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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Retail space
2494 Lk Tahoe Blvd 14 South Lake Tahoe, CA 96150-7719
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3118297
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Total area
11,133 SF
Lot
0.69 ac (30,056 SF)
Zoning code
GC
APN
031-071-006-000
UPID
US09-3118297
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
-
RnR Vacation Rentals Vacation Rental Real Estate Agency
-
Dr. James W. Getzelman, DDS Dental Office
-
Beaus Barbershop Barber Shop
-
Hair by Aimee Jean Hair Salon
-
PRIDE Industries Business Service Center Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$1.99M
Owner & transaction history
Sep Hines · 4 yrs held
Sep Hines
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
GC · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+9.4%
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
$1,705,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
$2,640,000
6.5%
$2,435,000
7%
$2,265,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,780,000
Current use
RESTAURANT
$3,045,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10% · vs last sale $2.00M (Feb 28 2022)
Last sale anchor
$2.00M
Feb 28 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
$178 / 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
$35,528
Tax year 2023
Assessed value
$2,040,000
Assessed 2023
Previous assessed
$2,040,000
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$510,000
Assessed improvement
$1,530,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Heating
NONE
Units
16
Bathrooms
24
Total area
11,133 SF
Lot
0.69 ac (30,056 SF)
Zoning code
GC
APN
031-071-006-000
UPID
US09-3118297
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
RETAIL STORES Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.0M
RETAIL STORES 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
1952
Heating
NONE
Units
16
Bathrooms
24
Lot
0.69 ac
Current owner
From public records · entity-resolved
Sep Hines
Individual
Mailing address
1925 MARCONI WAY, SOUTH LAKE TAHOE, CA 96150-6636
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Sep Hines
—
Deed
related
$500,000 · Harbans S Handa
Apr 18, 2024
—
Sep Hines
—
Deed
related
$1,550,000 · David Barrett
Feb 28, 2022
$2,000,000
Sep Hines
Edward G Baker
Grant Deed
$1,500,000 · Baker Trust
Feb 28, 2022
—
Sep Hines
Barry Hines
Intrafamily Transfer
related
—
May 7, 2018
—
Grand Wall INC
Laub,melvin
Quit Claim Deed
—
Dec 31, 1984
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Nov 30, 1983
—
Owner Name Unavailable
Owner Name Unavailable
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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