Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3668 Lake Tahoe Blvd South Lake Tahoe, CA 96150

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr ($4,089 /Mo)

    Centrally located retail center near Heavenly Ski Resort and Ski Run Marina.

    Property size:
    19,631 SF
    Lot size:
    19,631 SF

    Property Features for 3668 Lake Tahoe Blvd

    General Information

    Size
    19,631 SF

    Building Details

    Year built
    2008

    We can help!

    Listing Contact
    Scott Fair
    Source: Naiglobal

    Listing Agent: Scott Fair

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Retail Center Near Lake Tahoe

    Ski Run Center is a centrally located retail center in South Lake Tahoe, California, situated on the corner of Ski Run Boulevard, connecting Heavenly Ski Resort to Ski Run Marina, and Lake Tahoe Boulevard, the area's main thoroughfare. The property is across the street from the newly constructed Whole Foods Shopping Center and Ski Run Marina. The location benefits from pedestrian and auto traffic, attracting both local and tourist customers. South Lake Tahoe is known for outdoor activities and is undergoing a revival with updated lodging, a growing brewery scene, and new restaurants. The property has been newly renovated and is near beaches, Ski Run Marina, restaurants, shopping, and outdoor activities. The center is located within one mile of the Nevada Stateline casinos and a few blocks from Heavenly Village, offering views and a rustic setting. The 19,631 square foot property is suitable for retail businesses, boutique shops, or specialty stores, with an intended use for retail.
    Location Intelligence

    Current Use by Public Records

    Powder House Ski ... Ski Rental Service Bitcoin Depot - Bitcoin ... Crypto Atm Ski Run Laundry Laundromat Desolation Athletic Fitness Personal Trainer Shedcat Distillery & Kitchen Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Village Center - South Lake Tahoe, Sunglass Hut, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Bijou Center

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.956699
    Latitude
    38.948357

    Nearby Similar for Lease

    • Contact for pricing
      11,800 SF

      Multi-Vendor Food Hall Kitchen Space

      Shared-use commercial kitchen and food hall for rent.
      1030 Tata Ln, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
      52,520 SF

      Prime Retail Location in Tahoe

      High-traffic retail space in South Lake Tahoe's gateway location.
      2014-2062 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
      21,554 SF

      South Lake Tahoe Retail Space

      Prime retail space in high-traffic South Lake Tahoe location.
      3091 Harrison Ave, South Lake Tahoe, CA 96150
      View Details
    • $685 /Mo
      10,190 SF

      South Lake Tahoe Office Space

      Office space in vibrant South Lake Tahoe, near amenities.
      3053 Harrison Ave, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing
      10,118 SF

      Lake Tahoe Coworking Office Space

      Amenitized coworking space in South Lake Tahoe with mountain access.
      3079 Harrison Ave, South Lake Tahoe, CA 96150
      View Details
    • $5 SF/Yr
      43,002 SF

      Retail Space in Tourist Core

      Prime retail space in South Lake Tahoe's tourist hub.
      4075-4101 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $22,000
      4,440 SF

      Recently Renovated South Lake Tahoe Hotel

      22-room hotel near Heavenly Village and Stateline Casino.
      985 Park Ave, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
      7,168 SF

      South Lake Tahoe Office Building

      Multi-tenant office building with high visibility in South Lake Tahoe.
      2311 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing
      20,000 SF

      Ski Run Marina Retail/Office Space

      Retail and office spaces available in Ski Run Marina.
      900 Ski Run Blvd, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
      3,750 SF

      Retail and Warehouse Space Available

      Retail building with warehouse and storage in South Lake Tahoe.
      2719 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $2.00 SF/Yr
      22,422 SF

      Prime Office Space Available

      Office suites for rent with ample parking and utilities included.
      2048-2050 Dunlap Dr, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
      11,520 SF

      Restaurant Space in South Lake Tahoe

      Restaurant space with cocktail lounge, bar, and commercial kitchen.
      3450 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details

    FAQs

    What type of property is this?
    Shopping center - Centrally located retail center near Heavenly Ski Resort and Ski Run Marina.
    Where is this shopping center located?
    The property is located at 3668 Lake Tahoe Blvd South Lake Tahoe, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Prime location connecting Heavenly Ski Resort to Ski Run Marina and Lake Tahoe Blvd, ensuring high visibility and traffic.; - Across the street from the newly constructed Whole Foods Shopping Center and Ski Run Marina, attracting consistent customer flow.; - Newly renovated property, offering a modern and appealing environment for businesses.
    (530) 525-2304
    Request Owner's contact information
    3668 Lake Tahoe Blvd 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.
    3668 Lake Tahoe Blvd
    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
    3668 Lake Tahoe Blvd 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
    Scott Fair
    Real Estate License ID: CalDRE #01761504
    (530) 525-2304
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.