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    South Lake Tahoe Motel Property Title is generated by Realmo AI

    3863 Pioneer Trail, South Lake Tahoe, CA 96150

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    For Sale
    $2,950,000

    COMMERCIAL - South Lake Tahoe, CA

    Property size:
    8,136 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $362/SF
    Added:
    Nov 2, 2023
    Days on Market:
    944
    Last Refresh:
    Jun 2 at 3:06 pm

    Property Features for 3863 Pioneer Trail

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Window features
    Double Pane Windows
    Exterior features
    Land Included
    Standard status
    Active
    APN
    029161023000
    Size
    8,136 SF
    Lot size
    0.29 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Space Heater, Natural Gas

    Building Details

    Year built
    1970
    Flooring type
    Tile, Carpet
    Building materials
    Wood Frame, Wood Siding
    Roof type
    Flat

    We can help!

    Listing Contact
    Lloyd Aronoff
    Lloyd Aronoff

    Listing agent Lloyd Aronoff License #00498929

    Listing office RE/MAX Gold - SLT 2568 Lake Tahoe Blvd., South Lake Tahoe, CA

    Listing date Nov 2, 2023

    MLS# 139569

    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.

    HighLights

    • Prime location near casinos, Heavenly Valley ski lifts, shopping, movies, and restaurants.
    • Includes a large apartment suitable for rental income or owner/manager occupancy.
    • Existing motel property generating monthly rental income.
    • Short walk to Stateline and Lake Tahoe attractions.
    • Land included with the property.
    • Natural gas heating available.

    Overview

    This commercial property, currently operating as the Pioneer Inn, is located in South Lake Tahoe, California. The motel property is currently being rented on a monthly basis. The property includes a large apartment, suitable for rental income or use as an owner/manager residence. Situated on a 0.29-acre lot, the property encompasses a total area of 8,136 square feet. Its zoning is classified as Commercial. The location provides convenient access to casinos, Heavenly Valley ski lifts, shopping centers, movie theaters, restaurants, and other attractions in the Stateline and Lake Tahoe area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Resume Writer California Employment Agency

    Suggested Use

    Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Restaurant Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • April Haven — 3562 april dr, south lake tahoe, ca 96150
    • La Casa del Pines — 3224 apple st, south lake tahoe, ca 96150
    • The Black Bart House — black bart ave, south lake tahoe, ca 96150
    • Lovely Home with Hot Tub and Pet Friendly by RedAwning — 3354 hobart rd, south lake tahoe, ca 96150
    • Hank Monk Chalet by RedAwning — 2730 hank monk ave, south lake tahoe, ca 96150

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.948006
    Latitude
    38.950886

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    FAQs

    What type of property is this?
    Motel - Motel property near casinos, ski lifts, shopping, and restaurants.
    Where is this motel located?
    The property is located at 3863 Pioneer Trail South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Prime location near casinos, Heavenly Valley ski lifts, shopping, movies, and restaurants.; Includes a large apartment suitable for rental income or owner/manager occupancy.; Existing motel property generating monthly rental income.
    (530) 541-0200
    We can help!
    Listing Contact
    Lloyd Aronoff
    Lloyd Aronoff
    Real Estate License ID: 00498929
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    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.

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