Property profile

14802 Lakeshore Dr Clearlake, CA 95422

OFF-MARKET
Retail space
Property ID
US09-2652285
2,880 SF 0.17 ac lot Built 1960
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Clearlake retail property, situated on Lakeshore Drive, presents a compelling investment opportunity. The main building, totaling 2,880 square feet, has undergone a recent renovation, including repainting and extensive repairs. This versatile space is ideal for a variety of retail or warehouse uses and features a convenient loading dock, central heating, and air conditioning. A separate 1,500-square-foot garage/storage building provides ample additional storage capacity. Both structures have been freshly repainted, showcasing a modern and well-maintained aesthetic. The property sits on a 0.28-acre lot, providing ample space for operations and potential future expansion. Significant upgrades exceeding $200,000 have been completed, ensuring a turnkey operation for the new owner. A new three-year lease, commencing November 2024, guarantees a stable income stream, minimizing vacancy risk and maximizing return on investment. This property offers a rare combination of prime location, modern amenities, and a secure lease, making it an attractive proposition for discerning investors seeking a strong return in the thriving Clearlake market. The asking price is $449,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 2,880 SF
Lot 0.17 ac (7,405 SF)
APN 040-234-350-000
UPID US09-2652285

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Courier Service Postal Service
  • Big Box & Wholesale Store

Location

14802 Lakeshore Dr Clearlake, CA 95422-8163
Clearlake metro Census 802 CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$175k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
2019
Price N/A
2018
$125,000
2015
$80,000
1997
Price N/A
1983
Price N/A

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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