Listing Agency: NAI Tahoe Sierra

Listed By: Scott Fair · License #CalDRE #01761504 Show Phone

Source: Naiglobal

Added: Mar 6 Changed: Jul 6 Last Checked: Oct 11 at 4:53AM

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Investment Insights

Based on property information with market context.

The former Bonanza Produce distribution facility is available for sale. It consists of two parcels located at 3716 & 3717 Osgood Ave in South Lake Tahoe, CA. The offering includes a two-story building with approximately 4,000 square feet, as per TRPA land coverage verification records, situated on a parcel of approximately 4,792 square feet. An adjacent vacant lot offers approximately 20,038 square feet, bringing the total land area to approximately 24,830 square feet. The building offers flexible commercial use. It features two loading docks with dock levelers for efficient shipping and storage. The lower level is suitable for storage, shop, or distribution. The second level includes offices, a kitchen, and a full bathroom for live/work use, and ample parking and yard space.

Key Highlights

• ±24,830 sq. ft. total land area in South Lake Tahoe.
• ±4,000 sq. ft. two‑story building with flexible commercial use.**
• Two loading docks with dock levelers for efficient shipping and storage.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,736

Cap Rate

5.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,314,720 $1.3M

Cap Rate 7%

$939,086 $939.1K

Cap Rate 9%

$730,400 $730.4K

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$105.6K $26.40/SF

− Vacancy

−$18.0K −$4.49/SF

EGI

$87.6K $21.91/SF

− OpEx

−$21.9K −$5.48/SF

NOI

$65.7K $16.43/SF

Area

El Dorado County, CA

Vacancy

17.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,314,720

Cap Rate 7%

$939,086

Cap Rate 9%

$730,400

Alternative Uses

Best Use

Office B

$939.1K

$821.7K – $1.10M (±1% cap)

NOI $65,736 @ 7.0% cap · market cap 5.59%

Second Best

Warehouse

$613.8K

$537.1K – $716.2K (±1% cap)

NOI $42,969 @ 7.0% cap · market cap 3.66%

Theoretical Best

Specialty Retail

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,105 @ 7.0% cap · market cap 8.52%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Auto Repair Shop HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

602

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story building with vacant lot in South Lake Tahoe.

Where is this mixed-use property located?

The property is located at 3716 & 3717 Osgood Ave South Lake Tahoe, CA.

What is the asking price?

The asking price for this property is $1,175,000.

What are key features of this property?

This property features: ±24,830 sq. ft. total land area in South Lake Tahoe.; ±4,000 sq. ft. two‑story building with flexible commercial use.**; Two loading docks with dock levelers for efficient shipping and storage.**