Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6150 None Lucerne, CA 95458
    Back to Search
    Property profile & analytics

    6150 None Lucerne, CA 95458

    View on Map
    • Mixed-use properties
    • 0.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 6150 None

    Year built
    1948
    Lot size
    0.20 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property in Lucerne, California presents a unique opportunity for both business and residential use. Located on Highway 20, the property boasts unparalleled visibility and accessibility for any commercial venture. The main building is a fully equipped and beautifully remodeled restaurant, ready for immediate operation. The interior has been meticulously updated by the current owners, providing a pristine and efficient space for both dine-in customers and kitchen operations. Adding to its appeal is an attached studio apartment, perfect for owner occupancy or rental income, offering a seamless live/work balance. The property sits on a 0.2-acre lot, providing ample space for outdoor seating or potential expansion. Priced at $249,000, this turn-key operation represents an exceptional value in a prime location. The combination of a high-traffic location, a fully renovated restaurant, and the convenience of an attached studio makes this a truly rare find. Don't miss this chance to own a thriving business and comfortable living space in one convenient package. The property is situated at 6150 E Highway 20 in Lucerne, CA. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lucerne
    County
    Lake
    State
    California
    Longitude
    -122.798
    Latitude
    39.0921

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      6110 State Hwy 20 Hwy

      Mixed-use properties • 5,000 SF
      6110 State Hwy 20 Hwy, Lucerne, CA 95458
      View Details
    • Value Estimation by Request
      68,000 SF

      3700 Country Club Dr

      Churches & religious facilities • 68,000 SF
      3700 Country Club Dr, Lucerne, CA 95458
      View Details
    • Value Estimation by Request
      448 SF

      5980 Hwy 20

      OFFICE/RESIDENTIAL (MIXED USE) • 448 SF
      5980 Hwy 20, Lucerne, CA 95458
      View Details
    • Value Estimation
      $555,000
      2,958 SF

      6244 Hwy 20

      OFFICE/RESIDENTIAL (MIXED USE) • 2,958 SF
      6244 Hwy 20, Lucerne, CA 95458
      View Details
    • Value Estimation by Request
      2,880 SF

      6020 Hwy 20

      OFFICE/RESIDENTIAL (MIXED USE) • 2,880 SF
      6020 Hwy 20, Lucerne, CA 95458
      View Details
    • Value Estimation by Request
      166.89 Acres

      10498 Bartlett Spgs Rd

      VACANT COMMERCIAL LAND • 166.89 Acres
      10498 Bartlett Spgs Rd, Lucerne, CA 95458
      View Details

    Similar Nearby for Sale

    • $2,995,000
      53,000 SF

      Historic Landmark Resort Hotel Building

      Partially remodeled 53,000 SF resort hotel on 7+ acres.
      3700 Country Club Dr, Lucerne, CA 95458
      View Details
    • Contact for pricing
      13,068.00 Acres

      Lucerne Land Lot For Sale

      Residential land in Lucerne, CA, near end of cul-de-sac.
      4219 Windsor Way, Lucerne, CA 95458
      View Details
    • $68,000
      26,136 SF

      Glenhaven Land Opportunity Near Lake

      5.28 acres of land for custom development near Clear Lake.
      7625 Verna Way, Lucerne, CA 95458
      View Details
    • $47,527
      8,276.00 Acres

      Lucerne Land Lot For Sale

      Large lot near the lake, suitable for building a home.
      5857 Roland Dr, Lucerne, CA 95458
      View Details
    Request Owner's contact information
    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.
    6150 None
    Lucerne, CA 95458
    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
    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

    Thank You for Inquiry
    6150 None, Lucerne, CA, 95458
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!