Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    355 Shakehill Road Markleeville, CA 96120

    View on Map
    Claim this Listing
    New
    For Sale
    $305,000

    LAND - Markleeville, CA

    Lot size:
    9.58 Acres
    Added:
    May 1, 2026
    Days on Market:
    3
    Last Refresh:
    May 3 at 12:06 pm

    Property Features for 355 Shakehill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single Family
    Fencing
    Fenced
    Standard status
    Active
    APN
    001-180-002-000
    Lot size
    9.58 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1629

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    Building Details

    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Nicole Zaborsky
    Nicole Zaborsky

    Listing agent Nicole Zaborsky License #BS.146514

    Listing office Ascent Property Group 716 W 6th St, South Lake Tahoe, CA

    Listing date May 1, 2026

    MLS# 260005372 Listing URL

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sierra Nevada View Land Parcel

    This 9.58-acre parcel offers views of the Sierra Nevada mountains. Zoned for horses, the property backs directly to U.S. Forest Service land, providing trail access. The neighborhood includes underground electricity and a paved road. Located in Alpine County, the property is a short drive from Carson Valley amenities. This property is an opportunity to build a home in a scenic setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Markleeville
    County
    Alpine
    State
    California
    Longitude
    -119.7987674
    Latitude
    38.8116452

    Nearby Similar for Sale

    • $305,000

      Sierra Nevada View Land Parcel

      9.58-acre parcel with mountain views, backs to U.S. Forest.
      355 Shakehill Road, Markleeville, CA 96120
      View Details
    • $120,000

      Land with Carson Valley Views

      2.64-acre parcel with 360° views near Markleeville.
      6 Hawkins Peak Road, Markleeville, CA 96120
      View Details
    • $275,000

      Sierra Nevada View Land Parcel

      Land with unobstructed Sierra Nevada views near Lake Tahoe.
      1 Foothill Road, Markleeville, CA 96120
      View Details
    • $3,250,000

      Sierra Nevada Mountain Paradise Land

      570+ acres of land with diverse terrain and water.
      APN 047 State Route 89, Markleeville, CA 96120
      View Details
    • $170,000

      Scenic View Parcel in Markleeville

      Stunning 3.67-acre view parcel in Carson Ridge community.
      12 Silver Peak, Markleeville, CA 96120
      View Details
    • $198,500

      Markleeville Land with Panoramic Views

      4-acre lot in Carson Ridge, near Lake Tahoe.
      Silver Peak Rd, Markleeville, CA 96120
      View Details
    • $58,000

      Markleeville Land with Approved Plans

      Large lot near hiking trails with home plans included.
      50 Pinon Road, Markleeville, CA 96120
      View Details
    • $45,000

      Markleeville Land with Tall Pines

      Residential land with water hookup in Markleeville, California.
      546 Pleasant Valley Road, Markleeville, CA 96120
      View Details
    • $120,000

      Sierra Nevada Vacant Land Parcel

      3.73 acre vacant parcel near Kirkwood Ski Resort.
      Hawkins Peak Road lot: 10, Markleeville, CA 96120
      View Details
    • $210,000

      Wooded Lot with Mountain Views

      3.45 acre wooded lot with Sierra mountain views.
      17 Raymond View Road, Markleeville, CA 96120
      View Details
    • $135,000
      178,596 SF

      Corner Lot with Expansive Views

      Corner lot with expansive views and easy highway access.
      Lot 5 Sunrise Trail, Markleeville, CA 96120
      View Details
    • $47,000

      Markleeville Treed Lot For Sale

      Gently upsloping treed lot near Markleeville Creek and Grover Hotsprings.
      66 Pleasant Valley Road, Markleeville, CA 96120
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 9.58-acre parcel with mountain views and forest access.
    Where is this residential land & home lot located?
    The property is located at 355 Shakehill Road Markleeville, CA.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: Breathtaking Sierra Nevada mountain views.; 9.58‑acre parcel backing directly to U.S. Forest Service land with trail access.; Horse‑zoned property.
    (530) 416-2779
    We can help!
    Listing Contact
    Nicole Zaborsky
    Nicole Zaborsky
    Real Estate License ID: BS.146514
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    355 Shakehill Road, Markleeville, CA 96120

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!