Auto Body Shop and Warehouse
For Sale
$900,000
6895 Old Hwy 53, Clearlake, CA 95422
Two commercial buildings along Old Highway 53 include an auto body shop with spray booth and a separate-utilities warehouse with office.
Property Size6,384 SF
Price / SF$140.98
Days on Market47
Property Features for 6895 Old Hwy 53
General Information
Standard status
Active
Size
6,384 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
Safer Properties
Listed By:
Eric Sory · License #02230649
(707) 206-4500
Source:
Myfabuloushome
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 8 at 4:01AM
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 Safer Properties
Investment Insights
Based on property information with market context.
This offering includes two separate commercial buildings on one property, with the first building serving as an auto body shop. The building includes a spray booth built inside, supporting automotive-focused operations. The second building has been used as a warehouse and includes office space. The property also features its own separate utilities.
The buildings are located along Old Highway 53, providing convenient access along a primary commercial corridor. The property is zoned for commercial use, and potential uses may include business, retail, office, service, and other commercial activities, subject to applicable zoning regulations and City approvals.
Buyers should independently verify zoning, permitted uses, development potential, utilities, property dimensions, and all other property information with the City of Clearlake and appropriate governmental agencies.
The buildings are located along Old Highway 53, providing convenient access along a primary commercial corridor. The property is zoned for commercial use, and potential uses may include business, retail, office, service, and other commercial activities, subject to applicable zoning regulations and City approvals.
Buyers should independently verify zoning, permitted uses, development potential, utilities, property dimensions, and all other property information with the City of Clearlake and appropriate governmental agencies.
Key Highlights
- Two commercial buildings along Old Highway 53 in Clearlake
- ~5,400 SF building previously used as an auto body shop with an internal spray booth
- Second building used as a warehouse with office space
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
$79,115
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
8.79%
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%
$1,582,300
$1.6M
Cap Rate 7%
$1,130,214
$1.1M
Cap Rate 9%
$879,056
$879.1K
Market Conditions
NOI Build-Up for 6,384 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
$118.0K $18.48/SF
− Vacancy
−$5.0K −$0.78/SF
EGI
$113.0K $17.70/SF
− OpEx
−$33.9K −$5.31/SF
NOI
$79.1K $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 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%
$1,582,300
Cap Rate 7%
$1,130,214
Cap Rate 9%
$879,056
Alternative Uses
Best Use
Retail
$1.13M
$988.9K – $1.32M
NOI $79,115 @ 7.0% cap · market cap 8.79%
Second Best
Industrial
$748.9K
$655.3K – $873.7K
NOI $52,424 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,358 @ 7.0% cap · market cap 19.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95422, CA
17,017
Population
7,890
Households
2.2
Avg Household Size
38
Median Age
8%
College-Educated
80%
High-School Grad
26.9 sq mi
ZIP Area
633
Density / Sq Mi
$42,080
Median Household Income
$28,945
Median Earnings
$1,162
Median Rent
$206,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Burrell's Automotive — 7070 Old Hwy 53, Clearlake, CA 95422
- Walmart Auto Care Centers — 15960 Dam Rd, Clearlake, CA 95422
- C & G AUTO BODY — 6985 Old Hwy 53, Clearlake, CA 95422
- Gustafson Enterprise LLC — 6965 Old Hwy 53, Clearlake, CA 95422
- Augie's Auto & Boat Upholstery — 5647 Jones Ave, Clearlake, CA 95422
Frequently Asked Questions
What type of property is this?
Auto shop - Two commercial buildings along Old Highway 53 include an auto body shop with spray booth and a separate-utilities warehouse with office.
Where is this auto shop located?
The property is located at 6895 Old Hwy 53 Clearlake, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two commercial buildings along Old Highway 53 in Clearlake; ~5,400 SF building previously used as an auto body shop with an internal spray booth; Second building used as a warehouse with office space
