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Property profile & analytics
OFF-MARKET
Retail space
14420 Lakeshore Dr Clearlake, CA 95422-8119
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2030446
Property summary
AI-generated overview
The Smith Building, a Class C, multi-tenant office property located at 14420 Lakeshore Dr, Clearlake, CA 95422, presents a compelling investment opportunity. This 6,600 square foot building sits on a 0.47-acre lot and is comprised of one building with six units, including three retail/office spaces, a storage unit, and two residential units. Currently operating at 100% occupancy with four tenants under a net lease, the property generates immediate income. The asking price is $775,000, representing a price per square foot of $117.42 and a 5.50% cap rate. The property is zoned for commercial use and features ample onsite parking. Its prime location in Clearlake offers convenient access to shopping, dining, and public transportation, while also being situated near the attractive Clear Lake and numerous wineries. The property's well-maintained condition ensures a hassle-free ownership experience, making it ideal for investors seeking a live-work setup or an Airbnb investment. The APN is 040-162-030 / 040-162-240 / 040-162-250. Owner financing is available.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
4,929 SF
Lot
0.11 ac (4,791 SF)
APN
040-162-030-000
UPID
US09-2030446
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
Current use
Occupant on record · Public records
-
Salvation Army Church Mosque
-
Clearlake Services Department Of Motor Vehicles Cell Phone Accessory Store
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Lake Links Freight Service Logistics Company
-
SculptingVision Graphics (Bike/Boat/Book/etc) Store Printing Service
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Pampered Pooch (Bike/Boat/Book/etc) Store Pet Store & Service
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
Kevin Hammes · 2 yrs held
Kevin Hammes
since 2023
4 recorded transactions
Zoning & alternative use
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearlake 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
$2,267
Tax year 2024
Assessed value
$119,327
Assessed 2024
Previous assessed
$119,327
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$42,421
Assessed improvement
$76,906
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
NONE
Total area
4,929 SF
Lot
0.11 ac (4,791 SF)
APN
040-162-030-000
UPID
US09-2030446
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kevin Hammes
Individual
Free & Clear · 2 yrs held
Mailing address
747 PEARL CT, GLENHAVEN, CA 95443-8405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Kevin Hammes
Melanie Martinez
Transfer On Death Deed
—
Apr 3, 2023
—
Jeffrey M Smith
Jeffrey M Smith
Intrafamily Transfer
related
—
Jan 1, 1991
$150,000
Smith,jeffrey
Equity Preservation INC
Grant Deed
related
—
Jan 1, 1983
—
—
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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