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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1260 Lake Blvd Davis, CA 95616

    • Community centers
    • 4.84 lot acres
    For Lease
    View listing
    $1.35 SF/Yr
    Last Sale
    Mar 24, 2022
    $357,000
    Value Estimations
    $415,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0401450
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • XtremeSignPost, Inc. / Clothing Store / Adventure Sports
    • T-Kumi Ramen & Rice Bowl / Ramen Restaurant / Asian Fusion Restaurant
    • Amey Kenneth a CPA / Accountant
    • Myra Nissen, Certified Homeopath Metabolic Balance / Homeopath
    • Mandro Teahouse / Tea House

    Property Details for 1260 Lake Blvd

    Year built
    1988
    Lot size
    4.84 lot acres
    Zone code
    P-D
    Property type
    Community centers
    APN
    036-380-007-000
    APU
    36380007000

    Description

    Westlake Plaza, located at 1260 Lake Blvd in Davis, CA 95616, offers a unique opportunity for businesses seeking executive office space within a vibrant mixed-use environment. This 70,000 square foot building, constructed in 1989, features 25 suites with a minimum divisible space of 201 square feet and a maximum contiguous space of 5,000 square feet. Currently, 10,308 square feet of space is available for lease. The property boasts convenient access to ample parking, with 150 spaces available (an 8/1,000 SF ratio). Elevators are available for easy access to all floors. The property is zoned PD, 10-81, Davis, and is situated in Yolo County. Westlake Plaza is strategically positioned in a thriving neighborhood retail center, anchored by established businesses such as Westlake Market, Dollar Tree, and Super Owl Brewery. Its location on Lake Boulevard, between W Covell Boulevard and Russell Boulevard, west of Highway 113, provides excellent visibility and accessibility, with close proximity to UC Davis student housing and established single-family residential areas. This makes it an ideal location for businesses seeking to tap into a diverse customer base. The property's mixed-use nature offers a dynamic and convenient environment for tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $415,000
      ML approach
      $490,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Davis
    County
    Yolo
    State
    California
    Longitude
    -121.787
    Latitude
    38.5541
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $88,588
    $2,181,365
    $5,259,204
    $7,440,569
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $435,000
      5,695 SF

      500 1st St Ste, Unit 1

      MINI-MALL • 5,695 SF
      500 1st St Ste, Davis, CA 95616-4654
      View Details
    • Value Estimation
      $950,000
      22,297 SF

      1411 Covell Blvd

      MINI-MALL • 22,297 SF
      1411 Covell Blvd, Davis, CA 95616-5934
      View Details
    • Value Estimation
      $2,480,000
      10,467 SF

      130 G St

      MINI-MALL • 10,467 SF
      130 G St, Davis, CA 95616-4699
      View Details
    • Value Estimation
      $585,000
      8.16 Acres

      757 Russell Blvd, Unit 885

      MINI-MALL • 8.16 Acres
      757 Russell Blvd, Davis, CA 95616-3400
      View Details
    • Value Estimation
      $980,000
      35,018 SF

      1431 Covell Blvd, Unit 51

      MINI-MALL • 35,018 SF
      1431 Covell Blvd, Davis, CA 95616-5932
      View Details
    • Value Estimation
      $840,000
      25,139 SF

      1321 Covell Blvd, Unit 61

      MINI-MALL • 25,139 SF
      1321 Covell Blvd, Davis, CA 95616-5947
      View Details

    Similar Nearby for Sale

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    • Contact for pricing

      Land for Sale in Davis

      Land available for purchase in Davis, California.
      1015 Olive Dr, Davis, CA 95616
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    • $2,540,000
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      Davis Office Building For Sale

      Office building suitable for medical, therapy, or R&D use.
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    Similar Nearby for Lease

    • Contact for pricing
      3,744 SF

      Retail Space in Davis Commons

      Retail space in architecturally award-winning neighborhood center.
      500 1St St, Davis, CA 95616
      View Details
    • Contact for pricing
      2,507 SF

      Retail Space in Davis Center

      Retail space for lease in a busy Davis shopping center.
      1411-1471 W Covell Blvd, Davis, CA 95616
      View Details
    • Contact for pricing
      1,710 SF

      Retail Space in Downtown Davis

      Retail space near UC Davis and local amenities.
      801 D St, Davis, CA 95616
      View Details
    • Contact for pricing
      1,340 SF

      Retail Space in Davis, CA

      Retail space available for lease in Davis, California.
      219 E St, Davis, CA 95616
      View Details
    • $1.35 SF/Yr
      70,000 SF

      Westlake Plaza: Davis Office Space

      Prime Davis location, executive suites available.
      1260 Lake Blvd, Davis, CA 95616
      View Details
    • Contact for pricing
      4,246 SF

      Downtown Davis Retail Space

      Prime Davis storefront, 4,246 sq ft.
      300 E St, Davis, CA 95616
      View Details
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    Davis, CA 95616
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    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
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