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    6603 Lake Tulloch Pl Copperopolis, CA 95228

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    6603 Lake Tulloch Pl Copperopolis, CA 95228

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    • Marinas
    Off-Market
    Property ID
    US09-0556311
    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

    • Drifters Marina and Grill / Restaurant
    • Drifters Night Market / Take-out & Catering / Discount Store

    Property Details for 6603 Lake Tulloch Pl

    Property type
    Marinas
    Property subtype
    Bars & Pubs
    APN
    61071008

    Description

    This exceptional investment opportunity presents Drifters Marina & Grill, a thriving restaurant, bar, and marina situated on the picturesque shores of Lake Tulloch in Copperopolis, California. The property encompasses a substantial 70,132 square foot lot and features 48 wet slips and 19 dry slips housed in covered garage bays, providing convenient boat storage and launch capabilities. As the sole provider of marine fuel on the lake, Drifters enjoys a captive market of boaters. The restaurant, the only waterfront dining establishment on Lake Tulloch, holds an exclusive liquor license and operates seasonally from March to September, attracting significant crowds. Adding to its appeal, the sale includes a 1,958 square foot, two-bedroom, one-bathroom condominium located above the restaurant, offering stunning lake views and potential for owner occupancy or vacation rental income, estimated at an additional $60,000 per season. The property boasts advanced security systems with key card gated access, a private launch, and a best-in-class POS system. The asking price is $7,700,000, with a 6.00% cap rate. The property is zoned REC-PD and includes 19 loading docks. This unique offering presents a rare chance to acquire irreplaceable waterfront real estate with significant income potential and expansion opportunities, including the possibility of developing an adjacent undeveloped lot. A neighboring condo recently sold for $950,000. This Class A, Core+ investment is a truly unique opportunity.

    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
    Copperopolis
    County
    Calaveras
    State
    California
    Longitude
    -120.59535122315
    Latitude
    37.907012714614

    Comparable in this City

    • $50,000

      Lake Tulloch View Lot

      Waterfront land with lake access and community amenities.
      4983 Pueblo Trl, Copperopolis, CA 95228
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    • $454,900

      Land For Sale

      0.5 acres of land available.
      1057 Shoreline Dr, Copperopolis, CA 95228
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    • $899,000

      Shaston Ranch: Agricultural Land Jewel

      290-acre agricultural land in Copperopolis, CA, with rich history.
      3 Hunt Rd, Copperopolis, CA 95228
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    • $750,000

      Waterfront Lot on Lake Tulloch

      Rare opportunity to build a waterfront home on Lake Tulloch.
      464 Thomson Ln, Copperopolis, CA 95228
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    • $55,000
      6,534 SF

      Land Available in Copperopolis

      Land for sale in Copperopolis, California, with 6,534 SF.
      490 Bret Harte Dr, Copperopolis, CA 95228
      View Details

    Similar Nearby for Sale

    • $50,000

      Lake Tulloch View Lot

      Waterfront land with lake access and community amenities.
      4983 Pueblo Trl, Copperopolis, CA 95228
      View Details
    • $150,000
      0.33 Acres

      Ready-to-Build Lot in Copperopolis

      Third-acre lot with golf course and hill views.
      186 Leaf Crest Ct, Copperopolis, CA 95228
      View Details
    • $55,000

      Land For Sale

      Land available for purchase in Copperopolis, California.
      490 Bret Harte Dr, Copperopolis, CA 95228
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    • $330,000
      2,178 SF

      Versatile Flex Space For Sale

      Flex space with roll-up door, bathroom, and HVAC for sale.
      90 Rock Creek Rd, Copperopolis, CA 95228
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    • Contact for pricing
      1,782 SF

      Income-Producing Duplex with Lake Access

      Duplex on over half an acre with lake access.
      1048 Feather Ct, Copperopolis, CA 95228
      View Details
    • Contact for pricing

      Flat Acreage Near Lake Tulloch

      1.2 acre parcel near Lake Tulloch with easy utility hookups.
      000 Bow Dr, Copperopolis, CA 95228
      View Details
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    Copperopolis, CA 95228
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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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