Lifestyle Shopping Center Anchored by Big
For Sale
Contact for pricing
2014-2062 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
Lifestyle shopping center renovated in 2017 with 93% occupancy and a Big 5 Sporting Goods anchor.
Property Size48,017 SF
Lot Size4.90 Acres
Price / SF$343.30
Days on Market116
Property Features for 2014-2062 Lake Tahoe Blvd
General Information
Standard status
Active
Size
48,017 SF
Lot size
4.90 Acres
Property subtype
RETAIL
Occupancy
93%
Additional Details
Anchor Co-Tenants
Big 5 Sporting Goods
Building Details
Year Built
1973
Year Renovated
2017
Buildings
2
Tenancy
Multi
Listing Agency:
CBRE | Sacramento
(916) 446-6800
Listed By:
Stuart Wright · License #02113111
Source:
Moodyscre
Added: Apr 16
Changed: Jul 30
Last Checked: Aug 8 at 11:58AM
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 CBRE | Sacramento
Investment Insights
Based on property information with market context.
The Crossing at Tahoe Valley is a lifestyle shopping center anchored by Big 5 Sporting Goods, located within two in-line buildings on a 4.90-acre parcel. The center totals 48,017 square feet and was constructed in 1973, with renovations completed in 2017. Current occupancy is 93%, supported by a mix of restaurants, health and wellness providers, a fitness center, and boutique shops.
The property is located at the “Y” of South Lake Tahoe, at the convergence of Hwy 50 and Hwy 89. The tenant roster includes Compass Real Estate, T-Mobile, West Coast Sourdough, Elevate Wellness Center, IV Wellness, Verde Mexican Rotisserie, Tahoe Home Consignment, Lake Tahoe AleWorx, The Cocktail Corner, Cuppa Tahoe, Sugar Pine Housing, Earthwise Pet, Boca Dental, and Vacasa.
Leases are staggered, with the longest remaining lease term belonging to Boca Dental at 10 years remaining. The weighted average remaining lease term (WALT) is 3.11 years.
The property is located at the “Y” of South Lake Tahoe, at the convergence of Hwy 50 and Hwy 89. The tenant roster includes Compass Real Estate, T-Mobile, West Coast Sourdough, Elevate Wellness Center, IV Wellness, Verde Mexican Rotisserie, Tahoe Home Consignment, Lake Tahoe AleWorx, The Cocktail Corner, Cuppa Tahoe, Sugar Pine Housing, Earthwise Pet, Boca Dental, and Vacasa.
Leases are staggered, with the longest remaining lease term belonging to Boca Dental at 10 years remaining. The weighted average remaining lease term (WALT) is 3.11 years.
Key Highlights
- 48,017 SF lifestyle shopping center across two in‑line buildings
- 4.90‑acre parcel
- Renovated in 2017 (constructed 1973)
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
$683,182
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
4.14%
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%
$13,663,640
$13.7M
Cap Rate 7%
$9,759,743
$9.8M
Cap Rate 9%
$7,590,911
$7.6M
Market Conditions
NOI Build-Up for 48,017 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
$1.04M $21.60/SF
− Vacancy
−$61.2K −$1.27/SF
EGI
$976.0K $20.33/SF
− OpEx
−$292.8K −$6.10/SF
NOI
$683.2K $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 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%
$13,663,640
Cap Rate 7%
$9,759,743
Cap Rate 9%
$7,590,911
Alternative Uses
Best Use
Retail
$9.76M
$8.54M – $11.39M
NOI $683,182 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.17M
$15.02M – $20.03M
NOI $1,201,688 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
93%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
202k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 32%
Apparel 29%
Dining 23%
Shops & Services 13%
Raley's
Groceries
41,249 visits/mo
0.2 miles
T.J. Maxx
Apparel
33,126 visits/mo
0.1 miles
McDonald's
Dining
20,725 visits/mo
0.1 miles
Smart & Final
Groceries
14,794 visits/mo
0.0 miles
Big 5 Sporting Goods
Apparel
13,039 visits/mo
0.0 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 - Lifestyle shopping center renovated in 2017 with 93% occupancy and a Big 5 Sporting Goods anchor.
Where is this shopping center located?
The property is located at 2014-2062 Lake Tahoe Blvd South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $16,484,000.
What are key features of this property?
This property features: 48,017 SF lifestyle shopping center across two in‑line buildings; 4.90‑acre parcel; Renovated in 2017 (constructed 1973)
