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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Hotels
3496 Lk Tahoe Blvd South Lake Tahoe, CA 96150-8900
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-5151768
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1956
Construction
WOOD
Total area
9,332 SF
Lot
0.63 ac (27,442 SF)
Zoning code
TC
APN
027-350-016-000
UPID
US09-5151768
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
-
Bluebird Day Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$2.64M
Owner & transaction history
Coastal Hotel Property II LLC · 5 yrs held
Coastal Hotel Property II LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
TC · 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
$2,510,000
ML approach
$2,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,980,000
Current use
RESTAURANT
$2,550,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.75M (Jun 8 2021)
Last sale anchor
$2.75M
Jun 8 2021
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
$283 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$30,881
Tax year 2024
Assessed value
$2,866,290
Assessed 2024
Previous assessed
$2,866,290
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$795,906
Assessed improvement
$2,070,384
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
NONE
Stories
2
Units
29
Bathrooms
28
Total area
9,332 SF
Lot
0.63 ac (27,442 SF)
Zoning code
TC
APN
027-350-016-000
UPID
US09-5151768
Jurisdiction
EL DORADO
Zoning & alternative use
TC · South Lake Tahoe, CA
Zoning TC · permitted uses
TC · 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
HOTEL/MOTEL Current
Est. value
$3.0M
RESTAURANT
Est. value
$2.6M
HOTEL/MOTEL Current
RESTAURANT
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
1956
Construction
WOOD
Heating
NONE
Stories
2
Units
29
Bathrooms
28
Lot
0.63 ac
Current owner
From public records · entity-resolved
Coastal Hotel Property II LLC
Entity
Mailing address
711 S EL CAMINO REAL, SAN CLEMENTE, CA 92672-4251
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
$2,750,000
Coastal Hotel Property II LLC
Rekha V Patel
Grant Deed
$2,050,000 · Rekha V Patel Etal
Feb 11, 2008
—
Patel,rekha V Etal
Owner Name Unavailable
Grant Deed
related
—
Dec 19, 2007
$1,365,000
Patel,rekha V & Vijay C
Bahniwal,paramjit & Kirandeep
Grant Deed
—
Apr 28, 2006
$1,320,000
Bahniwal,paramjit & Kirandeep
Patel,vijay C & Rekha V
Grant Deed
$1,125,000 · Heritage Bk/commerce
Oct 20, 2000
—
Vijay C Patel
—
Deed Of Trust
related
$1,070,000 · Heritage Bank Of Commerce
May 28, 1997
$111,500
Vijay C Patel
Patel,sureshhal R & Jayshree S
Grant Deed
related
—
Dec 30, 1994
—
Sureshhai R Patel
Patel,jayshree
Quit Claim Deed
related
—
Dec 30, 1994
$181,000
Patel,vijay C & Rekha V
Millbrae Enterprises
Trustees Deed
related
$8,863 · Seller
Jul 26, 1991
$271,409
Patel Raman H
Patel,jayantilal
Grant Deed
related
$74,377 · Seller
—
—
Bahniwal,paramjit & Kirandeep
—
Loan Modification
related
$1,125,000 · Heritage Bk/commerce
—
—
Vijay C Patel
—
Deed Of Trust
related
$75,000 · Individual
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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