Mixed-Use Property with Private
For Sale
$1,488,000
2205 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
Three occupied buildings accommodate retail, commercial laundry, and storage uses.
Property Size4,220 SF
Lot Size0.50 Acres
Price / SF$352.61
Days on Market476
Property Features for 2205 Lake Tahoe Boulevard
General Information
Standard status
Active
Size
4,220 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Cap Rate
5.8%
Mixed-Use Components
retail, industrial, storage
Tenant in Place
Yes
Property Use
Retail, Industrial, Storage
Amenities
private well
Storage Shed
Building Details
Building Size
4,220 SF
Year Built
1951
Buildings
3
Tenancy
Multi
Listing Agency:
Compass
(530) 645-2777
Listed By:
Mark A Salmon · License #01485376
(530) 318-7637
Source:
Pyramidpeakrealty
Added: Jul 10, 2025
Changed: Oct 25
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises three commercial buildings, with existing tenants operating a retail business and a commercial laundry. The retail tenant uses the main building for storefront activity and has additional space on the upper floor for dog washing, offices, storage, and a bathroom. A separate building serves the laundry operation, while another is used for storage. The site also has a private well and on-site parking.
Located in South Lake Tahoe’s Tahoe Valley Area Plan, the property is zoned Commercial. The plan identifies support for retail, office, industrial services, light manufacturing, and mixed-use development. The buildings date to 1951, and existing leases are associated with a 5.8% cap rate.
Located in South Lake Tahoe’s Tahoe Valley Area Plan, the property is zoned Commercial. The plan identifies support for retail, office, industrial services, light manufacturing, and mixed-use development. The buildings date to 1951, and existing leases are associated with a 5.8% cap rate.
Key Highlights
- Three commercial buildings with two existing tenants
- 5.8% cap rate
- Private well on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,042
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,200,840
$1.2M
Cap Rate 7%
$857,743
$857.7K
Cap Rate 9%
$667,133
$667.1K
Market Conditions
NOI Build-Up for 4,220 SF
Gross rent
$91.2K $21.60/SF
− Vacancy
−$5.4K −$1.27/SF
EGI
$85.8K $20.33/SF
− OpEx
−$25.7K −$6.10/SF
NOI
$60.0K $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%
$1,200,840
Cap Rate 7%
$857,743
Cap Rate 9%
$667,133
Alternative Uses
Best Use
Retail
$857.7K
$750.5K – $1.00M
NOI $60,042 @ 7.0% cap · market cap 4.04%
Second Best
Mixed Use
$624.0K
$546.0K – $728.0K
NOI $43,677 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,611 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Shops & Services 22%
Apparel 21%
Grocery Outlet Bargain Market
Groceries
21,774 visits/mo
0.3 miles
Smart & Final
Groceries
14,794 visits/mo
0.5 miles
Big 5 Sporting Goods
Apparel
13,039 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
5,255 visits/mo
0.2 miles
Chevron
Shops & Services
3,884 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied buildings accommodate retail, commercial laundry, and storage uses.
Where is this mixed-use property located?
The property is located at 2205 Lake Tahoe Boulevard South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Three commercial buildings with two existing tenants; 5.8% cap rate; Private well on site
