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Industrial Bay Building with Residences

2140 US Highway 50 South Lake Tahoe, CA 96150

2140 US Highway 50, South Lake Tahoe, CA, 96150
$1,400,000
For Sale
Claim this Listing
$1,400,000

COMMERCIAL - South Lake Tahoe, CA

Property Size10,644 SF
Lot Size1.18 Acres
Price / SF$131.53
AddedAug 29, 2023
Days on Market1051
Last RefreshJul 14 at 11:06 pm

Property Features for 2140 US Highway 50

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
RV
Window features
Double Pane Windows, Vinyl Frames
Exterior features
Storage Shed
Standard status
Active
APN
033050023000
Lot size
1.18 Acres

Utilities

Heating system
Natural Gas, Baseboard

Building Details

Year built
1968
Flooring type
Concrete, Carpet
Building materials
Masonry
Roof type
Flat
Additional Structures
Storage, Outbuilding

Listing agent Nicole Zaborsky License #B.19444

Listing office Ascent Property Group 3274 W River Park Rd, South Lake Tahoe, CA

Listing date Aug 29, 2023

MLS# 139307

Copyright © 2026 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This industrial bay building includes eight industrial bays with roll-up doors and second-floor residential space with three residential units. The gross building area is approximately 10,644 SF, and the bays range from about 770 SF to about 1,200 SF. The property is served by three-phase power and includes a private well, generous parking, and numerous storage sheds.

The site is located in the unincorporated area of El Dorado County and is positioned across from the South Lake Tahoe Airport at 2140 US Highway 50. TRPA verification indicates Land Class 6, 32,221 SF coverage, 7,260 CFA, and three residential units of use. There are currently three month-to-month tenants.

Overall, the configuration combines multiple roll-up door bays with upstairs residential units, offering an operational layout that can support both industrial and residential income on the same property.

Key Highlights

  • ~1.18‑acre industrial property in the unincorporated area of El Dorado County, across from the South Lake Tahoe Airport
  • 8 industrial bays with roll‑up doors, ranging from 770 SF to 1,200 SF
  • ~10,644 SF gross building area with three residential units on the second floor

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $144.3k $13.56
− Vacancy −$9.8k −$0.92
EGI $134.5k $12.64
− OpEx −$20.2k −$1.90
NOI $114.3k $10.74
10,644 SF · lease $13.56/SF/yr · vacancy 6.80% · expense 15.00%

Alternative Uses

Best Use
Flex RnD
$2.73M
$2.39M – $3.18M (±1% cap)
NOI $190,953 @ 7.0% cap · market cap 13.64%
Second Best
Multifamily LT 5
$2.53M
$2.21M – $2.95M (±1% cap)
NOI $176,889 @ 7.0% cap · market cap 12.63%
Theoretical Best
Specialty Retail
$3.81M
$3.33M – $4.44M (±1% cap)
NOI $266,380 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Similar Off Market Nearby

  • Bella Tahoe — 152 Hwy 50, Stateline, NV 89449

FAQs

What type of property is this?
Flex space - Industrial bay building with eight roll-up door bays and three residential units above, on three-phase power with private well.
Where is this flex space located?
The property is located at 2140 US Highway 50 South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: ~1.18‑acre industrial property in the unincorporated area of El Dorado County, across from the South Lake Tahoe Airport; 8 industrial bays with roll‑up doors, ranging from 770 SF to 1,200 SF; ~10,644 SF gross building area with three residential units on the second floor
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