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    Property profile & analytics

    6445 Soda Bay Rd Kelseyville, CA 95451

    • Turn key restaurants
    • 994 SF
    • 0.21 lot acres
    For Sale
    View listing
    $150,000
    Last Sale
    Dec 30, 2024
    $186,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3698425
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 6445 Soda Bay Rd

    Year built
    1900
    Lot size
    0.21 lot acres
    Property size
    994 SF
    Zone code
    C2
    Property type
    Turn key restaurants
    APN
    044-142-520-000
    APU
    44142520000

    Description

    This exceptional mixed-use property, located at 6445 Soda Bay Road in Kelseyville, California, presents a unique investment opportunity. The 994 square foot building currently operates as Blue's Cafe, a thriving restaurant, bar, and music venue. Its prime location directly across from the lake in Soda Bay offers unparalleled visibility and access to a high volume of foot and vehicle traffic. The property includes a fully equipped kitchen and bar, a spacious dining area, and a dedicated stage for live performances. Ample parking is available on-site, along with outdoor dining options, enhancing the overall customer experience. The 0.21-acre lot is zoned C2 Community Commercial, allowing for a diverse range of commercial uses, including restaurants, retail shops, personal service businesses, professional offices, and even plant nurseries. This flexibility provides significant potential for future expansion or adaptation to changing market demands. The property's proximity to the Soda Bay Market and Bell Haven Resort further strengthens its strategic position within a vibrant and growing community. This turnkey operation is ready for a new owner to continue its success or explore new ventures within the permitted zoning regulations. The asking price is $150,000. This represents a compelling investment opportunity in a desirable lakeside location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kelseyville
    County
    Lake
    State
    California
    Longitude
    -122.792
    Latitude
    39.0009
    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
    $2,694
    $89,625
    $155,441
    $245,066
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,159 SF

      4220 Main St

      RESTAURANT • 1,159 SF
      4220 Main St, Kelseyville, CA 95451-9404
      View Details
    • Value Estimation by Request
      5,862 SF

      10200 Fairway Dr

      RESTAURANT • 5,862 SF
      10200 Fairway Dr, Kelseyville, CA 95451-9574
      View Details
    • Value Estimation by Request
      1,250 SF

      3945 Main St

      RESTAURANT • 1,250 SF
      3945 Main St, Kelseyville, CA 95451-7424
      View Details
    • Value Estimation by Request
      2.85 Acres

      6330 Soda Bay Rd

      RESTAURANT • 2.85 Acres
      6330 Soda Bay Rd, Kelseyville, CA 95451-9126
      View Details
    • Value Estimation by Request
      6,100 SF

      8419 Little Borax Lk Rd

      RESTAURANT • 6,100 SF
      8419 Little Borax Lk Rd, Kelseyville, CA 95451
      View Details
    • Value Estimation by Request
      0.54 Acres

      5570 Live Oak Dr

      RESTAURANT • 0.54 Acres
      5570 Live Oak Dr, Kelseyville, CA 95451
      View Details

    Similar Nearby for Sale

    • $395,000
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      Turn-Key Restaurant in Kelseyville, CA

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      View Details
    • $139,000

      Restaurant, Bar and Music Venue

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      Six docks, 19 units, 4 homes on 2.5 acres.
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    6445 Soda Bay Rd
    Kelseyville, CA 95451
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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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