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Property profile & analytics
FOR SALE
Hospitals

475 N Forbes St Lakeport, CA 95453

1,169 SF 0.22 ac lot Built 1950
Trust Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US10-3177271
Property summary
AI-generated overview

This exceptional mixed-use property at 475 Forbes Street in Lakeport, CA, presents a compelling investment opportunity. Spanning 2,000 square feet on a 0.22-acre lot, this charming property comprises two renovated buildings ideally situated just two blocks from the courthouse and the heart of the downtown business district. Currently configured as a medical clinic, the front building offers a welcoming waiting area, three spacious rooms, a full bathroom, and a convenient kitchen. The rear building, while currently leased and unavailable for viewing until further notice (lease expiration date not specified), features two additional rooms and a bathroom. The property boasts ample on-site parking, ensuring convenience for both staff and clients. Accessibility is further enhanced by the inclusion of handicap-accessible ramps. A large shed provides additional storage space. The property's versatile design allows for continued use as a medical clinic or offers the potential for conversion to residential use in the rear building, subject to local zoning regulations and permitting. This prime location and the property's attractive features make it an ideal investment for a variety of commercial and potentially residential uses. The asking price is $449,000.

Property profile
Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Year built 1950
Construction WOOD
Total area 1,169 SF
Lot 0.22 ac (9,583 SF)
APN 025-373-030-000
UPID US10-3177271
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
  • Heart Institute: Adventist Health Physicians Network Physician
  • Richard Mayhew Deits Physician
  • Svetlana Petrowizky, LAC Medical Clinic Alternative Medicine Practice
  • Northern California Medical Associates Inc Medical Clinic
  • Mark L Md Gardner Physician
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
Andrus Kirk G & Q C 2009 Trust · 17 yrs held
Andrus Kirk G & Q C 2009 Trust
since 2009
6 recorded transactions
2009
Price N/A
2004
$308,000
1997
$115,000
1997
Price N/A
1994
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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