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Property profile & analytics
FOR SALE
Manufacturing properties
2614 Sussex Ave South Lake Tahoe, CA 96150
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0274425
For Sale
1 / 12
$1,981,000
2614 Sussex Ave, South Lake Tahoe, CA 96150
View Listing →
Property summary
AI-generated overview
This fee-simple industrial property in South Lake Tahoe, CA, presents a compelling investment opportunity. The 2,046 square foot building, situated on a 18,731 square foot lot (APN: 031-258-002-000
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Construction
TILT-UP CONCRETE
Total area
2,046 SF
Lot
0.21 ac (9,147 SF)
Zoning code
HDR
APN
031-258-002-000
UPID
US09-0274425
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
-
Big Brand Tire & Service (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$380k
Blend (final)
Blend
$545k
Owner & transaction history
Kbc Capital LLC · 5 yrs held
Kbc Capital LLC
since 2020
Last sale
$565,000
5 recorded transactions
Zoning & alternative use
HDR · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$510,000
+154.8%
Medical building
$395,000
+95.8%
Office building
$370,000
+83.5%
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
$510,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$510,000
Change: +155% · Conversion: Moderate
MEDICAL BUILDING
$395,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$370,000
Change: +83% · Conversion: Difficult
WAREHOUSE, STORAGE
$355,000
Change: +76% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $565k (Jul 31 2020)
Last sale anchor
$565k
Jul 31 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
$266 / 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
$5,252
Tax year 2023
Assessed value
$471,294
Assessed 2023
Previous assessed
$471,294
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$117,821
Assessed improvement
$353,473
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
2,046 SF
Lot
0.21 ac (9,147 SF)
Zoning code
HDR
APN
031-258-002-000
UPID
US09-0274425
Jurisdiction
EL DORADO
Zoning & alternative use
HDR · South Lake Tahoe, CA
Zoning 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
South Lake Tahoe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$510,000
MEDICAL BUILDING
Est. value
$395,000
OFFICE BUILDING
Est. value
$370,000
WAREHOUSE, STORAGE
Est. value
$355,000
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Kbc Capital LLC
Entity
Mailing address
1000TH E WILLIAM ST #21, CARSON CITY, NV 89701-3108
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
—
Kbc Capital LLC
Kbc Capital LLC
Quit Claim Deed
related
$369,492 · Heritage Bk/nv
Jan 31, 2014
$565,000
Kbc Capital LLC
Andersen Jl Trust
Grant Deed
$565,000 · Andersen Jl Trust (pt)
Mar 5, 2004
$565,000
Jon R Andersen
Moss,tr
Grant Deed
$414,229 · Moss Trust
May 30, 2001
—
Moss Trust
Moss,alan A
Quit Claim Deed
related
—
Jul 5, 1979
—
—
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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