1072 Ski Run Blvd South Lake Tahoe, CA 96150-8508
- Hotels
- 9,600 SF
- 0.57 lot acres
Current Use by Public Records
- Alder Inn / Boutique / Hotel
Property Details for 1072 Ski Run Blvd
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.57 lot acres
- Property size
- 9,600 SF
- Zone code
- TC
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 027-123-023-000
- APU
- 27123023000
Description
This exceptional 26-key boutique hotel in South Lake Tahoe, California, presents a compelling investment opportunity. Situated on a 24,829 sq ft lot, the 9,600 sq ft property boasts 12 Single King, 5 Single Queen, 6 Double Queen, and 1 ADA-accessible Single Queen rooms. Recently renovated in 2023, the hotel features 15 rooms with new TVs and flooring, and all upstairs units now have air conditioning. A newly constructed deck complements the upgraded manager's unit, a versatile space potentially rentable as a 3-bedroom, 2.5-bathroom unit or two separate units. The property includes 28 parking spaces and three buildings across two stories, built in 1969. Currently operating with high occupancy rates, especially during peak seasons, the hotel offers a 9% cap rate and a pro-forma cap rate of 11%, with a current NOI of $529,000 and a pro-forma NOI of $652,000. The asking price is $5,790,000. This turnkey operation is listed on major booking platforms and benefits from an experienced staff, ensuring a smooth transition for new ownership. Its prime location, just 0.3 miles from Ski Run Beach & Marina and 1.3 miles from Heavenly Ski Resort, guarantees strong seasonal demand and high occupancy rates. The property's strong financial performance, coupled with its recent upgrades and versatile layout, makes it an attractive investment with significant growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,755,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,295,000
- 6.5%
- $3,830,000
- 7%
- $3,760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,155,000
- Geo Method
- $4,610,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,655,000
- Retail
- $3,630,000
- Mixed-Use
- $3,985,000
- Hospitality
- $3,945,000
- Educational
- $3,935,000
- Residential Income
- $4,305,000
- Energy
- $4,310,000
- Income-Based Land
- $4,530,000
- Food Service
- $3,950,000
Location Insight
- Map
- Local Demand
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Longitude
- -119.956
- Latitude
- 38.9461
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
