14832 Lakeshore DrClearlake, CA 95422

Property Details for 14832 Lakeshore Dr

Year built

1947

Construction

TILT-UP CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

1,625 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

040-234-400-000

APU

40234400000

Description

This exceptional 1,820 square foot office building is situated on a desirable 0.31-acre lot at 14832 Lakeshore Drive, Clearlake, CA. Boasting a prime location on the town's main thoroughfare, this property offers significant versatility. The building currently houses a construction company, showcasing its adaptability. Previously used as solely office space, the layout includes six individual offices, a bathroom, and a kitchen area. Ample parking is available, with at least eight spaces, and potentially more. In addition to the main office building, the property includes a valuable small warehouse/garage and a separate shed, providing extra storage or workspace. The sizable yard offers further potential for expansion or outdoor activities. The asking price is $295,000. Owner financing may be available

• CAP approach

  CAP return

  Valuation

  6%

  $412,635

  6.5%

  $380,894

  7%

  $353,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $284,926

  Geo Method

  $232,018

• Alternative Use

  Use

  Valuation

  Residential

  $472,309

  Hospitality

  $432,632

  Educational

  $359,945

  Medical

  $372,324

  Retail

  $559,914

Location Insight

City

Clearlake

County

Lake

State

California

Latitude

38.9502

Longitude

-122.635

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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