Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6925 Hammond Ave Upper Lake, CA 95485

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    16.75 Acres, Multi-Family Potential

    Property Features for 6925 Hammond Ave

    General Information

    Property type
    Land
    Lot Size
    729,630 SF

    We can help!

    Listing Contact
    James Magliulo
    James Magliulo

    Listing Agency: Country Air Properties Listing Agent: James Magliulo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 16.75-acre property, located at 6925 and 6965 Hammond Ave, Upper Lake, CA 95485 (APN: 031-052-170 and 031-052-220), presents a remarkable opportunity for multi-family development. Zoned PDR R1, this land allows for the construction of multiple single-family residences. Conveniently situated off Highway 20, it offers easy access to shops, restaurants, and public transportation. The property boasts a significant advantage: it was filled and compacted in 2008, providing a solid foundation for any construction project. Previous development studies from 2008 are available, and the land could be resubmitted for approval based on these existing plans. Its location near Clear Lake adds to its appeal, offering residents a tranquil natural setting. Furthermore, this property is located within an Opportunity Zone, providing potential tax benefits for investors. The asking price is $759,000, and seller financing may be available. This is an ideal investment for developers seeking to create a thriving residential community in a desirable location. Don't miss this chance to capitalize on this prime development land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Department Store Bar & Pub Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Upper Lake
    County
    Lake
    State
    California
    Longitude
    -122.86523302047
    Latitude
    39.127536308988

    Nearby Similar for Sale

    • $599,000
      20.25 Acres

      Turn-Key Cannabis Farm Opportunity

      20-acre cannabis farm with approved permits near Upper Lake.
      1580 Hunter Point Rd, Upper Lake, CA 95485
      View Details
    • $250,000
      1,256 SF

      Highway 20 Commercial Parcels

      Mixed-use property with high visibility in Upper Lake, CA.
      3527 E State Highway 20, Upper Lake, CA 95485
      View Details
    • $1,045,000
      2,000 SF

      Established RV Park with Lakefront

      RV Park with lake access, boat ramp, and dock.
      2630 Lakeshore Blvd, Upper Lake, CA 95485
      View Details

    FAQs

    What type of property is this?
    Land - 16.75 Acres, Multi-Family Potential
    Where is this land located?
    The property is located at 6925 Hammond Ave Upper Lake, CA.
    What is the asking price?
    The asking price for this property is $759,000.
    What are key features of this property?
    This property features: 16.75-acre multi-family development opportunity in Upper Lake, CA.; Zoned PDR R1, allowing for single-family residential construction.; Previously filled and compacted (2008), with available development studies for potential resubmission.
    (707) 263-5729 Call to check price and availability
    Request Owner's contact information
    6925 Hammond Ave Upper Lake, CA 95485
    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.
    6925 Hammond Ave
    Upper Lake, CA 95485
    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
    6925 Hammond Ave Upper Lake, CA 95485
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Magliulo
    James Magliulo
    Real Estate License ID: 01852966
    (707) 263-5729 (707) 263-2620
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!