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    Property profile & analytics

    1108 Lakeshore Blvd Incline Village, NV 89451

    • Commercial real estate
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0099028
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1108 Lakeshore Blvd

    Lot size
    0.30 lot acres
    Property type
    Commercial real estate
    APN
    13021107

    Description

    This exceptional 0.3-acre commercial land parcel is situated on Incline Village's prestigious "Billionaire's Row" at 1108 Lakeshore Blvd, Washoe County, Nevada (zip code 89451). Zoned for residential development, this property presents a rare opportunity for a custom build. The site has undergone value engineering by Mark Tanner Construction, resulting in multiple refined floor plan options. Renowned architectural firms, Studio Works Architect and Walton Design and Engineering, have each developed distinct yet compelling designs. Studio Works' plan emphasizes a simple, flexible layout maximizing natural light and stunning views of the surrounding forest and peaks, reflecting a timeless mid-century aesthetic. Walton Design and Engineering's design prioritizes warmth and charm, creating a grand yet inviting home suitable for various lifestyles. Both designs offer a unique vision, allowing the buyer to select the plan that best suits their needs. The property's location offers unparalleled access to Incline Village's amenities, including private beaches, golf courses, and nearby ski resorts. The convenience of Reno and Carson City, combined with Nevada's favorable tax climate, further enhances the appeal of this exclusive development opportunity. This is a chance to create a truly bespoke residence in a coveted location. The APN is 13021107. The asking price is $3,995,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Incline Village
    County
    Washoe
    State
    Nevada
    Longitude
    -119.9338941
    Latitude
    39.2356998

    Comparable in this City

    • $5,000,000
      1.19 Acres

      Incline Village Residential Lot Opportunity

      Rare opportunity to build a luxury lakefront retreat.
      447 Lakeshore Blvd, Incline Village, NV 89451
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      Incline Village Live-Work Development Opportunity

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    • $2,500,000
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      Incline Village Land Opportunity

      Vacant lot in prime Incline Village location.
      720 Mays Blvd, Incline Village, NV 89451
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      6,074 SF

      Incline Village Multifamily Investment Opportunity

      Renovated 6-unit apartment building near Lake Tahoe beaches.
      866 Southwood Blvd, Incline Village, NV 89451
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      1,363 SF

      Lake Haven II Complex Residence

      Residence in peaceful complex, near beach and Diamond Peak Resort.
      827 Robin Dr, Incline Village, NV 89451
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      42,048 SF

      Incline Village Commercial Space Available

      Versatile spaces for office, retail, medical, and storage uses.
      865 Tahoe Blvd, Incline Village, NV 89451
      View Details

    Similar Nearby for Sale

    • $2,799,000
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      Incline Village Live-Work Development Opportunity

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      View Details
    • $2,500,000
      0.43 Acres

      Incline Village Land Opportunity

      Vacant lot in prime Incline Village location.
      720 Mays Blvd, Incline Village, NV 89451
      View Details
    • $5,000,000
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      Incline Village Residential Lot Opportunity

      Rare opportunity to build a luxury lakefront retreat.
      447 Lakeshore Blvd, Incline Village, NV 89451
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    • $675,000

      Furnished Condo Near Tahoe Beaches

      3-bedroom condo with Incline Village privileges, close to amenities.
      807 Alder Ave, Incline Village, NV 89451
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    • $2,150,000
      1,944 SF

      Golf Course View Home

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      948 Northwood Blvd, Incline Village, NV 89451
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    • New
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      2,980 SF

      Mountain Home with Elevator Access

      Elegant mountain modern home with creek views and high-end finishes.
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    Similar Nearby for Lease

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      Remodeled Office Space in Incline

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      21,789 SF

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    Incline Village, NV 89451
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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