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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Industrial properties
2089 James Ave South Lake Tahoe, CA 96150-4341
Entity Owned
Free & Clear
Property ID
US09-3048309
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1962
Construction
TILT-UP CONCRETE
Total area
2,950 SF
Lot
0.12 ac (5,227 SF)
Zoning code
GC1
APN
023-201-036-000
UPID
US09-3048309
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
-
Sean Gannon Tree Service Landscaping General Contractor
-
AmeriGas Propane Propane Supplier Energy Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$400k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Harvest Small Business Finance LLC
Harvest Small Business Finance LLC
since 2025
Last sale
$665,000
6 recorded transactions
Zoning & alternative use
GC1 · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$735,000
+154.8%
Medical building
$565,000
+95.8%
Office building
$530,000
+83.5%
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
$625,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$435,000
6.5%
$400,000
7%
$375,000
Alternative Use
Use
Estimation
RETAIL STORES
$735,000
Change: +155% · Conversion: Moderate
MEDICAL BUILDING
$565,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: +83% · Conversion: Difficult
WAREHOUSE, STORAGE
$510,000
Change: +76% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $665k (Apr 28 2023)
Last sale anchor
$665k
Apr 28 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
$217 / 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
$3,229
Tax year 2023
Assessed value
$274,692
Assessed 2023
Previous assessed
$274,692
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$38,354
Assessed improvement
$236,338
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,950 SF
Lot
0.12 ac (5,227 SF)
Zoning code
GC1
APN
023-201-036-000
UPID
US09-3048309
Jurisdiction
EL DORADO
Zoning & alternative use
GC1 · South Lake Tahoe, CA
Zoning GC1 · permitted uses
GC1 · 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
RETAIL STORES
Est. value
$735,000
MEDICAL BUILDING
Est. value
$565,000
OFFICE BUILDING
Est. value
$530,000
WAREHOUSE, STORAGE
Est. value
$510,000
RETAIL STORES
MEDICAL BUILDING
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Harvest Small Business Finance LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 16980, SOUTH LAKE TAHOE, CA 96151-6980
Ownership since
2025
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 17, 2025
$557,000
Harvest Small Business Finance LLC
Sean M Gannon
Trust Deed
related
—
Apr 28, 2023
$665,000
Sean M Gannon
Robert Lee King
Grant Deed
$604,500 · Harvest Small Business Finance LLC
Dec 3, 2019
—
L,robert King JR Living Trust
King Family Living Trust
Quit Claim Deed
related
—
Apr 15, 1998
$190,000
Carstens,sandra I
Baumann,willy & Inge
Trustees Deed
—
Mar 30, 1979
$45,500
—
—
Grant Deed
related
—
—
—
Robert L Kings
—
Deed Of Trust
related
$133,000 · Sierrawest 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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