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Property profile & analytics
OFF-MARKET
Office Spaces

21249 None Middletown, CA 95461

Property ID
Property summary
AI-generated overview

This exceptional Middletown property, located at 21249 Hwy 175, offers a unique blend of immediate income potential and future development opportunities. Currently configured as a church with integrated office spaces and a large event room complete with a well-equipped kitchen, the property presents versatile functionality. The building sits on a 0-acre lot and is priced at $875,000. A significant advantage is the dual R1 and R2 zoning, resulting from the recent consolidation of two parcels. This dual zoning opens the door to a variety of uses, including multi-family development, maximizing the property's investment potential. Its strategic location along Hwy 175 ensures high visibility, benefiting from a daily traffic count exceeding 3200 vehicles. Further enhancing its accessibility, the property is just a block from Hwy 29, with over 11,000 vehicles passing daily. This prime location makes it ideal for a range of uses, from establishing a family compound to developing a lucrative multi-family residential project. The property's combination of existing income streams and future development potential makes it a compelling investment opportunity in the thriving Middletown market, the gateway to Lake County. The square footage is not currently available.

Property profile
Verified
Property type Office Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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