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    1023 Emerald Bay Rd South Lake Tahoe, CA 96150

    For Sale
    $1,800,000

    Multi-tenant retail investment opportunity

    Property size:
    4,812 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional multi-tenant retail center, totaling 4,812 square feet, presents a compelling investment opportunity in South Lake Tahoe, California. Located at the highly visible "Y" intersection, this property benefits from its proximity to a McDonald's and the burgeoning Sugar Pine Village development, adding 248 residential units. The single-story, 1974-built building underwent renovations in 2024, including a new roof completed in September. Currently housing four tenants, including a Subway franchise, the property boasts a strong NOI of $96,955, yielding a 5.39% cap rate. The modified lease structure includes four units with long-term tenants and built-in 3% annual rent increases, ensuring consistent income growth. The 0.33-acre lot is zoned GC, offering stability and high barriers to entry due to limited new development in the area. The asking price is $1,800,000, and seller financing may be available. This fee-simple ownership provides a secure and profitable investment in a thriving South Lake Tahoe location. The property's APN is 023 430 291.

    Property Features for 1023 Emerald Bay Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,812 SF
    Class
    B
    Lot Size
    14,375 SF

    Building Details

    Year Built/Renovated
    1974/2024
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • 4,812 SF retail center at South Lake Tahoe's "Y" intersection, anchored by Subway and McDonald's.
    • Adjacent to the expanding 248‑unit Sugar Pine Village.
    • Fully leased with long‑term tenants.
    • 3% annual rent increases built into leases.
    • Limited new development in the area.
    • New roof installed September 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lady Luck Skate ... Tobacco Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    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
    -120.0035329
    Latitude
    38.912764

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    FAQs

    What type of property is this?
    Lifestyle center - Multi-tenant retail investment opportunity
    Where is this lifestyle center located?
    The property is located at 1023 Emerald Bay Rd South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 4,812 SF retail center at South Lake Tahoe's "Y" intersection, anchored by Subway and McDonald's.; Adjacent to the expanding 248-unit Sugar Pine Village.; Fully leased with long-term tenants.
    Request Owner's contact information
    1023 Emerald Bay Rd South Lake Tahoe, CA 96150
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    Realmo Value Estimation

    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.

    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.

    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
    1023 Emerald Bay Rd South Lake Tahoe, CA 96150
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