Commercial Parcel with Warehouse/Office
7070 Old Highway 53 Clearlake, CA 95422
For Sale
Contact for pricing
Acre commercial parcel with three steel warehouse/office buildings.
Property Size10,776 SF
Lot Size1.00 Acre
Price / SF$120.64
Days on Market724
Property Features for 7070 Old Highway 53
General Information
- Standard status
- Active
- Size
- 10,776 SF
- Lot size
- 1.00 Acre
- Property subtype
- Special Purpose, Land
Listing Agency:
CENTURY 21 EPIC - HIDDEN VALLEY LAKE
Listed By:
Brandt Peterson · License #CA
Source:
Crexi
Added: Aug 3, 2024
Changed: Jul 6
Last Checked: Jul 26 at 2:41PM
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 CENTURY 21 EPIC - HIDDEN VALLEY LAKE
Investment Insights
Based on property information with market context.
This acre commercial parcel features three separate steel warehouse/office buildings with concrete slab floors. The current occupants include an automotive repair facility with an office and bath, a garage door maintenance and sales business, an automotive detail service with an office and an upper two-bedroom, two-bath living area, and a machine shop. The automotive repair facility is approximately 2,400 square feet and includes three roll-up bay doors. The machine shop spans approximately 3,000 square feet and features three roll-up bay doors and a side door. The automotive detail facility covers 3,360 square feet and includes three roll-up bay doors, a side door, and the garage door sales and service. Attached to this is a stick-built, two-story building with 2,016 square feet, featuring a lower office and an upper living area.
Key Highlights
- Acre commercial parcel with three separate steel warehouse/office buildings.
- Multiple existing tenants including automotive repair, garage door maintenance/sales, and automotive detailing.
- Automotive detail facility includes a 2‑story building with office and 2‑bedroom, 2‑bath living area.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.5k | $12.48 |
| − Vacancy | −$8.1k | −$0.75 |
| EGI | $126.4k | $11.73 |
| − OpEx | −$37.9k | −$3.52 |
| NOI | $88.5k | $8.21 |
10,776 SF · lease $12.48/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.24M
$2.84M – $3.78M
NOI $226,908 @ 7.0% cap · market cap 17.45%
Second Best
Retail
$1.91M
$1.67M – $2.23M
NOI $133,544 @ 7.0% cap · market cap 10.27%
Theoretical Best
Office A
$4.33M
$3.78M – $5.05M
NOI $302,751 @ 7.0% cap · market cap 23.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Burrell's Automotive
Sustainability Organization
Sexton's Detailing & Wash
Car Wash
Similar Off Market Nearby
- Stonehedge — 6452 Francisco Ave, Clearlake, CA 95422
- South's Storage — 7050 Old Hwy 53, Clearlake, CA 95422
- Airport Storage — 6750 Old Hwy 53, Clearlake, CA 95422
- Clearlake Self Storage — 6925 Old Hwy 53, Clearlake, CA 95422
FAQs
What type of property is this?
Warehouse - Acre commercial parcel with three steel warehouse/office buildings.
Where is this warehouse located?
The property is located at 7070 Old Highway 53 Clearlake, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Acre commercial parcel with three separate steel warehouse/office buildings.; Multiple existing tenants including automotive repair, garage door maintenance/sales, and automotive detailing.; Automotive detail facility includes a 2‑story building with office and 2‑bedroom, 2‑bath living area.
