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    FOR SALE
    Office buildings

    7070 Old Highway 53, Clearlake, CA 95422

    3,360 SF 1 ac lot Built 1978
    Trust Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-0492585
    Property summary
    AI-generated overview

    This exceptional 1-acre commercial property in Clearlake, CA (95422), listed at $1,300,000, offers 10,776 square feet of versatile space. The property features three separate steel warehouse/office buildings with concrete slab floors. Current tenants include an automotive repair facility (approx. 2,400 sq ft with 3 roll-up bay doors and office/bath), a machine shop (approx. 3,000 sq ft with 3 roll-up bay doors and a side door), and an automotive detail service (approx. 3,360 sq ft with 3 roll-up bay doors and a side door). The detail service building also includes a 2,016 sq ft, two-story building with a lower-level office and an upper-level 2-bedroom, 2-bathroom living area. This property presents a unique opportunity for investors seeking a diverse income stream or redevelopment potential. The lot size is 43,560 square feet, providing ample space for expansion or future development. Located at 7070 Old Highway 53, this property is ready for its next chapter. The property is currently occupied.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1978
    Total area 3,360 SF
    Lot 1 ac (43,560 SF)
    APN 010-043-190-000
    UPID US09-0492585
    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
    • Burrell's Automotive Sustainability Organization
    • Sexton's Detailing & Wash Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $510k
    Blend (final) Blend
    $605k
    Owner & transaction history
    Mcilwain,d & Huff Living Trust · 11 yrs held
    Mcilwain,d & Huff Living Trust
    since 2015
    7 recorded transactions
    2015
    2004
    2002
    $275,000
    1995
    $160,000
    1995
    1993
    $1,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $690,000 +63.3%
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    More about this property
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