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    1020 Johnson Blvd South Lake Tahoe, CA 96150-8214
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    Property profile & analytics

    1020 Johnson Blvd South Lake Tahoe, CA 96150-8214

    View on Map
    • Grocery and convenience stores
    • 2.66 lot acres
    Off-Market
    Last Sale Feb 16, 2021
    Property ID
    US09-2933072
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adam R. Schweim, PharmD / Pharmacy
    • Safeway Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Starbucks / Cafe & Coffee Shop
    • Cardtronics ATM / Atm

    Property Details for 1020 Johnson Blvd

    Lot size
    2.66 lot acres
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    027-180-022-510
    APU
    27180022510

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.967
    Latitude
    38.945
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,892
    $1,308,816
    $0.00
    $1,308,816
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.36 Acres

      Lake

      GROCERY, SUPERMARKET • 5.36 Acres
      Lake, Tahoe, CA 96150
      View Details
    • Value Estimation
      $15,470,000
      163,350 SF

      1040 Johnson Blvd

      GROCERY, SUPERMARKET • 163,350 SF
      1040 Johnson Blvd, South Lake Tahoe, CA 96150
      View Details
    • Value Estimation
      $2,330,000
      13,696 SF

      2977 Us Hwy 50

      GROCERY, SUPERMARKET • 13,696 SF
      2977 Us Hwy 50, South Lake Tahoe, CA 96150-5262
      View Details
    • Value Estimation by Request
      4,812 SF

      1023 Emerald Bay Rd

      Lifestyle centers • 4,812 SF
      1023 Emerald Bay Rd, South Lake Tahoe, CA 96150
      View Details
    • Value Estimation by Request
      0.37 Acres

      Lake

      GROCERY, SUPERMARKET • 0.37 Acres
      Lake, Tahoe, CA 96150
      View Details
    • Value Estimation
      $3,605,000
      33,304 SF

      2358 Lk Tahoe Blvd

      GROCERY, SUPERMARKET • 33,304 SF
      2358 Lk Tahoe Blvd, South Lake Tahoe, CA 96150-7103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,019 SF

      Established Convenience Store For Sale

      Profitable convenience store with 15 years remaining on lease.
      3885 Pioneer Trl, South Lake Tahoe, CA 96150
      View Details
    • $2,995,000
      8,168 SF

      Renovated Restaurant and Retail Property

      Multi-tenant restaurant and retail property near the lake.
      3115 Harrison Ave, South Lake Tahoe, CA 96150
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    • $1,995,000
      5,275 SF

      Two-Story Commercial Building in Tahoe

      Versatile retail and office space in South Lake Tahoe.
      2724 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
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    • $3,025,000
      8,896 SF

      South Lake Tahoe Retail Investment

      Pet Supermarket-Anchored, High-Traffic Location
      960 Emerald Bay Rd, South Lake Tahoe, CA 96150
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    • $1,995,000

      Versatile Commercial Building in South Tahoe

      Two-story commercial building with retail, office, and shop space.
      2724 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
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    • Contact for pricing

      South Lake Tahoe Commercial Building

      Four-unit commercial building in high-traffic tourist area.
      1018 Al Tahoe Blvd, South Lake Tahoe, CA 96150
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    Similar Nearby for Lease

    • $2 SF/Yr

      Retail and Warehouse Space Available

      Retail building with warehouse and storage in South Lake Tahoe.
      2719 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
      21,554 SF

      South Lake Tahoe Retail Space

      Prime retail space in high-traffic South Lake Tahoe location.
      3091 Harrison Ave, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing
      16,745 SF

      Retail Space in South Lake Tahoe

      Retail space available for lease in South Lake Tahoe.
      1056 Emerald Bay Rd, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing
      11,800 SF

      Multi-Vendor Food Hall Kitchen Space

      Shared-use commercial kitchen and food hall for rent.
      1030 Tata Ln, South Lake Tahoe, CA 96150
      View Details
    • $5 SF/Yr

      Retail Space in Tourist Core

      Prime retail space in South Lake Tahoe's tourist hub.
      4075-4101 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr

      Prime Retail Location in Tahoe

      High-traffic retail space in South Lake Tahoe's gateway location.
      2014-2062 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details

    Property Visit Statistics

    • Visits by month
      149.9k
    • Visitors by month
      78.5k
    • Avg Time on site
      24 min
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    South Lake Tahoe, CA 96150-8214
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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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