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Property profile & analytics
FOR LEASE
Office buildings
3079 Harrison Ave South Lake Tahoe, CA 96150
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1602880
For Lease
1 / 32
$2,385,000
3079 Harrison Ave, South Lake Tahoe, CA 96150
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
TILT-UP CONCRETE
Total area
10,118 SF
Lot
0.72 ac (31,363 SF)
Zoning code
GC
APN
026-113-014-000
UPID
US09-1602880
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
-
Eagle Protect PBC Textile Manufacturer
-
Guild Mortgage Company Consultant Mortgage Lender
-
Tahoe Daily Tribune Publishing House Newspaper & Magazine
-
Nationwide Insurance: Aduna Insurance Insurance Agency
-
Davinci Meeting Rooms Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.39M
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
First Manassas LLC · 2 yrs held
First Manassas LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
GC · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
sltah36.fm
Top alternative use upside
Restaurant
$2.8M
+52.0%
Retail stores
$2.5M
+38.9%
Medical building
$1.9M
+6.7%
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
$2,385,000
ML approach
$2,385,000
CAP Approach
CAP Return
Estimation
6%
$2,955,000
6.5%
$2,730,000
7%
$2,535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,820,000
Current use
RESTAURANT
$2,765,000
Change: +52% · Conversion: Moderate
RETAIL STORES
$2,525,000
Change: +39% · Conversion: Moderate
MEDICAL BUILDING
$1,940,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$1,750,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.39M (Feb 26 2024)
Last sale anchor
$2.39M
Feb 26 2024
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
$236 / 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
$18,218
Tax year 2023
Assessed value
$1,672,892
Assessed 2023
Previous assessed
$1,672,892
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$577,587
Assessed improvement
$1,095,305
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
3
Total area
10,118 SF
Lot
0.72 ac (31,363 SF)
Zoning code
GC
APN
026-113-014-000
UPID
US09-1602880
Jurisdiction
EL DORADO
Zoning & alternative use
GC · South Lake Tahoe, CAZoning 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
Source
sltah36.fm
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
MEDICAL 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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
3
Lot
0.72 ac
Current owner
From public records · entity-resolved
First Manassas LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
$2,385,500
First Manassas LLC
Press Project LLC
Grant Deed
—
Feb 26, 2024
—
Vo Services LLC
Press Project LLC
Grant Deed
—
Feb 28, 2019
—
The Press Project LLC
—
Deed
related
$1,100,000 · Umpqua Bank
Jul 14, 2015
—
Press Project LLC
Sierra Nevada Media Group
Grant Deed
related
—
Jun 12, 2015
$1,250,000
Press Project LLC
Sierra Nevada Media Group
Grant Deed
$1,000,000 · Sierra Nevada Media Group
Jan 16, 1985
$1,000,000
Tahoe Daily Tribune INC
—
Grant Deed
related
—
Dec 7, 1984
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Press Project LLC
—
Deed Of Trust
related
$1,100,000 · Umpqua Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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