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Property profile

14832 Lakeshore Dr Clearlake, CA 95422

FOR SALE
Investment properties
Property ID
US09-0413065
1,625 SF 0.31 ac lot Built 1947
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 1,820 square foot office building is situated on a desirable 0.31-acre lot at 14832 Lakeshore Drive, Clearlake, CA. Boasting a prime location on the town's main thoroughfare, this property offers significant versatility. The building currently houses a construction company, showcasing its adaptability. Previously used as solely office space, the layout includes six individual offices, a bathroom, and a kitchen area. Ample parking is available, with at least eight spaces, and potentially more. In addition to the main office building, the property includes a valuable small warehouse/garage and a separate shed, providing extra storage or workspace. The sizable yard offers further potential for expansion or outdoor activities. The asking price is $295,000. Owner financing may be available

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1947
Construction TILT-UP CONCRETE
Total area 1,625 SF
Lot 0.31 ac (13,503 SF)
APN 040-234-400-000
UPID US09-0413065

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
  • Electrical Service General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2018
7 recorded transactions
2018
$240,000
2018
Price N/A
2017
Price N/A
2017
Price N/A
2009
Price N/A
2009
$200,000
1999
$105,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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