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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21321 State Highway 175 Middletown, CA 95461

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2882716
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 21321 State Highway 175

    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity in Middletown, CA, featuring a prime .25-acre commercial lot (10,981 sq ft) situated on State Highway 175. This strategically located property boasts excellent visibility and accessibility, positioned within two blocks of the intersection with Highway 29, placing it in the heart of Middletown's commercial district. The lot benefits from its proximity to two thriving commercial complexes, including the well-known Red Barn, which houses numerous businesses. The property offers significant frontage on Highway 175, ensuring easy access for potential developments. Recently cleared, the lot is ready for construction, with readily available water, sewer, and electricity connections. The C2 zoning allows for a wide range of commercial uses, presenting nearly limitless possibilities for development. The seller is open to considering financing options for the land purchase. All construction projects will require approval from Lake County. This is a rare opportunity to acquire a highly desirable commercial lot in a growing area. Don't miss out on this chance to build your business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Lake
    State
    California
    Longitude
    -122.617136
    Latitude
    38.752591

    Comparable in this City

    • $165,000

      Loch Lomond Specialty Property

      Specialty property for sale in Loch Lomond, California.
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      Land with Existing Utilities

      Land with utilities, former cabin site, motivated seller.
      11081 Hot Springs Rd, Middletown, CA 95461
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    • $95,000
      335,412.00 Acres

      Cobb Land with Panoramic Views

      Secluded 7.7 acre parcel with breathtaking panoramic views.
      17655 Ford Flat Rd, Middletown, CA 95461
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    • $75,000
      12,197.00 Acres

      Middletown Land Development Opportunity

      R3 zoned land in downtown Middletown with water meter.
      21255 Bush St, Middletown, CA 95461
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    • $300,000

      Land Parcels Near Middletown

      Three separate land parcels with utilities near Middletown and Calistoga.
      23670 West Rd, Middletown, CA 95461
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    • Contact for pricing
      43,560.00 Acres

      Acre Parcel with Canyon Views

      One acre parcel in Loch Lomond with canyon views.
      11256 Loch Lomond Rd, Loch Lomond, CA 95461
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    Similar Nearby for Sale

    • $165,000

      Loch Lomond Specialty Property

      Specialty property for sale in Loch Lomond, California.
      10354 Mulberry St, Loch Lomond, CA 95461
      View Details
    • Contact for pricing

      Land with Existing Utilities

      Land with utilities, former cabin site, motivated seller.
      11081 Hot Springs Rd, Middletown, CA 95461
      View Details
    • $95,000
      335,412.00 Acres

      Cobb Land with Panoramic Views

      Secluded 7.7 acre parcel with breathtaking panoramic views.
      17655 Ford Flat Rd, Middletown, CA 95461
      View Details
    • $75,000
      12,197.00 Acres

      Middletown Land Development Opportunity

      R3 zoned land in downtown Middletown with water meter.
      21255 Bush St, Middletown, CA 95461
      View Details
    • $300,000

      Land Parcels Near Middletown

      Three separate land parcels with utilities near Middletown and Calistoga.
      23670 West Rd, Middletown, CA 95461
      View Details
    • Contact for pricing
      43,560.00 Acres

      Acre Parcel with Canyon Views

      One acre parcel in Loch Lomond with canyon views.
      11256 Loch Lomond Rd, Loch Lomond, CA 95461
      View Details
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    21321 State Highway 175
    Middletown, CA 95461
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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