1260 Lake BlvdDavis, CA 95616

Property Details for 1260 Lake Blvd

Year built

1988

Lot size

4.84 AC

Zone code

P-D

Property type

Community centers

APN

036-380-007-000

APU

36380007000

Description

Westlake Plaza, located at 1260 Lake Blvd in Davis, CA 95616, offers a unique opportunity for businesses seeking executive office space within a vibrant mixed-use environment. This 70,000 square foot building, constructed in 1989, features 25 suites with a minimum divisible space of 201 square feet and a maximum contiguous space of 5,000 square feet. Currently, 10,308 square feet of space is available for lease. The property boasts convenient access to ample parking, with 150 spaces available (an 8/1,000 SF ratio). Elevators are available for easy access to all floors. The property is zoned PD, 10-81, Davis, and is situated in Yolo County. Westlake Plaza is strategically positioned in a thriving neighborhood retail center, anchored by established businesses such as Westlake Market, Dollar Tree, and Super Owl Brewery. Its location on Lake Boulevard, between W Covell Boulevard and Russell Boulevard, west of Highway 113, provides excellent visibility and accessibility, with close proximity to UC Davis student housing and established single-family residential areas. This makes it an ideal location for businesses seeking to tap into a diverse customer base. The property's mixed-use nature offers a dynamic and convenient environment for tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $45,132,300

  6.5%

  $41,660,500

  7%

  $38,684,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,306,400

  Geo Method

  $31,306,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $83,084,500

  Mixed-Use / Specialty

  $40,767,500

  Hospitality / Lodging

  $28,940,500

  Office

  $39,749,900

  Institutional / Educational

  $42,115,700

  Residential Income

  $49,275,400

  Multifamily

  $63,225,600

  Automotive / Energy

  $36,099,200

  Parking / Income-Based Land

  $13,192,900

  Restaurant / Food Service

  $19,614,600

  Healthcare / Senior Housing

  $42,569,800

Location Insight

City

Davis

County

Yolo

State

California

Latitude

38.5541

Longitude

-121.787

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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