Multi-Tenant Mixed-Use Commercial
For Sale
$1,488,000
2205 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
Comm/Ind/BusOpp, South Lake Tahoe, CA
Property Size4,220 SF
Lot Size0.50 Acres
Price / SF$352.61
Days on Market455
Property Features for 2205 Lake Tahoe Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
RV
Window features
Double Pane Windows
Exterior features
Storage Shed
Directions
Property is on US Hwy 50, between 3rd St and Tahoe Keys Blvd and runs from Lake Tahoe Blvd to James Ave.
Subdivision
Y Area
Standard status
Active
APN
023211021000
Size
4,220 SF
Lot size
0.50 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air, Space Heater
Water source
Well
Amenities
private well
Building Details
Year built
1951
Flooring type
Tile, Concrete
Building materials
Wood Frame, Wood Siding
Additional Structures
Outbuilding, Storage
Listing Agency:
Compass
(530) 645-2777
Listed By:
Mark Salmon · License #01485376
(310) 230-5478
Added: Jul 10, 2025
Changed: Sep 16
Last Checked: Oct 7 at 1:06AM
MLS# 141952
Copyright © 2026 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial property comprises three buildings on a half-acre parcel in South Lake Tahoe. Existing occupancy includes a Pet Station retail operation and a commercial laundry business, with improvements supporting retail, storage, office, dog wash, and service-oriented uses. The primary building includes a lower-level storefront and an upper level with dog wash bays, private offices, storage, and a full bathroom. A detached storage shed is also part of the property. On-site parking includes RV parking, and the property is served by a private well. Built in 1951, the improvements feature wood-frame construction with wood siding, tile and concrete flooring, and heating that includes forced air, space heaters, and natural gas. Commercial zoning and the Tahoe Valley Area Plan support a range of retail, office, industrial service, light manufacturing, and mixed-use applications. Existing leases produce a 5.8% cap rate.
Key Highlights
- Three‑building commercial property on a 0.5‑acre parcel
- Two existing tenants span retail and commercial laundry uses
- 5.8% cap rate with existing leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,707
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,514,140
$1.5M
Cap Rate 7%
$1,081,529
$1.1M
Cap Rate 9%
$841,189
$841.2K
Market Conditions
NOI Build-Up for 4,220 SF
Gross rent
$126.6K $30.00/SF
− Vacancy
−$10.1K −$2.40/SF
EGI
$116.5K $27.60/SF
− OpEx
−$40.8K −$9.66/SF
NOI
$75.7K $17.94/SF
Area
El Dorado County, CA
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,514,140
Cap Rate 7%
$1,081,529
Cap Rate 9%
$841,189
Alternative Uses
Best Use
Flex RnD
$1.08M
$946.3K – $1.26M
NOI $75,707 @ 7.0% cap · market cap 5.09%
Second Best
Retail
$857.7K
$750.5K – $1.00M
NOI $60,042 @ 7.0% cap · market cap 4.04%
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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,317
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-building commercial site with existing tenants, private well, parking, and Commercial zoning in South Lake Tahoe.
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‑building commercial property on a 0.5‑acre parcel; Two existing tenants span retail and commercial laundry uses; 5.8% cap rate with existing leases in place
