Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $1,855,000
    Investment properties

    14915 Olympic Dr O, Clearlake, CA 95422-9524

    21,000 SF 0.88 ac lot Built 1982
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US10-2967045
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Clearlake TV & Appliance Check Cashing
    • Western Union Bank Credit Union
    • General Precision Machining Industrial Manufacturer
    • Eleanor Consultation, Inc Department Store
    • Autocon Mixing Systems 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
    $1.86M
    Owner & transaction history
    Howard Levin · 20 yrs held
    Howard Levin
    since 2005
    5 recorded transactions
    2017
    2005
    $401,000
    2003
    2000
    2000
    $875,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    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.
    List this address →
    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