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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Hotels
2215 Lk Tahoe Blvd 2 South Lake Tahoe, CA 96150-6431
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-0064476
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1960
Construction
WOOD
Total area
6,978 SF
Lot
0.5 ac (21,780 SF)
Zoning code
GC1
APN
023-211-022-000
UPID
US09-0064476
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
-
El Nido Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.85M
Owner & transaction history
Tahoe Coalition For The Homele · 5 yrs held
Tahoe Coalition For The Homele
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
GC1 · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,765,000
ML approach
$1,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,225,000
Current use
RESTAURANT
$1,905,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.95M (Dec 1 2020)
Last sale anchor
$1.95M
Dec 1 2020
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
$265 / 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
$28,634
Tax year 2023
Assessed value
$2,659,970
Assessed 2023
Previous assessed
$2,659,970
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$604,472
Assessed improvement
$2,055,498
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
2
Units
22
Rooms
28
Bathrooms
23
Total area
6,978 SF
Lot
0.5 ac (21,780 SF)
Zoning code
GC1
APN
023-211-022-000
UPID
US09-0064476
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
HOTEL/MOTEL Current
Est. value
$2.2M
RESTAURANT
Est. value
$1.9M
HOTEL/MOTEL Current
RESTAURANT
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
1960
Construction
WOOD
Heating
NONE
Stories
2
Units
22
Rooms
28
Bathrooms
23
Lot
0.5 ac
Current owner
From public records · entity-resolved
Tahoe Coalition For The Homele
Individual
Mailing address
PO BOX 13514, SOUTH LAKE TAHOE, CA 96151-3514
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
—
Tahoe Coalition For The Homeless
—
Deed
related
—
Dec 1, 2020
$2,350,000
Tahoe Coalition For The Homele
Tahoe Nest LLC
Grant Deed
—
Mar 2, 2020
$1,950,000
Tahoe Nest LLC
Hines Sep Trust
Grant Deed
$1,250,000 · Paw's Estate LLC
Nov 22, 2019
—
2215 Lake Tahoe Blvd LLC
—
Deed
related
$300,000 · Jeong S Yang
Feb 28, 2019
$650,000
Hines Sep Living Trust
Avid Holdings LLC
Grant Deed
$500,000 · Avid Holdings LLC
Jun 20, 2018
$1,200,000
Hines Sep Trust
Durward,julia C
Grant Deed
$236,000 · Julia C Durward
Aug 24, 2015
—
Julia C Durward
Durward,robert V
Quit Claim Deed
related
—
Aug 24, 2015
$622,282
Julia C Durward
Dvr Lodging INC
Grant Deed
—
Sep 25, 2006
$720,000
Dvr Lodging INC
Torio,victoriano & Helen
Grant Deed
—
May 31, 2005
$720,000
Torio,victoriano & Helen
Shores Dev
Grant Deed
$175,000 · Shores Dev Co
Feb 8, 2005
—
Shores Dev Co
Bartell,james & Joan
Grant Deed
—
Apr 14, 2004
—
Hal R Shores
Shores Development INC
Quit Claim Deed
related
—
Jan 8, 2003
—
Floyd Pakes
Pakes,bonnie
Quit Claim Deed
related
—
Jan 8, 2003
$675,000
Shores Development Co
Pakes,rudolph M
Grant Deed
$375,000 · Rudolph M Pakes
Jun 4, 1998
—
Rudolph M Pakes
Pakes,rudolph M
Quit Claim Deed
related
—
Sep 30, 1991
$321,517
Rudolph M Pakes
Kimmel,david
Trustees Deed
related
—
—
—
Dvr Lodging INC
—
Deed Of Trust
related
$369,000 · Lan Tran
—
—
Dvr Lodging INC
—
Deed Of Trust
related
$295,000 · Robin M & Macaria T Sevilla
—
—
2215 Lake Tahoe Blvd LLC
—
Deed Of Trust
related
$300,000 · Jeong S Yang
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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