Warehouse Property with Industrial
For Sale
$1,400,000
2140 US Highway 50, South Lake Tahoe, CA 96150
Industrial bays feature roll-up doors, three-phase power, storage sheds, and additional residential units.
Property Size10,644 SF
Lot Size1.18 Acres
Price / SF$131.53
Days on Market1101
Property Features for 2140 US Highway 50
General Information
Standard status
Active
Size
10,644 SF
Lot size
1.18 Acres
Property subtype
Industrial
Additional Details
Three-Phase Power
Yes
Amenities
3
Extra Storage.
Building Details
Year Built
1968
Stories
2
Building Size
10,644 SF
Listing Agency:
Ascent Property Group
(530) 416-2779
Listed By:
Nicole Zaborsky · License #BS.146514
(530) 416-2779
Source:
Xome
Added: Aug 27, 2023
Changed: Aug 30
Last Checked: Aug 30 at 1:09PM
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 Ascent Property Group
Investment Insights
Based on property information with market context.
This warehouse property occupies approximately 1.18 acres and contains 10,644 square feet of gross building area. The main level includes eight industrial bays ranging from 770 square feet to 1,200 square feet, with roll-up doors serving the bays. Three residential units are located on the second floor. Additional improvements include multiple storage sheds, generous parking, a private well, and three-phase power. Three tenants currently occupy the property on month-to-month arrangements.
The property is positioned across from the South Lake Tahoe Airport at 2140 US Highway 50 in the unincorporated area of El Dorado County. TRPA verification identifies Land Class 6, 32,221 square feet of coverage, 7,260 CFA, and 3 Residential Units of Use.
The property is positioned across from the South Lake Tahoe Airport at 2140 US Highway 50 in the unincorporated area of El Dorado County. TRPA verification identifies Land Class 6, 32,221 square feet of coverage, 7,260 CFA, and 3 Residential Units of Use.
Key Highlights
- 1.18‑acre property with 10,644 sf of gross building area
- 8 industrial bays ranging from 770 sf to 1200 sf
- Roll‑up doors and three‑phase power serve the industrial bays
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,340
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,286,800
$2.3M
Cap Rate 7%
$1,633,429
$1.6M
Cap Rate 9%
$1,270,444
$1.3M
Market Conditions
NOI Build-Up for 10,644 SF
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.
Gross rent
$144.3K $13.56/SF
− Vacancy
−$9.8K −$0.92/SF
EGI
$134.5K $12.64/SF
− OpEx
−$20.2K −$1.90/SF
NOI
$114.3K $10.74/SF
Area
El Dorado County, CA
Vacancy
6.80%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,286,800
Cap Rate 7%
$1,633,429
Cap Rate 9%
$1,270,444
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,340 @ 7.0% cap · market cap 8.17%
Second Best
Mixed Use
$1.57M
$1.38M – $1.84M
NOI $110,165 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$3.81M
$3.33M – $4.44M
NOI $266,380 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
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 Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Johnstone's RV & Boat Storage — 2060 Emerald Bay Rd, South Lake Tahoe, CA 96150
- StorWise Self Storage - Tahoe — 2000 Jewell Rd, South Lake Tahoe, CA 96150
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial bays feature roll-up doors, three-phase power, storage sheds, and additional residential units.
Where is this warehouse 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 property with 10,644 sf of gross building area; 8 industrial bays ranging from 770 sf to 1200 sf; Roll‑up doors and three‑phase power serve the industrial bays
