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

    735 Emerald Bay Road South Lake Tahoe, CA 96150

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,480,000

    24-unit hotel with recent renovations and prime location.

    Type:24 Unit Tahoe Lodge
    Property size:
    6,628 SF
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 10:42 pm

    Property Features for 735 Emerald Bay Road

    General Information

    Standard status
    Active
    Size
    6,628 SF
    Property subtype
    24 Unit Tahoe Lodge

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    Scott Fair
    Scott Fair

    Listing agent Scott Fair License #CalDRE #01761504

    Listing office NAI Tahoe Sierra

    Listing date Mar 6, 2026

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Tahoe Sierra

    Overview

    Renovated South Lake Tahoe Lodge

    The Emerald Bay Lodge Lake Tahoe features 24 rooms, including a manager's unit, an outside bar, and a swimming pool. The property consists of three building stories with a Gross Building Area (GBA) of approximately 6,628 square feet. Renovations, which began in 2022, include a new roof, new interior walls, ceiling finish and paint, new flooring, new interior lighting, new bathrooms, new entry doors, new keyless locks, new high-speed wireless internet and cable service, and completely new furniture and bedding. The property is located in South Lake Tahoe, offering proximity to dining and entertainment options. The zoning is Town Center, offering diverse development opportunities. The property offers the opportunity to capitalize on the thriving tourism industry.
    Location Intelligence

    Current Use by Public Records

    South Lake Tahoe ... Wedding Service Emerald Bay Lodge Hotel & Motel Pine Cone Acre ... Hotel & Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -120.012
    Latitude
    38.9194

    Nearby Similar for Sale

    • $750,000
      1,396 SF

      South Lake Tahoe Duplex Cabins

      Duplex with rental income and development potential near beaches.
      705 Eloise Avenue, South Lake Tahoe, CA 96150
      View Details
    • $700,000
      2,750 SF

      South Lake Tahoe Multifamily Investment

      Multifamily property in South Lake Tahoe with rental history.
      2493 Ponderosa Street, South Lake Tahoe, CA 96150
      View Details
    • $1,600,000
      5,716 SF

      South Lake Tahoe Apartment Building

      Centrally located 6-unit apartment building near Heavenly Village.
      3716 Pioneer Trail, South Lake Tahoe, CA 96150
      View Details
    • $1,650,000
      4,872 SF

      Highway 50 Frontage Hotel Opportunity

      South Lake Tahoe hotel with redevelopment potential near the airport.
      1313 Emerald Bay Road, South Lake Tahoe, CA 96150
      View Details
    • $1,488,000
      4,220 SF

      Multi-Tenant Commercial Property For Sale

      Commercial property with stable income and development flexibility in South Lake Tahoe.
      2205 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
      View Details
    • $825,000
      1,652 SF

      Lake Tahoe Duplex Near Beach

      Well-maintained duplex one block from Lake Tahoe with rental potential.
      810 Merced Avenue, South Lake Tahoe, CA 96150
      View Details
    • $2,896,000
      5,743 SF

      New Multifamily Near Heavenly Village

      New 5-unit multifamily property in South Lake Tahoe.
      1057 Fern Road, South Lake Tahoe, CA 96150
      View Details
    • $995,000
      2,400 SF

      Turn-Key Multifamily Investment Opportunity

      Seven units near Lake Tahoe and Heavenly Valley ski resort.
      1029 Reno Avenue, South Lake Tahoe, CA 96150
      View Details
    • $3,900,000
      10,836 SF

      South Lake Tahoe Hotel Investment

      33-unit hotel near casinos, shopping, and Heavenly Village.
      3901 Pioneer Trail, South Lake Tahoe, CA 96150
      View Details
    • $2,290,000

      South Lake Tahoe Multifamily Investment

      13-unit multifamily property in South Lake Tahoe, California.
      3715 Blackwood Road, South Lake Tahoe, CA 96150
      View Details
    • $836,000
      2,116 SF

      Updated Duplex Near Heavenly Resort

      Spacious, updated duplex near Heavenly Ski Resort, generating monthly income.
      3695 Primrose Road, South Lake Tahoe, CA 96150
      View Details
    • $1,150,000
      3,176 SF

      South Lake Tahoe Multifamily Property

      Seven-unit multifamily property in South Lake Tahoe near Stateline.
      1036 Moss Rd, South Lake Tahoe, CA 96150
      View Details

    FAQs

    What type of property is this?
    Hotel - 24-unit hotel with recent renovations and prime location.
    Where is this hotel located?
    The property is located at 735 Emerald Bay Road South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $3,480,000.
    What are key features of this property?
    This property features: Extensive renovations completed starting in 2022, including new roof, interior finishes, bathrooms, furniture, and more.; 24 units including a manager's unit, outside bar, and swimming pool.; Prime location in South Lake Tahoe, a popular tourist destination.
    (530) 525-2304
    We can help!
    Listing Contact
    Scott Fair
    Scott Fair
    Real Estate License ID: CalDRE #01761504
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!