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Property profile & analytics
OFF-MARKET
Estimated value
$3,805,000
Strip malls
10015 Palisades Dr Truckee, CA 96161-1970
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2174576
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
18,569 SF
Lot
1.72 ac (74,923 SF)
Zoning code
C
APN
019-450-050-000
UPID
US09-2174576
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Burkhart Bodywork Alternative Medicine Practice Spa & Massage Center
-
Farmers Insurance - Joseph Alfonso Insurance Agency
-
Full Circle Movement Gym & Fitness Center
-
Fred Maier Attorney Law Firm
-
Laub & Laub Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.81M
Owner & transaction history
Truckee River Business Center · 11 yrs held
Truckee River Business Center
since 2015
7 recorded transactions
Zoning & alternative use
C · Truckee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Truckee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Truckee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,850,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,620,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$2,620,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$205 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$43,295
Tax year 2024
Assessed value
$2,512,103
Assessed 2024
Previous assessed
$2,512,103
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$738,852
Assessed improvement
$1,773,251
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Stories
2
Total area
18,569 SF
Lot
1.72 ac (74,923 SF)
Zoning code
C
APN
019-450-050-000
UPID
US09-2174576
Jurisdiction
NEVADA
Zoning & alternative use
C · Truckee, CAZoning C · permitted uses
C · Truckee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Truckee River Business Center
Individual
Mailing address
61 DOUD DR, LOS ALTOS, CA 94022-2323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
Truckee River Business Center LLC
—
Deed
related
$740,601 · Bank Of The West
Apr 16, 2015
—
Truckee River Business Center
Trbc Properties LLC
Grant Deed
—
Apr 30, 2012
—
Trbc Properties LLC
Perliss Family Trust
Quit Claim Deed
—
Apr 12, 2002
—
Perliss Trust
Perliss,herbert & Cheryl E
Quit Claim Deed
related
—
Jun 25, 1999
$1,000
Town Of Truckee
Perliss,herbert & Cheryl E
Grant Deed
related
—
Aug 31, 1989
$687,000
Herbert Perliss
Unknown
Grant Deed
—
—
—
Truckee River Business Center
—
Deed Of Trust
related
$900,000 · Bank Of The West
—
—
Perliss,tr
—
Deed Of Trust
related
$1,400,000 · Stancorp Mortgage Investors
—
—
Herbert Perliss
—
Deed Of Trust
related
$1,150,000 · Placer Sierra Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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