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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Medical Office Space
1154 Emerald Bay Rd South Lake Tahoe, CA 96150-6288
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-1769368
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
3,127 SF
Lot
0.07 ac (3,049 SF)
APN
032-470-001-000
UPID
US09-1769368
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
-
Blue Lake Animal Care Center Veterinary Clinic
-
Shanahan M Kelly MD Physician
-
Dr. Michael R. Enrico, MD Physician
-
Kolb Cynthia E MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$585k
Owner & transaction history
Powell Veterinary Offices LLC · 10 yrs held
Powell Veterinary Offices LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$780,000
+30.2%
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
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$600,000
Current use
RETAIL STORES
$780,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$540,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
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
$187 / 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
$10,243
Tax year 2023
Assessed value
$938,705
Assessed 2023
Previous assessed
$938,705
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$187,740
Assessed improvement
$750,965
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Heating
NONE
Stories
2
Units
1
Bathrooms
3
Total area
3,127 SF
Lot
0.07 ac (3,049 SF)
APN
032-470-001-000
UPID
US09-1769368
Jurisdiction
EL DORADO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$600,000
RETAIL STORES
Est. value
$780,000
OFFICE BUILDING
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$540,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2000
Heating
NONE
Stories
2
Units
1
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Powell Veterinary Offices LLC
Entity
Mailing address
1154 EMERALD BAY RD, SOUTH LAKE TAHOE, CA 96150-6288
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
—
Powell Veterinary Offices LLC
—
Deed
related
$719,940 · Bank Of America NA
May 4, 2016
$825,000
Powell Veterinary Offices LLC
Jeffrey M Turney
Grant Deed
$835,700 · Compass Bank
Dec 19, 2005
—
Turney,jeffrey M
Owner Name Unavailable
Grant Deed
related
$425,000 · Bank Of America
Aug 27, 2004
—
Turney,jeffrey
Shanahan,mary K
Quit Claim Deed
related
—
Dec 15, 1978
$68,000
Jeffrey Turney
—
Grant Deed
related
—
—
—
Jeffrey M Turney
—
Deed Of Trust
related
$577,500 · Bank Of The West
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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