Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21375 Main St Lakehead, CA 96051
    Back to Search
    Property profile & analytics

    21375 Main St, Lakehead, CA 96051

    View on Map
    • Bars & Pubs
    • 925 SF
    • 0.47 lot acres
    Off-Market
    Last Sale Apr 7, 2023
    $160,000
    Property ID
    US09-3556397
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Klub Klondike Bar and Restaurant / Restaurant
    • Klub Klondike / Bar & Pub

    Property Details for 21375 Main St

    Year built
    1953
    Construction
    WOOD
    Lot size
    0.47 lot acres
    Zone code
    MU
    Property type
    Bars & Pubs
    APN
    082-260-010-000
    APU
    82260010000

    Description

    This exceptional opportunity presents the historic Klub Klondike, a cherished Lakehead establishment operating for over 75 years. Known affectionately as "The Best Dive on I-5," this iconic bar and restaurant has recently undergone renovations, seamlessly blending its original character and charm with modern amenities. Its prime location along I-5, situated between Shasta Lake and Mount Shasta, ensures excellent signage and high visibility, attracting a steady stream of customers. The property encompasses a substantial 3,360 square feet, including a fully operational bar and restaurant area. Adding to its income-generating potential is an attached 2-bedroom, 1-bathroom apartment, providing additional rental income. Furthermore, the property includes RV spaces complete with full hookups, offering further revenue streams and expansion possibilities on the spacious land behind the building. A paved turnaround area caters to RVs and semi-trucks, enhancing convenience and accessibility. The sale includes a valuable 47 liquor license, a significant asset for continued operation and profitability. This turnkey business presents a rare chance to acquire a well-established, high-visibility property with multiple income streams and significant growth potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakehead
    County
    Shasta
    State
    California
    Longitude
    -122.383
    Latitude
    40.9062
    CBSA code
    39820
    CBSA name
    REDDING, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,289
    $71,400
    $137,700
    $209,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,828 SF

      19673 Lakeshore Dr

      NIGHTCLUB (COCKTAIL LOUNGE)
      19673 Lakeshore Dr, Lakehead, CA 96051
      View Details
    • Value Estimation by Request
      0.74 Acres

      20725 Lakeshore Dr

      RESTAURANT
      20725 Lakeshore Dr, Lakehead, CA 96051
      View Details
    • Value Estimation by Request
      4,000 SF

      20803 Antlers Rd

      SHOW ROOM, WAREHOUSE
      20803 Antlers Rd, Lakehead, CA 96051-9670
      View Details
    • Value Estimation by Request
      1.02 Acres

      20749 Lakeshore Dr

      CONVENIENCE STORE (W/FUEL PUMP)
      20749 Lakeshore Dr, Lakehead, CA 96051-9523
      View Details
    • Value Estimation
      $925,000
      9.50 Acres

      24235 Eagles Roost Rd

      RETAIL STORES (PERSONAL SERVICES)
      24235 Eagles Roost Rd, Lakehead, CA 96051-9507
      View Details
    • Value Estimation by Request
      0.15 Acres

      20749 Lakeshore Dr

      CONVENIENCE STORE (W/FUEL PUMP)
      20749 Lakeshore Dr, Lakehead, CA 96051-9523
      View Details

    Similar Nearby for Sale

    • $55,000
      71,438.00 Acres

      Lakehead Land Ready for Development

      1.64-acre lot near Lake Shasta with utilities and flexible zoning.
      21138 Big Oak Ln, Lakehead, CA 96051
      View Details
    • Contact for pricing
      Pending

      Shasta Lake RV Resort Campground

      RV resort and campground near Shasta Lake with multiple amenities.
      20433 Lakeshore Dr, Lakehead, CA 96051
      View Details
    • $625,000
      Pending

      Lakehead School on 9+ Acres

      School property with multiple buildings and mixed-use zoning.
      18300 Antler School Rd, Lakehead, CA 96051
      View Details
    • $70,000
      0.42 Acres

      Lakehead Land Near Lake Shasta

      Residential land near Lake Shasta with utilities at lot line.
      Doney St, Lakehead, CA 96051
      View Details
    • New
      $748,800
      2,636 SF

      Single-Family Home with Pool

      4-bedroom, 3-bath home on 2.5 acres with an on-site pool and outdoor entertaining space.
      19754 Solus Campground Rd, Lakehead, CA 96051
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21375 Main St
    Lakehead, CA 96051
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21375 Main St, Lakehead, CA, 96051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!