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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
1959 Lk Tahoe Blvd South Lake Tahoe, CA 96150-6301
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-2075563
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
WOOD
Total area
3,432 SF
Lot
0.61 ac (26,571 SF)
Zoning code
GC
APN
023-523-011-000
UPID
US09-2075563
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
-
Placer Title Company Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$793k
Blend (final)
Blend
$875k
Owner & transaction history
Lowell H Sucherman · 4 yrs held
Lowell H Sucherman
since 2022
Last sale
$949,000
4 recorded transactions
Zoning & alternative use
GC · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$855,000
+38.9%
Medical building
$660,000
+6.7%
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
$810,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
RETAIL STORES
$855,000
Change: +39% · Conversion: Moderate
MEDICAL BUILDING
$660,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$595,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $949k (Jun 14 2022)
Last sale anchor
$949k
Jun 14 2022
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
$255 / 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
$10,637
Tax year 2023
Assessed value
$967,980
Assessed 2023
Previous assessed
$967,980
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$253,980
Assessed improvement
$714,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
2
Total area
3,432 SF
Lot
0.61 ac (26,571 SF)
Zoning code
GC
APN
023-523-011-000
UPID
US09-2075563
Jurisdiction
EL DORADO
Zoning & alternative use
GC · South Lake Tahoe, CA
Zoning GC · permitted uses
GC · 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
OFFICE BUILDING Current
Est. value
$615,000
RETAIL STORES
Est. value
$855,000
MEDICAL BUILDING
Est. value
$660,000
WAREHOUSE, STORAGE
Est. value
$595,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL 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
1997
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Lowell H Sucherman
Individual
Free & Clear · 4 yrs held
Mailing address
155 JEFFERSON ST STE #4, SAN FRANCISCO, CA 94133-1232
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
Shidzad Motamenzadeh
—
Deed
related
$499,763 · The Gail Woodward Lopez Revocable Trust
Jun 14, 2022
—
Lowell H Sucherman
Lowell H Sucherman
Intrafamily Transfer
related
—
Apr 4, 2022
$949,000
Donald Sweet
1959 Lake Tahoe Boulevard LLC
Grant Deed
—
Sep 29, 1997
—
1959 Lake Tahoe Boulevard
Mother Lode Holding Co
Grant Deed
$375,000 · Imperial Bank
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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