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    2494 Lk Tahoe Blvd, Unit 14 South Lake Tahoe, CA 96150-7719
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    Property profile & analytics

    2494 Lk Tahoe Blvd, Unit 14, South Lake Tahoe, CA 96150-7719

    View on Map
    • Retail space
    • 11,133 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Feb 28, 2022
    $2,000,000
    Property ID
    US09-3118297
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,985,000
    Show details
    Cap Rate Potential
    9.3%
    Retail space
    Location Intelligence

    Current Use by 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

    Property Details for 2494 Lk Tahoe Blvd

    Year built
    1952
    Lot size
    0.69 lot acres
    Zone code
    GC
    Property type
    Retail space
    APN
    031-071-006-000
    APU
    31071006000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 17, 2026 — Sep Hines — Deed · related $500k · Harbans S Handa
    Apr 18, 2024 — Sep Hines — Deed · related $1.6M · David Barrett
    Feb 28, 2022 $2,000,000 Sep Hines Edward G Baker Grant Deed $1.5M · 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 —

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,069,000
      Market price range: $1.39M - $4.40M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,780,000
      Current use
      RESTAURANT
      $3,045,000
      Change: +9% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.988
    Latitude
    38.9238
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,528
    $510,000
    $1,530,000
    $2,040,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.06 Acres

      3344 Lk Tahoe Blvd

      RETAIL STORES (PERSONAL SERVICES)
      3344 Lk Tahoe Blvd, South Lake Tahoe, CA 96150-8059
      View Details
    • Value Estimation
      $4,750,000
      22,770 SF

      1001 Heavenly Vlg Way

      RETAIL STORES (PERSONAL SERVICES)
      1001 Heavenly Vlg Way, South Lake Tahoe, CA 96150-7068
      View Details
    • Value Estimation
      $9,830,000
      102,800 SF

      20781 Us Hwy 50

      RETAIL STORES (PERSONAL SERVICES)
      20781 Us Hwy 50, South Lake Tahoe, CA 96150-9547
      View Details
    • Value Estimation by Request
      1.05 Acres

      Lake

      RETAIL STORES (PERSONAL SERVICES)
      Lake, Tahoe, CA 96150
      View Details
    • Value Estimation
      $785,000
      6,736 SF

      2520 Lk Tahoe Blvd Ste, Unit 1

      RETAIL STORES (PERSONAL SERVICES)
      2520 Lk Tahoe Blvd Ste, South Lake Tahoe, CA 96150-7715
      View Details
    • Value Estimation
      $550,000
      3,113 SF

      Lake

      RETAIL STORES (PERSONAL SERVICES)
      Lake, Tahoe, CA 96150
      View Details

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      Multi-Tenant Commercial Property For Sale

      Commercial property with stable income and development flexibility in South Lake Tahoe.
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      Renovated Restaurant/Retail Near Lake Tahoe

      Multi-tenant restaurant and retail property near the lake.
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    Similar Nearby for Lease

    • $5 SF/Yr

      Retail Space in Tourist Core

      Prime retail space in South Lake Tahoe's tourist hub.
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    • Contact for pricing
      16,745 SF

      Retail Space in South Lake Tahoe

      Retail space available for lease in South Lake Tahoe.
      1056 Emerald Bay Rd, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr

      Retail and Warehouse Space Available

      Retail building with warehouse and storage in South Lake Tahoe.
      2719 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
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    South Lake Tahoe, CA 96150-7719
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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