

      Well-Maintained Clearlake Triplex For Sale

      Updated three-unit property with stable rental income in Clearlake, CA.
      14840 Valley, Clearlake, CA 95422
      View Details
    • $198,000
      1,536 SF

      Clearlake Commercial Live-Work Opportunity

      Commercial building with live-work space and business potential.
      14875 Olympic Drive, Clearlake, CA 95422
      View Details
    • $55,000

      Prime Commercial Land in Clearlake

      Commercial land in a high-traffic shopping district.
      3516 Cypress, Clearlake, CA 95422
      View Details
    • $35,000

      Clearlake Vacant Lot Opportunity

      Vacant lot in Clearlake, CA, ready for development.
      4219 Sunset, Clearlake, CA 95422
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large lot near lake, easy to build, convenient location.
    Where is this residential land & home lot located?
    The property is located at 4681 W 40th Street Clearlake, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large lot with easy build potential.; Enjoy the LAKE VIEW from your new home.; Convenient location near major shopping.
    (415) 408-1587
    We can help!
    Listing Contact
    Natalie Phillips
    Real Estate License ID: 01071997
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4681 W 40th Street, Clearlake, CA 95422
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!