Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1115 Tunl Crk Rd Incline Village, NV 89451-9818

    • Turn key restaurants
    • 2,176 SF
    • 1.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0831275
    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

    • Tunnel Creek Café / Cafe & Coffee Shop
    • Flume Trail Bikes / Cycling Facility / (Bike/Boat/Book/etc) Store
    • Beer on Top / Restaurant

    Property Details for 1115 Tunl Crk Rd

    Year built
    1976
    Construction
    WOOD
    Lot size
    1.94 lot acres
    Property size
    2,176 SF
    Zone code
    TA_PR
    Property type
    Turn key restaurants
    APN
    130-311-19
    APU
    13031119

    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
    -119.93
    Latitude
    39.2341
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,828
    $165,457
    $139,579
    $305,036
    -
    $472,735
    $398,797
    $871,532

    Comparable in this City

    • Value Estimation
      $1,295,000
      3,780 SF

      931 Tahoe Blvd

      RESTAURANT • 3,780 SF
      931 Tahoe Blvd, Incline Village, NV 89451-9470
      View Details
    • Value Estimation
      $2,045,000
      6,553 SF

      893 Tahoe Blvd

      RESTAURANT • 6,553 SF
      893 Tahoe Blvd, Incline Village, NV 89451-9474
      View Details
    • Value Estimation by Request
      20,564 SF

      995 Lakeshore Blvd

      RESTAURANT • 20,564 SF
      995 Lakeshore Blvd, Incline Village, NV 89451
      View Details
    • Value Estimation
      $610,000
      7,968 SF

      848 Tanager St

      BAR, TAVERN • 7,968 SF
      848 Tanager St, Incline Village, NV 89451-9562
      View Details
    • Value Estimation
      $925,000
      5,000 SF

      840 Oriole Way

      AUTO REPAIR, GARAGE • 5,000 SF
      840 Oriole Way, Incline Village, NV 89451-9439
      View Details
    • Value Estimation
      $2,505,000
      11,868 SF

      901 Tahoe Blvd

      SHOPPING CENTER, STRIP CENTER • 11,868 SF
      901 Tahoe Blvd, Incline Village, NV 89451-9409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • $675,000

      Furnished Condo Near Tahoe Beaches

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

      Golf Course View Home

      Freestanding home with golf course views and IVGID passes.
      948 Northwood Blvd, Incline Village, NV 89451
      View Details
    • New
      $3,300,000
      2,980 SF

      Mountain Home with Elevator Access

      Elegant mountain modern home with creek views and high-end finishes.
      661 Rosewood Cir, Incline Village, NV 89451
      View Details
    • New
      $2,495,000
      4,944 SF

      Incline Village Four-Unit Complex

      Well-maintained four-unit complex in Incline Village with rental income.
      822 Northwood Blvd, Incline Village, NV 89451
      View Details
    • Contact for pricing
      1,343 SF

      Updated Home Near Lake Tahoe

      Updated 3-bedroom home with short-term rental potential near Lake Tahoe.
      989 Tahoe Blvd, Incline Village, NV 89451
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      1,593 SF

      Remodeled Office Space in Incline

      Versatile remodeled two-story office space with abundant natural light.
      924 Incline Way, Incline Village, NV 89451
      View Details
    • $24 SF/Yr
      21,789 SF

      Alpine Business Center: Incline Village Office Space

      Prime Incline Village office suites available.
      889 Alder Ave, Incline Village, NV 89451
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1115 Tunl Crk Rd
    Incline Village, NV 89451-9818
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!