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Property profile

14400 Lakeshore Dr Clearlake, CA 95422

OFF-MARKET
Investment properties
Property ID
US10-2537359
584 SF 0.13 ac lot Built 1936
Individually Owned 11-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional mixed-use investment opportunity presents three commercial buildings nestled in the heart of downtown Clearlake, California. The property boasts a total of 1,500 square feet situated on a 0.13-acre lot. Its enviable location places it directly across from the lake, offering unparalleled visibility and appeal. The configuration of three separate buildings presents a unique advantage for investors seeking diverse income streams. The potential exists to occupy one building while generating rental income from the other two, creating a lucrative and convenient investment strategy. This property is ideal for a variety of uses, from retail and office spaces to residential conversions, subject to local zoning regulations. The buildings' proximity to the lake provides a significant draw for potential tenants and customers, enhancing the overall value and desirability of the investment. The property's central downtown location ensures high foot traffic and easy access to local amenities. This is a rare chance to acquire a substantial commercial property in a thriving lakeside community at an attractive price point of $208,500. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1936
Total area 584 SF
Lot 0.13 ac (5,662 SF)
APN 040-162-230-000
UPID US10-2537359

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$190k

Owner & transaction history

since 2014
7 recorded transactions
2014
$74,500
2013
$75,000
2010
$165,159
2008
Price N/A
2008
Price N/A
1998
$11,500
1996
$16,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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