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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Industrial properties
2178 Eloise Ave South Lake Tahoe, CA 96150-4370
Trust Owned
Free & Clear
Property ID
US09-3217259
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1966
Construction
TILT-UP CONCRETE
Total area
2,296 SF
Lot
0.13 ac (5,662 SF)
Zoning code
GC1
APN
023-211-032-000
UPID
US09-3217259
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
-
Clark Plumbing, Heating & Air Conditioning HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$426k
Blend (final)
Blend
$550k
Owner & transaction history
Mapes Land Family Trust
Mapes Land Family Trust
since 2026
Last sale
$682,500
7 recorded transactions
Zoning & alternative use
GC1 · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$575,000
+154.8%
Medical building
$440,000
+95.8%
Office building
$415,000
+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
$580,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$575,000
Change: +155% · Conversion: Moderate
MEDICAL BUILDING
$440,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$415,000
Change: +83% · Conversion: Difficult
WAREHOUSE, STORAGE
$395,000
Change: +76% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $683k (Dec 5 2022)
Last sale anchor
$683k
Dec 5 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
$240 / 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
$5,935
Tax year 2023
Assessed value
$530,000
Assessed 2023
Previous assessed
$530,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$132,500
Assessed improvement
$397,500
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
1
Bathrooms
3
Total area
2,296 SF
Lot
0.13 ac (5,662 SF)
Zoning code
GC1
APN
023-211-032-000
UPID
US09-3217259
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
$575,000
MEDICAL BUILDING
Est. value
$440,000
OFFICE BUILDING
Est. value
$415,000
WAREHOUSE, STORAGE
Est. value
$395,000
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
1
Bathrooms
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mapes Land Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
PO BOX 13291, SOUTH LAKE TAHOE, CA 96151-3291
Ownership since
2026
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
Mar 26, 2026
—
Mapes Land Family Trust
Lucas A Mapes
Deed
related
—
Dec 5, 2022
$682,500
Lucas A Mapes
Robert J Brunald
Grant Deed
$510,000 · Plumas Bank
Aug 29, 2019
—
Brunald Family Trust
Carol L Brunald
Affidavit Of Death
related
—
Apr 11, 2007
—
Brunald,robert J & Carol L Tr
Owner Name Unavailable
Grant Deed
related
—
Mar 19, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Jan 10, 2001
—
Brunald Trust
Brunald,robert J & Carol L
Quit Claim Deed
related
—
Dec 3, 1990
$226,500
Rpm Inv INC
Thomas,joseph M
Grant Deed
—
—
—
Robert J Brunald
—
Deed Of Trust
related
$205,000 · Us Bank
—
—
Brunald,tr
—
Deed Of Trust
related
$270,000 · Wells Fargo 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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