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 Market771
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: Aug 27
Last Checked: Sep 12 at 6:26AM
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
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
$88,491
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
6.81%
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%
$1,769,820
$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
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
$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 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%
$1,769,820
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
216
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
