You are browsing as a guest. Register to access key data for free.
Property profile

14915 Olympic Dr O Clearlake, CA 95422

OFF-MARKET
Investment properties
Property ID
US10-2967045
21,000 SF 0.88 ac lot Built 1982
Individually Owned 20-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1982
Total area 21,000 SF
Lot 0.88 ac (38,332 SF)
APN 039-550-450-000
UPID US10-2967045

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
  • Check Cashing
  • Bank Credit Union
  • Industrial Manufacturer
  • Department Store
  • Industrial Manufacturer Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.96M
Blend (final) Blend
$495k

Owner & transaction history

since 2005
5 recorded transactions
2017
Price N/A
2005
$401,000
2003
Price N/A
2000
Price N/A
2000
$875,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14915 Olympic Dr, Unit O?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message