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Property profile & analytics
OFF-MARKET
Estimated value
$3,345,000
Retail space
2685 Lk Tahoe Blvd South Lake Tahoe, CA 96150-7700
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0667488
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
36,590 SF
Lot
0.85 ac (37,026 SF)
Zoning code
GC
APN
031-030-032-000
UPID
US09-0667488
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
-
Sierra Express Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$3.35M
Owner & transaction history
Manista,d E & D S Trust · 6 yrs held
Manista,d E & D S Trust
since 2020
Last sale
$3.6M
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
$3,215,000
ML approach
$3,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.35M
Range $3.01M – $3.68M · ±10% · vs last sale $3.55M (Mar 31 2020)
Last sale anchor
$3.55M
Mar 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
$91 / 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
$32,027
Tax year 2023
Assessed value
$2,995,856
Assessed 2023
Previous assessed
$2,995,856
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$525,588
Assessed improvement
$2,470,268
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
1950
Heating
NONE
Total area
36,590 SF
Lot
0.85 ac (37,026 SF)
Zoning code
GC
APN
031-030-032-000
UPID
US09-0667488
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.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.85 ac
Current owner
From public records · entity-resolved
Manista,d E & D S Trust
Trust
Mailing address
22460 MSN HLS LN, YORBA LINDA, CA 92887-2730
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
$3,550,000
Manista,d E & D S Trust
South Lake Tahoe Carwash LP
Grant Deed
$1,300,000 · Commercial Bk/ca
Jan 4, 2017
—
South Lake Tahoe Carwash LP
—
Deed
related
—
Mar 1, 2016
$649,000
South Lake Tahoe Carwash LP
Tahoe Advancement LLC
Grant Deed
—
Aug 15, 2014
$475,000
Tahoe Advancement LLC
Getzelman James W
Grant Deed
$125,000 · Getzelman James W (es)
Apr 29, 2008
—
Getzelman,jim
Owner Name Unavailable
Grant Deed
related
—
Jan 22, 2001
—
Jim Getzelman
Tkg South Lake Tahoe LLC
Grant Deed
related
—
Apr 6, 2000
—
Tkg South Lake Tahoe LLC
Desai,narendra K & Vilas N
Grant Deed
$4,325,000 · Cf Lender LLC
—
—
South Lake Tahoe Carwash LP
—
Deed Of Trust
related
—
—
—
Narendra K Desai
—
Deed Of Trust
related
$176,000 · El Dorado Savings Bank
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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