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    948 Northwood Boulevard Incline Village, NV 89451

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    For Sale
    $1,950,000

    MULTI_FAMILY - Mountain - Incline Village, NV

    Property size:
    1,944 SF
    Lot size:
    0.00 Acres
    Price / SF:
    $1,003/SF
    Added:
    Sep 7, 2025
    Days on Market:
    238
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 948 Northwood Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 1
    Parking features
    Garage, Off Street, Open
    Patio and Porch features
    Deck
    Interior features
    BeamedCeilings, BreakfastBar, CathedralCeilings, GraniteCounters, HighCeilings, MarbleCounters, MainLevelPrimary, VaultedCeilings
    Exterior features
    Deck
    Fireplace
    1
    Appliances
    Dryer, Dishwasher, ElectricOven, ElectricRange, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    131-290-08
    Size
    1,944 SF
    Lot size
    0.00 Acres

    Taxes and HOA fees

    Tax Description
    CHALETS 2 LT 8
    Tax Annual Amount
    8725

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    1981
    Floors in Building
    2
    Flooring type
    Hardwood, Tile
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Mountain

    We can help!

    Listing Contact
    M Trevor Smith

    Listing agent M Trevor Smith License #BS.33753

    Listing office Coldwell Banker Select 931 Tahoe Blvd Suite 1A, Incline Village, NV

    Listing date Sep 7, 2025

    MLS# 1018440 Listing URL

    Copyright © 2026 Incline Village Board 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.

    Overview

    Golf Course View Home

    This freestanding home is situated on the 17th tee of the Incline Village Championship Golf Course, offering views of the fairway and the 16th hole's green. The upper-level living area features open-beamed vaulted ceilings, abundant natural light, and teak floors, with the primary suite on the same level. The open kitchen includes slab granite, KitchenAid appliances, and a breakfast nook. Expansive decks on both levels capture the golf course setting and provide stairs to grade. The property includes two parcels—one for the home and one for the detached garage—along with 10 full IVGID passes. Located at low elevation just three blocks from Incline's private beaches and with easy access to Tahoe Blvd, it combines convenience with mountain style charm. With no HOA fees, dues, or rental restrictions, this property offers an exceptional opportunity. The property is 1944 square feet and sits on a 0.001-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Incline Village
    County
    Washoe
    State
    Nevada
    Longitude
    -119.944589
    Latitude
    39.249597

    Nearby Similar for Sale

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    • $3,150,000
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      Mountain Home with Elevator Access

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      661 Rosewood Circle, Incline Village, NV 89451
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    • $1,780,000
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      Incline Village Freestanding Home

      Three-bedroom home with HOA, near golf course, furnished.
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    FAQs

    What type of property is this?
    Golf course & driving range - Home on golf course with no HOA fees.
    Where is this golf course & driving range located?
    The property is located at 948 Northwood Boulevard Incline Village, NV.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Prime golf course location on the 17th tee with views of the 16th green; Includes 10 full IVGID passes for access to Incline Village amenities; No HOA fees, dues, or rental restrictions, offering flexibility and cost savings
    (775) 815-4836
    We can help!
    Listing Contact
    M Trevor Smith
    Real Estate License ID: BS.33753
    Learn More
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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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    948 Northwood Boulevard, Incline Village, NV 89451

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