14915 Olympic Dr, Unit O Clearlake, CA 95422-9524
- Investment properties
- 21,000 SF
- 0.88 lot acres
Current Use by Public Records
- Clearlake TV & Appliance / Money Order Service
- Western Union / Money Transfer Service
- General Precision Machining / Machine Shop
- Eleanor Consultation, Inc / Store
- Autocon Mixing Systems / Manufacturer
Property Details for 14915 Olympic Dr
- Year built
- 1982
- Lot size
- 0.88 lot acres
- Property size
- 21,000 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 039-550-450-000
- APU
- 39550450000
Description
This exceptional Clearlake, CA investment opportunity presents a 40,000 square foot warehouse situated on a 2.15-acre lot at 14915 Olympic Drive, Unit O. Currently, 80% of the warehouse space is leased, providing immediate and substantial rental income. The property boasts a coveted C4 zoning designation and possesses all necessary permits for cannabis cultivation, opening doors to a diverse range of potential uses. Security features include a gated entrance, security cameras, and alarms, ensuring peace of mind. The warehouse is equipped with 3-phase power, city water, and sewer connections, catering to a variety of operational needs. Built with durable, low-maintenance materials – a solid metal construction and concrete slab flooring – this property is designed for longevity. Its strategic location directly across from a Safeway shopping mall ensures high visibility and convenient accessibility for both tenants and customers. Seller financing is available, making this an even more attractive proposition for discerning investors seeking a high-return asset with significant upside potential. The property's size, location, and existing infrastructure make it ideal for a variety of businesses, from storage and distribution to cannabis cultivation and other permitted uses. This is a rare opportunity to acquire a substantial, income-generating property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $580,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $525,000
- Geo Method
- $690,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $545,000
- Retail
- $475,000
- Mixed-Use
- $635,000
- Hospitality
- $510,000
- Educational
- $600,000
- Residential Income
- $625,000
- Energy
- $605,000
- Income-Based Land
- $595,000
- Food Service
- $565,000
Location Insight
- Map
- Local Demand
- City
- Clearlake
- County
- Lake
- State
- California
- Longitude
- -122.633
- Latitude
- 38.9613
- CBSA code
- 17340
- CBSA name
- CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA
