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Property profile & analytics
OFF-MARKET
Commercial land
2435 Venice E Dr South Lake Tahoe, CA 96150-3354
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-4734889
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
11,179 SF
Lot
0.26 ac (11,325 SF)
Zoning code
HDR
APN
022-210-021-000
UPID
US09-4734889
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
-
Alpenglow Boat Co. Tour Operator (Bike/Boat/Book/etc) Store
-
Lake Tahoe Boat Rides Tourist Attraction Water Skiing Service
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Tahoe Sports Tahoe Keys Boat Rental Boat Rental Service Boat Tour Agency
-
Tahoe Lake Tours (Bike/Boat/Book/etc) Store
-
Gondola Lake Tahoe (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tahoe Keys Smi · 4 yrs held
Tahoe Keys Smi
since 2021
Last sale
$18.5M
3 recorded transactions
Zoning & alternative use
HDR · South Lake Tahoe, CA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,681
Tax year 2023
Assessed value
$154,530
Assessed 2023
Previous assessed
$154,530
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$154,530
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Total area
11,179 SF
Lot
0.26 ac (11,325 SF)
Zoning code
HDR
APN
022-210-021-000
UPID
US09-4734889
Jurisdiction
EL DORADO
Zoning & alternative use
HDR · South Lake Tahoe, CAZoning HDR · permitted uses
HDR · 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
Building & site characteristics
From public records
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Tahoe Keys Smi
Individual
Free & Clear · 4 yrs held
Mailing address
2435 VENICE DR E, SOUTH LAKE TAHOE, CA 96150-3354
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$18,500,000
Tahoe Keys Smi
Tahoe Keys Marina And Yacht Club Ll
Grant Deed
—
Dec 11, 2008
—
Tahoe Keys Marina & Yacht Club
Oakbrook Realty & Invs II LLC
Grant Deed
$2,000,000 · Paul Flynn
Mar 31, 1969
—
—
—
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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