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Property profile & analytics
FOR LEASE
Retail space
2719 Lake Tahoe Blvd South Lake Tahoe, CA 96150
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-0166810
For Lease
1 / 18
$775,000
2719 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
WOOD
Total area
1,890 SF
Lot
0.42 ac (18,295 SF)
Zoning code
GC
APN
031-030-007-000
UPID
US09-0166810
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$775k
Owner & transaction history
Lockwood,dean E · 13 yrs held
Lockwood,dean E
since 2012
Last sale
$825,000
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
$750,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $825k (Jan 28 2020)
Last sale anchor
$825k
Jan 28 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
$410 / 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
$9,402
Tax year 2023
Assessed value
$867,221
Assessed 2023
Previous assessed
$867,221
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$210,235
Assessed improvement
$656,986
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
For Lease
Year built
1957
Construction
WOOD
Heating
NONE
Stories
2
Total area
1,890 SF
Lot
0.42 ac (18,295 SF)
Zoning code
GC
APN
031-030-007-000
UPID
US09-0166810
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
1957
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Lockwood,dean E
Individual
Mailing address
PO BOX 3399, VALLEJO, CA 94590-0339
Ownership since
2012
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
Dec 7, 2012
$550,000
Lockwood,dean E
Anderberg Wilbur C
Grant Deed
related
—
May 9, 2012
—
Shearer,j & S 2004 Family Trust
Shearer,john L
Quit Claim Deed
related
—
Jan 23, 2009
—
Shearer,john L
Lockwood,dean F
Grant Deed
—
Mar 3, 2005
$550,000
Dean E Lockwood
James Esau
Grant Deed
$495,000 · Lehman Brothers Bank Fsb
Mar 3, 2005
—
Shearer,john L
Shearer,shannon M
Quit Claim Deed
related
—
Oct 25, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Oct 15, 1981
—
Wilbur Carl Anderberg
—
Grant Deed
related
—
Jan 18, 1979
—
—
—
Grant Deed
related
—
—
—
Shearer,john & S 2004 Fam Trust
—
Deed Of Trust
related
$372,000 · Bank Of America
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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