Lifestyle Shopping Center Anchored by Big
2014-2062 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
For Sale
Contact for pricing
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$324.47
Days on Market203
Property Features for 2014-2062 Lake Tahoe Blvd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Additional Details
Anchor Co-Tenants
Building Details
Year Built
Year Renovated
Buildings
Tenancy
Listing Agency:
CBRE - Sacramento
Listed By:
Stuart Wright · License #CA 01451087
(916) 446-8206
Source:
Crexi
Added: Apr 20
Changed: Oct 26
Last Checked: Nov 8 at 7:30AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$683,182
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
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
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 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 4.38%
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 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Similar Off Market Nearby
- Alpine Center — 1950 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
- Coinstar Kiosk | Bitcoin ATM — Raley's, 1040 Emerald Bay Rd, South Lake Tahoe, CA 96150
- South Four Center Shopping Center — South Lake Tahoe, CA 96150
- The Crossing at Tahoe Valley — 2012 SOUTH Lake Tahoe Blvd, South Lake Tahoe, CA 96150
- Hill's Center — 2180 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
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 $15,580,000.
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)
