14915 Olympic Dr O, Clearlake, CA 95422-9524
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.