Technical
Financial
Distress signals
Property profile

390 N Forbes St Lakeport, CA 95453

FOR SALE
Office buildings
Property ID
US09-0076756
1,273 SF 0.12 ac lot Built 1957
Trust Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,273 square foot office building is situated just one block from Main Street in the vibrant city of Lakeport, California. The property sits on a conveniently sized 0.12-acre lot and is offered at $325,000. The building boasts a thoughtfully designed layout, perfect for a variety of business uses. Upon entering, you'll find a welcoming lobby and a dedicated reception office, setting a professional tone for clients and visitors. A spacious conference room, featuring large windows that provide ample natural light, is ideal for meetings and presentations. Three private offices offer individual workspaces for enhanced productivity and privacy. The property also includes a convenient kitchenette, a full bathroom, and the added benefit of four off-street parking spaces, eliminating the hassle of street parking. This strategically located workspace offers essential amenities, making it an attractive option for businesses seeking a comfortable and functional office environment in a desirable location. The combination of prime location, ample parking, and well-designed interior space makes this property a truly exceptional opportunity. Don't miss out on this chance to secure a thriving business location in the heart of Lakeport.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Construction WOOD
Total area 1,273 SF
Lot 0.12 ac (5,227 SF)
APN 025-376-100-000
UPID US09-0076756

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
  • Consultant
  • Law Firm

Location

390 N Forbes St Lakeport, CA 95453
Lakeport metro Census 402 CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2011
7 recorded transactions
2011
Price N/A
2009
Price N/A
2006
$400,000
2005
Price N/A
2003
$220,000
2003
Price N/A
2001
$125,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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