Commercial Parcel with Warehouse/Office
For Sale
Contact for pricing
7070 Old Highway 53, Clearlake, CA 95422
Acre commercial parcel with three steel warehouse/office buildings.
Property Size10,776 SF
Lot Size1.00 Acre
Price / SF$120.64
Days on Market816
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:
David Hughes · License #CA
(707) 489-6297
Source:
Crexi
Added: Aug 3, 2024
Changed: Oct 26
Last Checked: Oct 26 at 12:40PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$88,491
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,769,820
$1.8M
Cap Rate 7%
$1,264,157
$1.3M
Cap Rate 9%
$983,233
$983.2K
Market Conditions
NOI Build-Up for 10,776 SF
Gross rent
$134.5K $12.48/SF
− Vacancy
−$8.1K −$0.75/SF
EGI
$126.4K $11.73/SF
− OpEx
−$37.9K −$3.52/SF
NOI
$88.5K $8.21/SF
Area
Lake County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,769,820
Cap Rate 7%
$1,264,157
Cap Rate 9%
$983,233
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- South's Storage — 7050 Old Hwy 53, Clearlake, CA 95422
- Clearlake Self Storage — 6925 Old Hwy 53, Clearlake, CA 95422
- Airport Storage — 6750 Old Hwy 53, Clearlake, CA 95422
- Stonehedge — 6452 Francisco Ave, Clearlake, CA 95422
Frequently Asked Questions
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.
