Two-Story Restaurant
For Sale
$2,450,000
3160 Us Highway 50, South Lake Tahoe, CA 96150
COMMERCIAL - South Lake Tahoe, CA
Property Size3,652 SF
Lot Size0.29 Acres
Price / SF$670.87
Days on Market114
Property Features for 3160 Us Highway 50
General Information
Property type
Commercial Sale
Property subtype
Other
Window features
Double Pane Windows
Directions
from echo summit, property will be on the left going down US highway 50
Subdivision
Meyers
Standard status
Active
APN
034323010000
Lot size
0.29 Acres
Utilities
Heating system
Natural Gas, Forced Air
Amenities
gas log fireplace
fenced front yard with firepit
Building Details
Year built
2013
Flooring type
Concrete, Wood
Building materials
Wood Frame, Wood Siding
Roof type
Composition
Listing Agency:
Compass
(530) 645-2777
Listed By:
Mark Salmon · License #01485376
(310) 230-5478
Added: May 1
Changed: Aug 5
Last Checked: Aug 22 at 5:06PM
MLS# 142840
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 two-story restaurant building contains 3,652 square feet on a 10,019 square foot lot and was built in 2013. The operating full-service restaurant includes a production-capable kitchen with multiple deck pizza ovens, a 9 ft x 9 ft walk-in refrigerator, an 8-tap beer keg walk-in cooler, commercial appliances, and multiple workstations. Interior features include a gas log fireplace, full bar, counter seating, custom booths, and office space. The second floor is currently used as an office and may serve as employee housing by right for a commercial building with more than 1,000 square feet of commercial floor area.
Located on US Highway 50 at 3160 US Highway 50 in Meyers, the property offers approximately 70 feet of highway frontage, 11 on-site parking spaces, and an internally illuminated freestanding monument sign. The parcel is within the Meyers Community Center district, designated MAP-1 under the 2018 Meyers Area Plan. By-right uses include eating and drinking establishments, food and beverage sales, retail, professional offices, personal services, bed and breakfast, amusement and recreation services, and small-scale food production. A fenced front yard with firepit, conveyed inventory and fixtures, and the Bob Dog Pizza trademark and logo are included in the sale.
Located on US Highway 50 at 3160 US Highway 50 in Meyers, the property offers approximately 70 feet of highway frontage, 11 on-site parking spaces, and an internally illuminated freestanding monument sign. The parcel is within the Meyers Community Center district, designated MAP-1 under the 2018 Meyers Area Plan. By-right uses include eating and drinking establishments, food and beverage sales, retail, professional offices, personal services, bed and breakfast, amusement and recreation services, and small-scale food production. A fenced front yard with firepit, conveyed inventory and fixtures, and the Bob Dog Pizza trademark and logo are included in the sale.
Key Highlights
- 3,652‑square‑foot restaurant building on a 10,019‑square‑foot lot
- Approximately 70 feet of frontage on US Highway 50
- Built in 2013 with 11 on‑site parking spaces
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
$91,396
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
3.73%
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%
$1,827,920
$1.8M
Cap Rate 7%
$1,305,657
$1.3M
Cap Rate 9%
$1,015,511
$1.0M
Market Conditions
NOI Build-Up for 3,652 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
$135.9K $37.20/SF
− Vacancy
−$14.0K −$3.83/SF
EGI
$121.9K $33.37/SF
− OpEx
−$30.5K −$8.34/SF
NOI
$91.4K $25.03/SF
Area
El Dorado County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,827,920
Cap Rate 7%
$1,305,657
Cap Rate 9%
$1,015,511
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,396 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$461.5K
$403.9K – $538.5K
NOI $32,308 @ 7.0% cap · market cap 1.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full-service restaurant with a production brewery-ready kitchen, taproom infrastructure, and employee housing potential.
Where is this conventional restaurant located?
The property is located at 3160 Us Highway 50 South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 3,652‑square‑foot restaurant building on a 10,019‑square‑foot lot; Approximately 70 feet of frontage on US Highway 50; Built in 2013 with 11 on‑site parking spaces
