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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Medical Office Space
215 Carnelian Bay Rd, Carnelian Bay, CA 96140-1834
Individually Owned
~
Est. High Equity
Property ID
US09-8920022
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
WOOD
Total area
3,780 SF
Lot
0.52 ac (22,501 SF)
APN
115-040-049-000
UPID
US09-8920022
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
$750k
Blend (final)
Blend
$630k
Owner & transaction history
Steven Prescott
Steven Prescott
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+16.8%
Commercial (general)
$915,000
+5.0%
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 Carnelian Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carnelian 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$870,000
Current use
AUTO REPAIR, GARAGE
$1,015,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$915,000
Change: +5% · Conversion: Easy
RETAIL STORES
$845,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$167 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,478
Tax year 2024
Assessed value
$881,257
Assessed 2024
Previous assessed
$881,257
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$524,292
Assessed improvement
$356,965
Applied tax rate
91.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Units
1
Total area
3,780 SF
Lot
0.52 ac (22,501 SF)
APN
115-040-049-000
UPID
US09-8920022
Jurisdiction
PLACER
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
$870,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$915,000
RETAIL STORES
Est. value
$845,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1977
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Steven Prescott
Individual
Mailing address
9565 WAPLES ST STE #200, SAN DIEGO, CA 92121-2973
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
—
Steven Prescott
—
Deed
related
$1,556,000 · Change Lending LLC
Feb 5, 2026
—
Steven Prescott
—
Deed
related
$1,556,000 · Change Lending LLC
Dec 29, 2025
—
Steven Prescott
Vincent Renda
Grant Deed
—
Dec 11, 2025
—
Vincent Renda
Rising Tide Ventures LLC
Grant Deed
—
Apr 29, 2025
—
Vincent Renda
Lori Renda
Deed
$1,535,000 · First Colony Mortgage Corp
Feb 15, 2024
$1,150,000
Rising Tide Ventures LLC
Center For Spiritual Living Truckee
Grant Deed
$1,487,500 · Construction Loan Services II LLC
Jun 22, 2022
—
Center For Spiritual Living Tahoe T
—
Deed
related
$325,000 · Plumas Bank
Mar 1, 2018
$790,000
Center For Spiritual Living Tahoe-truckee
Wynman Living Trust
Grant Deed
$250,000 · Tri Counties Bank
Mar 20, 2007
—
Wynman Living Trust
Wynman,robert E & Mary L
Quit Claim 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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