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    6000 Highway 20 E Lucerne, CA 95458
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    6000 Highway 20 E, Lucerne, CA 95458

    View on Map
    • Gas stations
    • 1,380 SF
    • 0.28 lot acres
    For Sale
    $350,000
    View Listing →
    Lucerne Commercial/Residential Investment Opportunity For Sale
    $350,000
    2,000 SF

    Lucerne Commercial/Residential Investment Opportunity

    Commercial property with residence in high-traffic Lucerne location.

    6000 E Highway 20, Lucerne, CA 95458
    View Listing
    Property ID
    US09-2787317
    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

    • Lucerne Gas & Services / Hardware & Home Improvement / General Contractor

    Property Details for 6000 Highway 20 E

    Year built
    1940
    Lot size
    0.28 lot acres
    Zone code
    CH
    Property type
    Gas stations
    APN
    034-064-010-000
    APU
    34064010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 7, 2005 — Hogan H G Cheung Cheung,helen L Quit Claim Deed · related —
    Dec 7, 2005 $290,000 Hogan H G Cheung Maner C & A M Joint Trust Grant Deed —
    Oct 20, 2004 — Maner Clifford & Annie M Trust Maner C & A M Trust Quit Claim Deed · related —
    Jul 23, 2001 — Maner Trust Maner,clifford & Annie M Quit Claim Deed · related —
    — — Clifford Maner — Deed Of Trust · related $57k · Selzer Trust
    Jan 1, 1968 — Maner,clifford & Annie M — Grant Deed · related —

    Description

    This exceptional mixed-use property in Lucerne, CA, presents a unique investment opportunity. Situated on a 0.28-acre lot at 6000 Highway 20, this 2,000 square foot property boasts high visibility and traffic due to its prime location. The main building features a spacious mechanic's garage and an attached office/retail space, ideal for a variety of businesses. The storefront enjoys stunning views of Lucerne Park and Clear Lake, benefiting from significant foot and vehicle traffic. A sizable grassy area provides ample space for storage or future expansion. A detached double-wide mobile home offers comfortable living quarters, including a large living area, kitchen with a nook, three bedrooms, and two bathrooms. A separate two-car detached garage provides additional storage or off-street parking, accessible privately from the mobile home. This property is conveniently located within walking distance of local restaurants, shops, the park, and the picturesque Clear Lake. The property's combination of commercial space and residential living makes it an attractive investment for those seeking a blend of work and residential life in a desirable location. The asking price is $350,000.

    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
    Lucerne
    County
    Lake
    State
    California
    Longitude
    -122.8
    Latitude
    39.095
    CBSA code
    17340
    CBSA name
    CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,409
    $60,000
    $142,040
    $202,040
    -
    $0.00
    $0.00
    $0.00

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      6080 State Hwy 20

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      6304 Hwy 20

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    Similar Nearby for Sale

    • $350,000
      2,000 SF

      Lucerne Commercial/Residential Investment Opportunity

      Commercial property with residence in high-traffic Lucerne location.
      6000 Highway 20 E, Lucerne, CA 95458
      View Details
    • $180,000
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      Lucerne Commercial Property For Sale

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      Lucerne Land Lot For Sale

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      0.23 Acres

      Lucerne Land Near Clear Lake

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    Lucerne, CA 95458
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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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