Medical Office with Indoor
812 Emerald Bay Rd South Lake Tahoe, CA 96150
812 Emerald Bay Rd, South Lake Tahoe, CA, 96150
Contact for pricing
For Sale
Contact for pricing
Medical office property on Highway 89 with ample parking and an indoor pool used by current healthcare tenants.
Property Size2,458 SF
Lot Size0.36 Acres
Price / SF$398.70
Days on Market16
Property Features for 812 Emerald Bay Rd
General Information
- Standard status
- Active
- Size
- 2,458 SF
- Lot size
- 0.36 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1997
Listing agency
Marcus & Millichap - Sacramento
(916) 724-1326
Listed by
Edward Nelson · License #CA 01452610
Source
Crexi
Added: Jul 7 Updated: Jul 22 at 3:44AM Checked: Jul 22 at 3:44AM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
The subject property at 812 Emerald Bay Road is a medical-oriented office building constructed in 1997. The tenant mix is currently led by a physical therapist, with an additional swimming instructor utilizing the indoor pool. The site includes a vacant private office suite, and the property is 96% occupied. An indoor, heated pool is a distinctive feature that supports both instruction and rehabilitation uses.
The property has frontage along Highway 89 (Emerald Bay Road) and provides ingress and egress from both Highway 89 and Roger Avenue. It is located approximately 0.4 miles north of “The Y” at the intersection of Highway 89 and Highway 50 in South Lake Tahoe.
The building is situated on a 0.36-acre parcel with ample parking and flexible General Commercial zoning, supporting a range of commercial uses consistent with the zoning designation.
The property has frontage along Highway 89 (Emerald Bay Road) and provides ingress and egress from both Highway 89 and Roger Avenue. It is located approximately 0.4 miles north of “The Y” at the intersection of Highway 89 and Highway 50 in South Lake Tahoe.
The building is situated on a 0.36-acre parcel with ample parking and flexible General Commercial zoning, supporting a range of commercial uses consistent with the zoning designation.
Key Highlights
- Built in 1997 medical office property at 812 Emerald Bay Road
- 96% occupied with in‑place tenants including a physical therapist and a swimming instructor
- Indoor heated pool on‑site used for swimming lessons and physical therapy rehabilitation
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.6k | $33.60 |
| − Vacancy | −$8.5k | −$3.46 |
| EGI | $74.1k | $30.14 |
| − OpEx | −$29.6k | −$12.06 |
| NOI | $44.4k | $18.08 |
2,458 SF · lease $33.60/SF/yr · vacancy 10.30% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$635.0K
$555.6K – $740.8K
NOI $44,449 @ 7.0% cap · market cap 4.54%
Second Best
Office B
$577.1K
$504.9K – $673.3K
NOI $40,395 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$878.8K
$768.9K – $1.03M
NOI $61,515 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Emerald Bay Physical ...
Physician
Sarah B. Hockey, ...
Physician
Nanamura R Scott
Medical Clinic
Jason Collin
Physician
Jessica Jones
Physician
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FAQs
What type of property is this?
Medical Office Space - Medical office property on Highway 89 with ample parking and an indoor pool used by current healthcare tenants.
Where is this medical office space located?
The property is located at 812 Emerald Bay Rd South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Built in 1997 medical office property at 812 Emerald Bay Road; 96% occupied with in‑place tenants including a physical therapist and a swimming instructor; Indoor heated pool on‑site used for swimming lessons and physical therapy rehabilitation
