Technical
Financial
Distress signals
Property profile

302 Main St Lakeport, CA 95453

FOR SALE
Retail space
Property ID
US09-1259590
7,400 SF 0.22 ac lot Built 1950
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

A renovated mixed-use building with main-street retail and two upstairs apartments, rebuilt and updated between 2018 and 2022 after being taken down to the studs. The ground-floor retail/gallery level features approximately 13-foot-tall ceilings, historic brick walls, modern lighting, mini-split heating and cooling, multiple storage rooms, a restroom, and a designated street entrance. The upper level contains two apartments: one with views toward Main Street and the Courthouse Museum Square and clock tower area, and a second with lake views plus a private balcony overlooking Clear Lake and Library Park; both apartments include tiled bathrooms with custom vanities, luxury vinyl plank flooring, recessed lighting, custom cabinetry, LG ThinQ smart appliances, large picture windows, and mini-split systems. Building upgrades include a monitored alarm system connection and fire sprinklers. The property is located within a Central Business zoning designation permitting multiple uses such as retail, cafes, bars/taverns, and professional offices, and includes two parking spaces on the backside with access to a rear entrance for the main floor.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction WOOD
Total area 7,400 SF
Lot 0.22 ac (9,583 SF)
APN 025-501-040-000
UPID US09-1259590

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
  • Furniture & Home Goods Home Decor Store

Location

302 Main St Lakeport, CA 95453
Lakeport metro Census 402 CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2023
Last sale
$250,000
6 recorded transactions
2023
Price N/A
2018
Price N/A
2018
$260,000
2005
Price N/A
1998
$250,000
1991
Price N/A

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
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