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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Industrial properties
1090 Industrial Ave South Lake Tahoe, CA 96150-3600
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1124930
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
TILT-UP CONCRETE
Total area
12,625 SF
Lot
0.95 ac (41,382 SF)
Zoning code
GCI
APN
032-314-032-000
UPID
US09-1124930
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
-
Ferguson Excavating Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.40M
Owner & transaction history
Southwest Gas Corporation · 2 yrs held
Southwest Gas Corporation
since 2024
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
GCI · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+178.9%
Retail stores
$3.2M
+154.8%
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 South Lake Tahoe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Lake Tahoe 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
$4,400,000
ML approach
$4,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,450,000
Change: +179% · Conversion: Difficult
RETAIL STORES
$3,155,000
Change: +155% · Conversion: Moderate
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.40M (Jan 24 2024)
Last sale anchor
$4.40M
Jan 24 2024
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
$349 / 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
$23,998
Tax year 2023
Assessed value
$2,207,473
Assessed 2023
Previous assessed
$2,207,473
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$210,235
Assessed improvement
$1,997,238
Applied tax rate
2.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
5
Bathrooms
5
Total area
12,625 SF
Lot
0.95 ac (41,382 SF)
Zoning code
GCI
APN
032-314-032-000
UPID
US09-1124930
Jurisdiction
EL DORADO
Zoning & alternative use
GCI · South Lake Tahoe, CA
Zoning GCI · permitted uses
GCI · South Lake Tahoe, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Lake Tahoe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$3.2M
RESTAURANT
RETAIL STORES
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
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
5
Bathrooms
5
Lot
0.95 ac
Current owner
From public records · entity-resolved
Southwest Gas Corporation
Entity
Mailing address
8360 S DURANGO DR, LAS VEGAS, NV 89113-4444
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2024
$4,400,000
Southwest Gas Corporation
Slt Real Estate Holdings LLC
Grant Deed
—
Oct 26, 2022
—
Slt Real Estate Holdings LLC
—
Deed
related
$2,450,000 · Nlcg Private Lending Fund LLC
Jan 3, 2022
—
Slt Real Estate Holdings LLC
—
Deed
related
$400,000 · Nlcg Private Lending Fund LLC
Nov 22, 2019
$2,500,000
Slt Real Estate Holdings LLC
Figueroa Werbo LLC
Trustees Deed
$2,500,000 · Next Level Capital Group LLC
Oct 30, 2015
$1,730,000
Figueroa Werbo LLC
Geoffrey Bott
Grant Deed
$1,290,500 · Us Bank NA
Oct 30, 2015
$70,000
Figueroa Werbo LLC
Bott,geoffrey
Grant Deed
—
Aug 11, 2011
—
Bott,geoffrey & Maya
Bott Geoffrey & Maya Trust
Quit Claim Deed
related
—
Nov 15, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
May 2, 2001
—
Bott Trust
Bott,geoffrey & Maya
Quit Claim Deed
related
—
Sep 2, 1999
$1,400,000
Geoffrey Bott
Mussetter,richard E & Kimberly O
Grant Deed
$625,000 · Wells Fargo Bank
May 7, 1993
$465,000
Tahoe Equipment Co
Belfast Bottling
Grant Deed
—
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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