Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2311 Chiapa Dr South Lake Tahoe, CA 96150

    View on Map
    Sponsored
    For Sale
    $328,000

    LAND - South Lake Tahoe, CA

    Lot size:
    0.53 Acres
    Days on Market:
    151
    Last Refresh:
    Mar 23 at 7:06 pm

    Property Features for 2311 Chiapa Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    035171008000
    Interior features
    High Speed Internet
    Lot size
    0.53 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Kathy Mehringer

    Compass

    Listing agent Mark Salmon

    Listing date Oct 24, 2025

    MLS# 142274 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Rare South Lake Tahoe Parcel

    This 0.53-acre parcel is located on one of South Lake Tahoe's most exclusive streets. It is one of only two remaining buildable lots on the entire hillside. The property is positioned below the Angora Ridgeline and Flagpole Peak, surrounded by Conservancy and USFS owned parcels. The lot features granite boulders and elevated views, with direct access to National Forest trails for hiking and mountain biking. The property has an IPES score of 746, qualifying it for TRPA coverage exemptions. It currently allows approximately 2,300 square feet of base coverage after a DOAC. Additional coverage, up to roughly 3,100 square feet, can be acquired for about $7.50 per square foot. Allocations are organically available through El Dorado County, allowing design and permitting to begin this winter, with groundbreaking potentially in spring or summer of 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Parts Store Gym & Fitness Center Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -120.033188
    Latitude
    38.845837

    Nearby Similar for Sale

    • $1,488,000
      4,220 SF

      Multi-Tenant Commercial Property For Sale

      Commercial property with stable income and development flexibility in South Lake Tahoe.
      2205 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $846,000
      2,116 SF

      Updated Duplex Near Heavenly Resort

      Spacious, updated duplex near Heavenly Ski Resort, generating $6,300 monthly.
      3695 Primrose Rd, South Lake Tahoe, CA 96150
      View Details
    • $700,000
      2,750 SF

      South Lake Tahoe Multifamily Investment

      Multifamily property in South Lake Tahoe with rental history.
      2493 Ponderosa St, South Lake Tahoe, CA 96150
      View Details
    • $995,000
      2,400 SF

      Turn-Key Multifamily Investment Opportunity

      Seven units near Lake Tahoe and Heavenly Valley ski resort.
      1029 Reno Ave, South Lake Tahoe, CA 96150
      View Details
    • New
      $825,000
      1,652 SF

      Lake Tahoe Duplex Near Beach

      Well-maintained duplex one block from Lake Tahoe with rental potential.
      810 Merced Ave, South Lake Tahoe, CA 96150
      View Details
    • $2,950,000
      8,136 SF

      South Lake Tahoe Motel Property

      Motel property near casinos, Heavenly Valley, shopping, and restaurants.
      3863 Pioneer Trl, South Lake Tahoe, CA 96150
      View Details
    • $750,000
      1,396 SF

      South Lake Tahoe Duplex Cabins

      Duplex with rental income and development potential near beaches.
      705 Eloise Ave, South Lake Tahoe, CA 96150
      View Details
    • $1,800,000
      4,872 SF

      Highway 50 Hotel Opportunity

      South Lake Tahoe hotel with redevelopment potential near the airport.
      1313 Emerald Bay Rd, South Lake Tahoe, CA 96150
      View Details
    • New
      $2,290,000
      0.63 Acres

      South Lake Tahoe Multifamily Investment

      13-unit multifamily property in South Lake Tahoe, California.
      3715 Blackwood Rd, South Lake Tahoe, CA 96150
      View Details
    • $2,896,000
      5,743 SF

      New Multifamily Near Heavenly Village

      New 5-unit multifamily property in South Lake Tahoe.
      1057 Fern Rd, South Lake Tahoe, CA 96150
      View Details
    • $3,900,000
      10,836 SF

      South Lake Tahoe Hotel Investment

      33-unit hotel near casinos, shopping, and Heavenly Village.
      3901 Pioneer Trl, South Lake Tahoe, CA 96150
      View Details
    • $950,000
      3,125 SF

      South Lake Tahoe Multifamily Property

      Five-unit multifamily property in a prime South Lake Tahoe location.
      3880 Pioneer Trl, South Lake Tahoe, CA 96150
      View Details

    FAQs

    What type of property is this?
    Land - Exclusive 0.53-acre parcel with mountain views and forest access.
    Where is this land located?
    The property is located at 2311 Chiapa Dr South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $328,000.
    What are key features of this property?
    This property features: - Rare .53-acre buildable lot on an exclusive street, one of only two remaining.; - Surrounded by Conservancy and USFS land, ensuring unmatched privacy and a 'own-the-forest' feel.; - Direct access to miles of National Forest trails for hiking and mountain biking.
    (310) 230-5478
    Request Owner's contact information
    2311 Chiapa Dr South Lake Tahoe, CA 96150
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2311 Chiapa Dr
    South Lake Tahoe, CA 96150
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2311 Chiapa Dr South Lake Tahoe, CA 96150
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kathy Mehringer
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!