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    3162 Hill Rd Lakeport, CA 95453
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    Property profile & analytics

    3162 Hill Rd Lakeport, CA 95453

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    • Commercial real estate
    • 1,762 SF
    Off-Market
    Property ID
    US09-2584731
    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

    • Commercial real estate

    Property Details for 3162 Hill Rd

    Property size
    1,762 SF
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property in Lakeport, CA, presents a unique opportunity. The 1,762 square foot ranch-style home sits on a spacious 3.13-acre lot, offering ample space for various uses. The home features three bedrooms and two bathrooms, including a master suite with a private bathroom, walk-in closet, and additional storage. The open floor plan includes a spacious living room with a wood-burning stove, an open kitchen with tile counters, a stainless steel sink, and a second wood-burning stove. A separate laundry/mud room with a sink and storage adds convenience. The property also boasts a substantial 1,439 square foot, three-bay workshop with electric roll-up doors, an office, cabinets, and a full bathroom. This versatile space is ideal for a variety of uses, from storage to a home business. The expansive lot provides ample room for animals, gardening, or recreational activities. Conveniently located near Highway, hospital, Lakeport's downtown area, and the lake itself, this property offers both rural tranquility and easy access to amenities. The property is currently 100% occupied and is priced at $599,000. The property's address is 3162 Hill Rd E, Lakeport, CA 95453.

    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
    Lakeport
    County
    Lake
    State
    California
    Longitude
    -122.9244244
    Latitude
    39.075184

    Comparable in this City

    • $1,200,000
      0.09 Acres

      Lakeport Mixed-Use Investment Opportunity

      Historic Charm, Modern Upgrades, Prime Location
      302 Main St, Lakeport, CA 95453
      View Details
    • $599,000
      7,400 SF

      Lakeport Commercial Building For Sale

      Downtown Lakeport commercial building with retail shops and residence.
      301 N Main St N, Lakeport, CA 95453
      View Details
    • Contact for pricing
      2,000 SF

      Downtown Lakeport Commercial/Residential Opportunity

      Renovated office buildings with residential potential in downtown Lakeport.
      475 Forbes St, Lakeport, CA 95453
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.09 Acres

      Lakeport Mixed-Use Investment Opportunity

      Historic Charm, Modern Upgrades, Prime Location
      302 Main St, Lakeport, CA 95453
      View Details
    • $599,000
      7,400 SF

      Lakeport Commercial Building For Sale

      Downtown Lakeport commercial building with retail shops and residence.
      301 N Main St N, Lakeport, CA 95453
      View Details
    • Contact for pricing
      2,000 SF

      Downtown Lakeport Commercial/Residential Opportunity

      Renovated office buildings with residential potential in downtown Lakeport.
      475 Forbes St, Lakeport, CA 95453
      View Details

    Similar Nearby for Lease

    • $970 /Mo

      Downtown Lakeport Commercial Office Space

      Prime commercial space in downtown Lakeport with parking included.
      302 Lakeport Blvd, Lakeport, CA 95453
      View Details
    • Contact for pricing
      36,005 SF

      Retail Space in Lakeport, CA

      Retail property available for lease in Lakeport, California.
      2019 S Main St, Lakeport, CA 95453
      View Details
    • Contact for pricing

      Lakeport Medical Office Space Available

      Multi-tenant medical office complex in Lakeport's medical community.
      5154 Hill Rd E, Lakeport, CA 95453
      View Details
    • $1.25 SF/Yr
      1,536 SF

      Lakeport Retail and Office Space

      Office and retail building near Main Street in Lakeport, CA.
      150 3Rd St, Lakeport, CA 95453
      View Details
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    Lakeport, CA 95453
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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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