Property profile

7070 Old Highway 53 Clearlake, CA 95422

FOR SALE
Office buildings
Property ID
US09-0492585
3,360 SF 1 ac lot Built 1978
Trust Owned 11-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Sustainability Organization
  • Car Wash

Location

7070 Old Highway 53 Clearlake, CA 95422
Clearlake metro Census 801 CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA
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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

since 2015
7 recorded transactions
2015
Price N/A
2004
Price N/A
2002
$275,000
1995
$160,000
1995
Price N/A
1993
$1,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $690,000 +63.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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