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Property profile & analytics
OFF-MARKET
Estimated value
$49,880,000
Sports & entertainment properties
18 Stateline Rd, Crystal Bay, NV 89402
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0325663
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1980
Lot
0.54 ac (23,573 SF)
Zoning code
TA_CBT
APN
123-044-06
UPID
US62-0325663
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$49.88M
Owner & transaction history
Mh Tahoe Propco LLC · 3 yrs held
Mh Tahoe Propco LLC
since 2023
Last sale
$51.8M
7 recorded transactions
Zoning & alternative use
TA_CBT · Crystal Bay, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Crystal Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crystal Bay 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
$45,965,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$49.88M
Range $44.89M – $54.87M · ±10% · vs last sale $51.84M (Apr 5 2023)
Last sale anchor
$51.84M
Apr 5 2023
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
—
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
$2,231
Tax year 2023
Assessed value
$66,254
Assessed 2023
Previous assessed
$63,610
+4.2% YoY
Effective rate
3.37%
On assessed value
Assessed land
$66,004
Assessed improvement
$250
Land market value
$188,584
Improvement market value
$715
Total market value
$189,299
Applied tax rate
5,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1980
Heating
NONE
Lot
0.54 ac (23,573 SF)
Zoning code
TA_CBT
APN
123-044-06
UPID
US62-0325663
Jurisdiction
WASHOE
Zoning & alternative use
TA_CBT · Crystal Bay, NV
Zoning TA_CBT · permitted uses
TA_CBT · Crystal Bay, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crystal Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Lot
0.54 ac
Current owner
From public records · entity-resolved
Mh Tahoe Propco LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1800 WAZEE ST STE #200, DENVER, CO 80202-2526
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
—
Mh Tahoe Propco LLC
—
Deed
related
$75,000,000 · Banc Of California NA
Aug 23, 2023
—
Mh Tahoe Propco LLC
—
Deed
related
$15,000,000 · First Western Trust Bank
Apr 5, 2023
$51,840,000
Mh Tahoe Propco LLC
Cn Hotel Holdings LLC
Bargain And Sale Deed
—
Jan 10, 2018
—
Cn Hotel Holdings LLC
New Cal-neva Lodge LLC
Grant Deed
—
Oct 2, 2014
—
New Cal-neva Lodge LLC
—
Grant Deed
related
$29,000,000 · Hall Ca-nv LLC
Jun 16, 2014
—
New Cal-neva Lodge LLC
—
Deed Of Trust
related
$11,000,000 · Truss Capital Partners LLC
Jun 13, 2014
—
New Cal-neva Lodge LLC
New Cal-neva Lodge LLC
Quit Claim Deed
related
—
Apr 24, 2009
$15,000,000
Canpartners Rlty Hldgs Co IV
Fidelity National Title Co
Trustees Deed
related
—
Jun 23, 2005
—
Namcal LLC
Cal Neva Lodge INC
Quit Claim Deed
related
—
Feb 17, 2005
$44,280,000
Namcal LLC
Cal-neva Lodge INC
Grant Deed
$22,000,000 · Namco Capital Group INC
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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