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Property profile & analytics
FOR SALE
Hotels
2440 Lake Tahoe Blvd South Lake Tahoe, CA 96150
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0678802
For Sale
1 / 2
$2,400,000
2440 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1951
Construction
WOOD
Total area
5,284 SF
Lot
0.36 ac (15,681 SF)
Zoning code
GC
APN
031-062-001-000
UPID
US09-0678802
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
-
Nickelodeon Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.56M
Owner & transaction history
2440 Laketahoe INC · 4 yrs held
2440 Laketahoe INC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
GC · 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
$1,535,000
ML approach
$1,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,685,000
Current use
RESTAURANT
$1,445,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.80M (Jun 24 2022)
Last sale anchor
$1.80M
Jun 24 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
$294 / 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
$19,902
Tax year 2023
Assessed value
$663,482
Assessed 2023
Previous assessed
$663,482
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$220,914
Assessed improvement
$442,568
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
For Sale
Year built
1951
Construction
WOOD
Heating
NONE
Stories
2
Units
17
Bathrooms
16
Total area
5,284 SF
Lot
0.36 ac (15,681 SF)
Zoning code
GC
APN
031-062-001-000
UPID
US09-0678802
Jurisdiction
EL DORADO
Zoning & alternative use
GC · South Lake Tahoe, CA
Zoning GC · permitted uses
GC · 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
$1.7M
RESTAURANT
Est. value
$1.4M
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
1951
Construction
WOOD
Heating
NONE
Stories
2
Units
17
Bathrooms
16
Lot
0.36 ac
Current owner
From public records · entity-resolved
2440 Laketahoe INC
Entity
Mailing address
100 W EL CAMINO REAL STE #70, MOUNTAIN VIEW, CA 94040-2649
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
$1,800,000
2440 Laketahoe INC
Firedragon Management LLC
Grant Deed
$1,200,000 · Keypoint Cu
Mar 22, 2018
—
Firedragon Management LLC
Firedragon Management LLC
Grant Deed
related
$400,000 · Open Bank
Dec 29, 2017
—
Firedragon Management LLC
Jung,ki W
Grant Deed
—
Mar 8, 2017
—
Ki W Jung
Kwon,so Y
Quit Claim Deed
related
$325,000 · Calcap Income Fund I LLC
Dec 13, 2016
$600,000
Ki W Jung
Hines Sep Living Trust
Grant Deed
$270,000 · Private Individual
Oct 21, 2015
—
Hines Sep Living Trust
Hines,sep
Quit Claim Deed
related
—
Jan 21, 2014
—
Sep Hines
Hines,barry
Quit Claim Deed
related
—
Jan 21, 2014
$430,000
Sep Hines
Givant,edward D
Grant Deed
$330,000 · Edward D Givant
Nov 27, 2000
$375,000
Edward D Givant
Singh,harinder
Grant Deed
—
Feb 21, 1996
$450,000
Harinder Singh
Deol,swarn S & Harminder K
Grant Deed
$65,110 · Seller
Jan 21, 1994
$400,000
Deol,swarn S & Harminder K
Mat Properties I
Trustees Deed
$289,000 · Truckee River Bank
Jan 21, 1994
$207,272
Mat Properties INC
Fradelis Co
Trustees Deed
—
Dec 30, 1993
$208,142
Fradelis Co
Andersen,kjeld G
Trustees Deed
—
—
—
Kjeld G Anderson
—
Deed Of Trust
related
$104,000 · First Fidelity Thrift & Loan
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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