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1079 Emerald Bay Rd South Lake Tahoe, CA 96150-6363

OFF-MARKET Retail space Google Maps
2,050 SF 0.56 ac lot Built 1930
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$370k
Range $333k – $407k (±10%)
Property ID US09-0667508

Property summary

AI-generated overview

This exceptional commercial property, located at 1079 Emerald Bay Road in South Lake Tahoe, California (zip code 96150), presents a unique investment opportunity. The property boasts a prime location with high visibility, situated at the entrance to South Lake Tahoe. The main building, a well-maintained two-story chalet-style structure, offers 2,050 square feet of space. The property sits on a substantial 24,394 square foot lot, providing ample room for expansion of the existing building. Currently, the main building has been utilized as a flower shop since 2001, with a smaller rear building leased to a massage therapist. The property is zoned for retail use and enjoys an enviable location adjacent to Goodwill, CVS, McDonald's, and across from Starbucks and Raley's Grocery Store. This high-traffic area, combined with excellent street frontage, makes this property ideally suited for a variety of commercial ventures. The asking price is $850,000. This is a rare opportunity to acquire a well-established commercial property in a thriving location with significant growth potential. The property is classified as Special Purpose, Industrial, and Land, with subtypes including Manufacturing, Commercial, and Other.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Total area 2,050 SF
Lot 0.56 ac (24,393 SF)
Zoning code TC
APN 023-430-041-000
UPID US09-0667508

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator
  • Law Firm
  • Alternative Medicine Practice Spa & Massage Center
  • (Bike/Boat/Book/etc) Store Florist

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2025
7 recorded transactions
2025
$700,000
2019
Price N/A
2009
Price N/A
2001
$400,000
1998
$190,500
1969
Price N/A
1969
Price N/A

Zoning & alternative use

TC · South Lake Tahoe, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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