Anchored Shopping Center For
For Sale
Contact for pricing
1022 -1074 Emerald Bay Road & Hwy 89, South Lake Tahoe, CA 96150
Anchored shopping center at high-traffic intersection in South Lake Tahoe.
Property Size145,000 SF
Days on Market333
Property Features for 1022 -1074 Emerald Bay Road & Hwy 89
General Information
Standard status
Active
Size
145,000 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
145,000 SF
Year Built
1972
Properties For Sale
at 1022 -1074 Emerald Bay Road & Hwy 89 Contact us1032-A Emerald Bay Road
Size
3,740 SF
Type
Strip Center
Term
Negotiable
1074 Emerald Bay Road
Size
3,200 SF
Type
Strip Center
Term
Negotiable
Listed By:
Kelly Bland · License #NV #BS.0025155
(775) 750-1762
Source:
Naiglobal
Added: Nov 22, 2025
Changed: Oct 3
Last Checked: Oct 20 at 6:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly Bland
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center is anchored by Raley’s and Big K-Mart. Other tenants in the surrounding area include Staples, Pier 1 Imports, and the Factory Stores at the Y. Pylon signage is available. The property is located in South Lake Tahoe at the high-traffic ‘Y’ intersection. The property size is 145000 square feet.
Key Highlights
- Anchored by Raley's and Big K‑Mart, major retail tenants.
- Located at the high‑traffic 'Y' intersection in South Lake Tahoe.
- Pylon signage available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,063,048
Suggested Prices Based on Cap Rates
Cap Rate 5%
$41,260,960
$41.3M
Cap Rate 7%
$29,472,114
$29.5M
Cap Rate 9%
$22,922,756
$22.9M
Market Conditions
NOI Build-Up for 145,000 SF
Gross rent
$3.13M $21.60/SF
− Vacancy
−$184.8K −$1.27/SF
EGI
$2.95M $20.33/SF
− OpEx
−$884.2K −$6.10/SF
NOI
$2.06M $14.23/SF
Area
El Dorado County, CA
Vacancy
5.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$41,260,960
Cap Rate 7%
$29,472,114
Cap Rate 9%
$22,922,756
Alternative Uses
Best Use
Retail
$29.47M
$25.79M – $34.38M
NOI $2,063,048 @ 7.0% cap · market cap 123,535,808.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$51.84M
$45.36M – $60.48M
NOI $3,628,814 @ 7.0% cap · market cap 217,294,251.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 96150, CA
29,518
Population
23,472
Households
1.3
Avg Household Size
40
Median Age
39%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
181
Density / Sq Mi
$83,738
Median Household Income
$45,582
Median Earnings
$1,497
Median Rent
$649,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Shopping center - Anchored shopping center at high-traffic intersection in South Lake Tahoe.
Where is this shopping center located?
The property is located at 1022 -1074 Emerald Bay Road & Hwy 89 South Lake Tahoe, CA.
What are key features of this property?
This property features: Anchored by Raley's and Big K‑Mart, major retail tenants.; Located at the high‑traffic 'Y' intersection in South Lake Tahoe.; Pylon signage available.
