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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Warehouses
1056 Tahoe Blvd Incline Village, NV 89451-9326
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US62-0226751
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,064 SF
Lot
1 ac (43,560 SF)
Zoning code
TA_PR
APN
130-152-07
UPID
US62-0226751
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Thunderbird Lodge Preservation · 14 yrs held
Thunderbird Lodge Preservation
since 2012
7 recorded transactions
Zoning & alternative use
TA_PR · Incline Village, NV
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 Incline Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Incline Village 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%
$1,200,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$855,000
Current use
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$103 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$455
Tax year 2023
Assessed value
$338,313
Assessed 2023
Previous assessed
$288,729
+17.2% YoY
Effective rate
0.13%
On assessed value
Assessed land
$182,952
Assessed improvement
$155,361
Land market value
$522,720
Improvement market value
$443,888
Total market value
$966,608
Applied tax rate
5,200.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
8,064 SF
Lot
1 ac (43,560 SF)
Zoning code
TA_PR
APN
130-152-07
UPID
US62-0226751
Jurisdiction
WASHOE
Zoning & alternative use
TA_PR · Incline Village, NVZoning TA_PR · permitted uses
TA_PR · Incline Village, NV
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
WAREHOUSE, STORAGE Current
Est. value
$855,000
WAREHOUSE, STORAGE Current
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
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1 ac
Current owner
From public records · entity-resolved
Thunderbird Lodge Preservation
Individual
Mailing address
PO BOX 6812, INCLINE VILLAGE, NV 89450-6812
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2012
$1,100,500
Thunderbird Lodge Preservation
Umpqua Bk
Grant Deed
—
Aug 31, 2011
$1,518,477
Umpqua Bk
Western Title Co LLC
Trustees Deed
related
—
Apr 30, 1997
—
Lahner,peter & Brenda
—
Grant Deed
related
$238,276 · Nevada Banking Co
Nov 28, 1994
$600,000
Peter Lahner
Antonitsch,erwin & Dine
Quit Claim Deed
related
$564,000 · American Savings Bank
—
—
Peter G Lahner
—
Deed Of Trust
related
$1,836,907 · Nevada Security Bank
—
—
Peter Lahner
—
Deed Of Trust
related
$270,000 · Acres Corp
—
—
Peter Lahner
—
Deed Of Trust
related
$15,000 · D G Menchetti Ltd
—
—
Peter G Lahner
—
Deed Of Trust
related
$500,000 · Nevada Security Bank
—
—
Peter Lahner
—
Deed Of Trust
related
$100,000 · Rehberger Trust
—
—
Peter Lahner
—
Deed Of Trust
related
$120,000 · Nevada Security Bank
—
—
Peter G Lahner
—
Deed Of Trust
related
$1,527,500 · Nevada Security Bank
—
—
Peter Lahner
—
Deed Of Trust
related
$165,000 · Clay Trust
—
—
Peter Lahner
—
Deed Of Trust
related
$50,000 · Acres Corp Psp
—
—
Peter Lahner
—
Deed Of Trust
related
$667,951 · Nevada Banking Co
—
—
Peter Lahner
—
Deed Of Trust
related
$1,091,227 · Nevada Banking Co
—
—
Peter Lahner
—
Deed Of Trust
related
$60,000 · Nevada Banking Co
—
—
Peter L Lahner
—
Deed Of Trust
related
$170,000 · Individual
—
—
Peter Lahner
—
Deed Of Trust
related
$165,000 · Clay Trust
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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