5-Suite Mixed-Use
For Sale
$675,900
3816 Pioneer Trail, South Lake Tahoe, CA 96150
Office and retail space is complemented by on-site parking and wraparound decking.
Property Size2,480 SF
Price / SF$272.54
Days on Market976
Property Features for 3816 Pioneer Trail
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Office Units
5
Tenant in Place
Yes
Property Use
Office
Amenities
wrap around trex decking
Storage Shed
Other/See Remarks
Building Details
Building Size
2,480 SF
Year Built
1964
Tenancy
Multi
Listing Agency:
Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe
(530) 543-6676
Listed By:
Deb K Howard · License #00799233
(530) 545-2493
Source:
Pyramidpeakrealty
Added: Feb 23, 2024
Changed: Oct 26
Last Checked: Oct 26 at 3:55AM
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 Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe
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Investment Insights
Based on property information with market context.
This 2,480-square-foot mixed-use property contains five business suites configured for office and retail activity. Built in 1964, the complex has received interior paint and flooring updates, along with fresh exterior paint. Wraparound Trex decking and on-site parking are also part of the property.
The building occupies a corner parcel on Pioneer Trail in South Lake Tahoe. Heavenly Village, Stateline, Heavenly Ski Resort, Ski Run shops and restaurants, and Lake Tahoe beaches are identified as nearby destinations.
The building occupies a corner parcel on Pioneer Trail in South Lake Tahoe. Heavenly Village, Stateline, Heavenly Ski Resort, Ski Run shops and restaurants, and Lake Tahoe beaches are identified as nearby destinations.
Key Highlights
- 2,480‑square‑foot mixed‑use complex with five business suites
- Office and retail configuration
- Corner parcel on Pioneer Trail in South Lake Tahoe
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,756
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,120
$815.1K
Cap Rate 7%
$582,229
$582.2K
Cap Rate 9%
$452,844
$452.8K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$65.5K $26.40/SF
− Vacancy
−$11.1K −$4.49/SF
EGI
$54.3K $21.91/SF
− OpEx
−$13.6K −$5.48/SF
NOI
$40.8K $16.43/SF
Area
El Dorado County, CA
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,120
Cap Rate 7%
$582,229
Cap Rate 9%
$452,844
Alternative Uses
Best Use
Office B
$582.2K
$509.5K – $679.3K
NOI $40,756 @ 7.0% cap · market cap 6.03%
Second Best
Retail
$504.1K
$441.1K – $588.1K
NOI $35,285 @ 7.0% cap · market cap 5.22%
Theoretical Best
Specialty Retail
$886.6K
$775.8K – $1.03M
NOI $62,065 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail space is complemented by on-site parking and wraparound decking.
Where is this mixed-use property located?
The property is located at 3816 Pioneer Trail South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $675,900.
What are key features of this property?
This property features: 2,480‑square‑foot mixed‑use complex with five business suites; Office and retail configuration; Corner parcel on Pioneer Trail in South Lake Tahoe
