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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Warehouses
1060 Tahoe Blvd Incline Village, NV 89451-9326
Entity Owned
24-yr Hold
Free & Clear
Property ID
US62-0385910
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
WOOD
Total area
20,100 SF
Lot
2.22 ac (96,703 SF)
Zoning code
TA_PR
APN
130-152-12
UPID
US62-0385910
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
-
Lake Tahoe Boat Rentals Boat Rental Service
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Alpine Self-Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.01M
Owner & transaction history
Circle I LLC · 24 yrs held
Circle I LLC
since 2002
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,130,000
Current use
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±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
$100 / 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
$21,601
Tax year 2023
Assessed value
$635,253
Assessed 2023
Previous assessed
$562,930
+12.8% YoY
Effective rate
3.40%
On assessed value
Assessed land
$253,845
Assessed improvement
$381,408
Land market value
$725,272
Improvement market value
$1,089,737
Total market value
$1,815,009
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Units
3
Total area
20,100 SF
Lot
2.22 ac (96,703 SF)
Zoning code
TA_PR
APN
130-152-12
UPID
US62-0385910
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
$2.1M
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
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
2.22 ac
Current owner
From public records · entity-resolved
Circle I LLC
Entity
Free & Clear · 24 yrs held
Mailing address
PO BOX 255588, SACRAMENTO, CA 95865-5588
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2020
—
Circle I LLC
—
Deed
related
$1,265,000 · Wells Fargo Bk
Jul 30, 2002
$2,500,000
Circle I LLC
Circle I LLC
Grant Deed
related
—
Nov 15, 1994
$1,576,500
I Circle
Rundel Trust
Grant Deed
$76,250 · Seller
May 30, 1989
$900,000
M Stanley Rundel
Unknown
Grant Deed
—
—
—
Circle I LLC
—
Deed Of Trust
related
$1,465,000 · Wells Fargo Bk
—
—
Circle I LLC
—
Loan Modification
related
$1,265,000 · Wells Fargo Bk
—
—
Circle I LLC
—
Deed Of Trust
related
$3,700,000 · First Independent Bank Nevada
—
—
Circle I LLC
—
Deed Of Trust
related
$2,500,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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