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Property profile & analytics
OFF-MARKET
Office buildings
12858 Hwy 20 Clearlake Oaks, CA 95423-9325
Individually Owned
1-yr Hold
Free & Clear
Property ID
US10-3065229
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
WOOD
Total area
728 SF
Lot
0.11 ac (4,791 SF)
Zoning code
R2
APN
035-172-350-000
UPID
US10-3065229
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Philip Lee · 1 yrs held
Philip Lee
since 2024
Last sale
$175,000
7 recorded transactions
Zoning & alternative use
R2 · Clearlake Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clearlake Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearlake Oaks submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,069
Tax year 2024
Assessed value
$84,000
Assessed 2024
Previous assessed
$84,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$24,000
Assessed improvement
$60,000
Applied tax rate
60.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
728 SF
Lot
0.11 ac (4,791 SF)
Zoning code
R2
APN
035-172-350-000
UPID
US10-3065229
Jurisdiction
LAKE
Zoning & alternative use
R2 · Clearlake Oaks, CA
Zoning R2 · permitted uses
R2 · Clearlake Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clearlake Oaks. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Philip Lee
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX BOX, CLEARLAKE OAKS, CA 95423
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$175,000
Philip Lee
Larry Leonard
Grant Deed
—
Nov 13, 2023
$110,000
Larry Leonard
Theresa M Mchugh
Grant Deed
—
Feb 22, 2007
$155,500
Frank Mchugh
Smith T & J Family Trust
Grant Deed
$120,000 · Smith Thomas & J Family Trust
Aug 13, 2004
$120,000
Smith Thomas & Jeri Trust
Burritt,roland L & Elizabeth A
Grant Deed
$70,000 · Roland L & Elizabeth A Burritt
Apr 3, 2001
$42,500
Roland L Burritt
Noble Trust
Grant Deed
$32,000 · Jane
Jan 1, 1993
—
Noble,may G Trust
—
Grant Deed
related
—
Jan 1, 1992
—
—
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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