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Property profile & analytics
FOR SALE
Turn key restaurants
370 Main St, Lakeport, CA 95453-5021
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0282530
For Sale
1 / 25
$450,000
370 Main St, Lakeport, CA 95453-5021
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1935
Construction
WOOD
Total area
4,850 SF
Lot
0.57 ac (24,829 SF)
APN
025-501-130-000
UPID
US09-0282530
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
-
Drinx Bar & Grill Bar & Pub Restaurant
-
Mark S. Loebs, MFT Marriage Or Relationship Counselor
-
Kind Lending, LLC Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Colonial Main LLC
The Colonial Main LLC
since 2025
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lakeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,591
Tax year 2024
Assessed value
$513,086
Assessed 2024
Previous assessed
$513,086
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$241,453
Assessed improvement
$271,633
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1935
Construction
WOOD
Heating
NONE
Bathrooms
1
Total area
4,850 SF
Lot
0.57 ac (24,829 SF)
APN
025-501-130-000
UPID
US09-0282530
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1935
Construction
WOOD
Heating
NONE
Bathrooms
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
The Colonial Main LLC
Entity
Mailing address
1559 S SEPULVEDA BLVD, LOS ANGELES, CA 90025-3311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
$400,000
The Colonial Main LLC
Pomo Investment Corp
Grant Deed
$320,000 · Pomo Investment Corp
Aug 29, 2012
$150,000
Dgm Realty LLC
Stewart Default Services
Trustees Deed
related
—
Aug 4, 2005
—
Superior Acquisitions INC
Superior Acquisitions INC
Quit Claim Deed
—
Mar 28, 2002
$325,000
Superior Acquisitions INC
Berger Trust
Grant Deed
$385,000 · 4 Links INC Retirement Trust
Sep 24, 2001
—
Berger Trust
Berger,james E & Joann E
Quit Claim Deed
related
—
Nov 10, 1999
$330,000
James E Berger
First Counties Bank
Grant Deed
$250,000 · Paul A Neuer Psp Trust
Dec 11, 1997
$65,063
Clear Lake National Bank
Patel,rakesh & Smita
Trustees Deed
related
—
Jan 1, 1992
—
—
—
Grant Deed
related
—
—
—
Superior Acquisitions INC
—
Deed Of Trust
related
$250,000 · Larry B & K M Moss
—
—
Superior Acquisitions INC
—
Deed Of Trust
related
$250,000 · Larry B & K Mardean Moss
—
—
Rakesh Patel
—
Deed Of Trust
related
$95,000 · Clear Lake National Bank
—
—
Superior Acquisitions INC
—
Deed Of Trust
related
$275,000 · Umpqua Bank
—
—
Superior Acquisitions INC
—
Deed Of Trust
related
—
—
—
Superior Acquisitions INC
—
Deed Of Trust
related
$75,000 · James E Berger
—
—
Rakesh Patel
—
Deed Of Trust
related
$302,000 · Clear Lake National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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