Lake-View Shopping
For Sale
$3,997,000
3330 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
Lake-view retail center with 12 units and 100% occupancy, plus room to reconfigure into additional units.
Property Size14,600 SF
Lot Size1.27 Acres
Price / SF$273.77
Days on Market770
Property Features for 3330 Lake Tahoe Boulevard
General Information
Standard status
Active
Size
14,600 SF
Total Parking Spaces
77
Lot size
1.27 Acres
Property subtype
Commercial/Industrial
Occupancy
100%
Amenities
lake view
mountain view
Building Details
Year Built
1962
Buildings
1
Tenancy
Multi
Listing Agency:
Chase International - South Lake Tahoe
(530) 545-8907
Listed By:
Marlene A. Pierce · License #01181946
(530) 545-8907
Source:
Exitrealty
Added: Jun 26, 2024
Changed: Jul 31
Last Checked: Aug 4 at 5:52AM
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 Chase International - South Lake Tahoe
Investment Insights
Based on property information with market context.
Lakeview Plaza is a shopping center retail property with a total building area of 14,600 Sq.Ft, situated on a 55,321 Sq.Ft lot. The center is currently configured with 12 units and is 100% occupied; the remarks indicate that by reversing a wall removal, the property could be converted back to the original 14-unit configuration. On-site support spaces include a janitor room, electrical room, and an owner’s office.
Lakeview Plaza is located across the shore from Lake Tahoe, with a lake and mountain view. The property includes 77 parking spaces. The center lists a variety of existing tenants and services, including multiple restaurant concepts, retail and service users such as a bookstore, farmers insurance, notary, and massage, along with offices and other uses.
The remarks also discuss potential redevelopment considerations, including mixed-use options and possible second- or third-story addition. Buyers are directed to verify existing coverage and development allowances with the City of South Lake Tahoe, John Hitchcock, and TRPA.
Lakeview Plaza is located across the shore from Lake Tahoe, with a lake and mountain view. The property includes 77 parking spaces. The center lists a variety of existing tenants and services, including multiple restaurant concepts, retail and service users such as a bookstore, farmers insurance, notary, and massage, along with offices and other uses.
The remarks also discuss potential redevelopment considerations, including mixed-use options and possible second- or third-story addition. Buyers are directed to verify existing coverage and development allowances with the City of South Lake Tahoe, John Hitchcock, and TRPA.
Key Highlights
- 14,600 Sq.Ft shopping center with support space for a janitor room, electrical room, and owner’s office
- 55,321 Sq.Ft lot across from Lake Tahoe with lake and mountain views
- 77 parking spaces serving the center
Financial Insights For Specialty Retail
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 | $543.1k | $37.20 |
| − Vacancy | −$55.9k | −$3.83 |
| EGI | $487.2k | $33.37 |
| − OpEx | −$121.8k | −$8.34 |
| NOI | $365.4k | $25.03 |
14,600 SF · lease $37.20/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$5.22M
$4.57M – $6.09M
NOI $365,384 @ 7.0% cap · market cap 9.14%
Second Best
Retail
$2.97M
$2.60M – $3.46M
NOI $207,728 @ 7.0% cap · market cap 5.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
117k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 67%
Shops & Services 30%
Home Improvements & Furnishings 1%
Hotels & Casinos 1%
Safeway
Groceries
78,796 visits/mo
0.2 miles
Safeway Gas
Shops & Services
28,961 visits/mo
0.1 miles
Bank of America
Shops & Services
6,617 visits/mo
0.0 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,618 visits/mo
0.2 miles
Budget Inn Lake Tahoe
Hotels & Casinos
874 visits/mo
0.4 miles
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Lake-view retail center with 12 units and 100% occupancy, plus room to reconfigure into additional units.
Where is this shopping center located?
The property is located at 3330 Lake Tahoe Boulevard South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $3,997,000.
What are key features of this property?
This property features: 14,600 Sq.Ft shopping center with support space for a janitor room, electrical room, and owner’s office; 55,321 Sq.Ft lot across from Lake Tahoe with lake and mountain views; 77 parking spaces serving the center
