Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Office buildings
3351 Lk Tahoe Blvd South Lake Tahoe, CA 96150-7977
Entity Owned
8-yr Hold
Free & Clear
Property ID
US09-3148221
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
10,326 SF
Lot
0.38 ac (16,552 SF)
Zoning code
GC
APN
027-010-013-000
UPID
US09-3148221
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
-
Armijo Israel DDS Dental Office
-
D'Ascoli Orthodontics Dental Office
-
Nancy Huzicka Crebs Marriage Or Relationship Counselor
-
Dick Horn - State Farm Insurance Agent Insurance Agency
-
Vance Deborah A Marriage Or Relationship Counselor Doctor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.79M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.66M
Owner & transaction history
Lakefront Prof Building LLC · 8 yrs held
Lakefront Prof Building LLC
since 2017
7 recorded transactions
Zoning & alternative use
GC · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+52.0%
Retail stores
$2.6M
+38.9%
Medical building
$2.0M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,015,000
6.5%
$2,785,000
7%
$2,585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,855,000
Current use
RESTAURANT
$2,825,000
Change: +52% · Conversion: Moderate
RETAIL STORES
$2,580,000
Change: +39% · Conversion: Moderate
MEDICAL BUILDING
$1,980,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$1,785,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±10%
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
$258 / 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
$38,288
Tax year 2023
Assessed value
$3,576,219
Assessed 2023
Previous assessed
$3,576,219
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,072,865
Assessed improvement
$2,503,354
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
Off-Market
Year built
2001
Heating
NONE
Stories
3
Units
18
Bathrooms
6
Total area
10,326 SF
Lot
0.38 ac (16,552 SF)
Zoning code
GC
APN
027-010-013-000
UPID
US09-3148221
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.8M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.0M
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
2001
Heating
NONE
Stories
3
Units
18
Bathrooms
6
Lot
0.38 ac
Current owner
From public records · entity-resolved
Lakefront Prof Building LLC
Entity
Free & Clear · 8 yrs held
Mailing address
14801 GOLF LINKS DR, LOS GATOS, CA 95032-1713
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
—
Lakefront Prof Building LLC
—
Deed
related
$1,575,000 · Miscellaneous Ins Co
Nov 2, 2017
—
Lakefront Prof Building LLC
Richardson,lainey M & Bruce J
Quit Claim Deed
—
Aug 31, 2017
$3,695,000
Lainey M Richardson
Lakefront Properties-villa Del
Grant Deed
—
Oct 24, 1978
$117,500
Del Mar Properties Villa
—
Grant Deed
related
—
Feb 2, 1971
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Lakefront Prof Building LLC
—
Deed Of Trust
related
$1,575,000 · Miscellaneous Ins Co
Jul 1, 1968
—
Owner Name Unavailable
Owner Name Unavailable
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.
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?”
You own 3351 Lk Tahoe Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
