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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Office buildings
2095 James Ave South Lake Tahoe, CA 96150-4341
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0796738
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
WOOD
Total area
4,260 SF
Lot
0.25 ac (10,890 SF)
Zoning code
GC1
APN
023-201-045-000
UPID
US09-0796738
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
-
Vacation Rental Assistance Property Management Company Vacation Home Rental Agency
-
InvitedHome Lake Tahoe Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Cfry Enterprises LLC · 3 yrs held
Cfry Enterprises LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
GC1 · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
sltah36.fm
Top alternative use upside
Retail stores
$1.1M
+38.9%
Medical building
$815,000
+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
$1,105,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$765,000
Current use
RETAIL STORES
$1,065,000
Change: +39% · Conversion: Moderate
MEDICAL BUILDING
$815,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$735,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.30M (Jul 13 2022)
Last sale anchor
$1.30M
Jul 13 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
$282 / 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
$6,632
Tax year 2023
Assessed value
$598,000
Assessed 2023
Previous assessed
$598,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$152,100
Assessed improvement
$445,900
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
1961
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Bathrooms
2
Total area
4,260 SF
Lot
0.25 ac (10,890 SF)
Zoning code
GC1
APN
023-201-045-000
UPID
US09-0796738
Jurisdiction
EL DORADO
Zoning & alternative use
GC1 · South Lake Tahoe, CAZoning 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
Source
sltah36.fm
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$765,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$735,000
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
1961
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Cfry Enterprises LLC
Entity
Mailing address
3529 BOBBY GREY CIR, SOUTH LAKE TAHOE, CA 96150-8462
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Cfry Enterprises LLC
Brokedown Palace LLC
Lease
$544,000 · The Mortgage Capital Development Corp
Jul 13, 2022
$1,300,000
Brokedown Palace LLC
Figueroa Werbo LLC
Grant Deed
$659,250 · Zb NA
Jan 26, 2016
$1,040,000
Figueroa Werbo LLC
Svb Resolution Holdings LLC
Grant Deed
related
—
Nov 5, 2015
$1,040,000
Figueroa Werbo LLC
Svb Holdings Resolutions LLC
Grant Deed
$728,000 · Us Bank NA
May 9, 2011
—
Svb Resolution Holdings LLC
Milsner,richard L
Grant Deed
—
Dec 9, 2005
$1,825,000
Richard L Milsner
Alexander N Graf
Grant Deed
$1,250,000 · Scott Valley Bank
Dec 9, 2005
—
Milsner,richard L
Milsner,donna
Quit Claim Deed
related
—
Jun 13, 2002
$650,000
Alexander N
Abc & J Investment Co
Grant Deed
$487,500 · Us Bank NA
Jul 10, 1978
$278,500
A B C & J Investment Co
—
Grant Deed
related
—
Sep 18, 1958
—
—
—
Grant Deed
related
—
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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