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    3542 Lake Tahoe Blvd South Lake Tahoe, CA 96150
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    3542 Lake Tahoe Blvd, South Lake Tahoe, CA 96150

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    • Retail space
    • 5,591 SF
    • 0.43 lot acres
    For Sale
    $1,798,000
    View Listing →
    South Lake Tahoe Commercial Property For Sale
    $1,798,000
    5,591 SF

    South Lake Tahoe Commercial Property

    Commercial property in South Lake Tahoe's Tourist Core with multiple spaces.

    3542 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
    View Listing
    Property ID
    US09-2965166
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • The Village Board Shop / (Bike/Boat/Book/etc) Store

    Property Details for 3542 Lake Tahoe Blvd

    Year built
    1937
    Lot size
    0.43 lot acres
    Zone code
    GC
    Property type
    Retail space
    APN
    027-101-002-000
    APU
    27101002000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 16, 2023 $1,700,000 Destin Adventures LLC Time Out Sports Lounge LLC Grant Deed $1.5M · Harvest Small Business Finance LLC
    Jul 2, 2020 $1,450,000 Time Out Sports Lounge LLC Penn Russell C Family Trust Grant Deed $1.1M · Harvest Small Busn Fin LLC
    Dec 3, 2018 — Penn,russell C Family Trust Penn,russell Quit Claim Deed · related —
    Aug 15, 1977 — Owner Name Unavailable Owner Name Unavailable Grant Deed · related —
    Jul 26, 1976 — Owner Name Unavailable Owner Name Unavailable Grant Deed · related —
    — — Russell Penn — Deed Of Trust · related $100k · Individual
    — — Russell Penn — Deed Of Trust · related $20k · Individual
    — — Russell Penn — Deed Of Trust · related $250k · Truckee River Bank

    Description

    This exceptional commercial property at 3542 Lake Tahoe Boulevard in South Lake Tahoe, CA, presents a unique investment opportunity. Boasting 5,591 square feet on a 0.43-acre lot, this two-story building offers significant potential for a variety of uses. Currently configured as a retail space (formerly a brewery and currently The Village Board Shop), the property benefits from high visibility and foot traffic due to its coveted Highway 50 frontage within the Tourist Core Area. Multiple permitted uses allow for flexibility in adapting the space to suit diverse business needs. Ample parking is available, and a charming front patio provides additional outdoor space, ideal for summer use. The property's strategic location near Ski Run Boulevard, Heavenly California base lodge, casinos, the new Tahoe Blue Events Center, and numerous hotels ensures maximum exposure and accessibility. The asking price is $1,950,000, translating to $375.60 per square foot. This is a rare chance to acquire a well-situated commercial property in a thriving tourist destination. The property's history as a successful business adds to its appeal, offering a proven track record in a high-demand location. Don't miss this chance to capitalize on the unique advantages of this prime South Lake Tahoe commercial real estate offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,595,000
      ML approach
      $1,600,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,325,000
      6.5%
      $1,225,000
      7%
      $1,135,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,395,000
      Current use
      RESTAURANT
      $1,530,000
      Change: +9% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.962
    Latitude
    38.9466
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,670
    $225,000
    $718,000
    $943,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      5,070 SF

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      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
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      26,582 SF

      1021 Heavenly Vlg Way

      RETAIL STORES (PERSONAL SERVICES)
      1021 Heavenly Vlg Way, South Lake Tahoe, CA 96150-6958
      View Details
    • Value Estimation
      $2,410,000
      24,072 SF

      1030 Industrial Ave

      RETAIL STORES (PERSONAL SERVICES)
      1030 Industrial Ave, South Lake Tahoe, CA 96150-3600
      View Details
    • Value Estimation
      $1,760,000
      8,438 SF

      4100 Lk Tahoe Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4100 Lk Tahoe Blvd, South Lake Tahoe, CA 96150-6965
      View Details
    • Value Estimation
      $905,000
      9,148 SF

      972 Tallac Ave Ste A

      RETAIL STORES (PERSONAL SERVICES)
      972 Tallac Ave Ste A, South Lake Tahoe, CA 96150-7995
      View Details
    • Value Estimation
      $1,215,000
      10,656 SF

      2180 Lk Tahoe Blvd Ste, Unit 1

      RETAIL STORES (PERSONAL SERVICES)
      2180 Lk Tahoe Blvd Ste, South Lake Tahoe, CA 96150-7157
      View Details

    Similar Nearby for Sale

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      8,896 SF

      South Lake Tahoe Retail Investment

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      Versatile Commercial Building in South Tahoe

      Two-story commercial building with retail, office, and shop space.
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      South Lake Tahoe Commercial Building

      Four-unit commercial building in high-traffic tourist area.
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      View Details
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      Multi-Tenant Commercial Property For Sale

      Commercial property with stable income and development flexibility in South Lake Tahoe.
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      View Details
    • $2,995,000

      Renovated Restaurant/Retail Near Lake Tahoe

      Multi-tenant restaurant and retail property near the lake.
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    Similar Nearby for Lease

    • $5 SF/Yr

      Retail Space in Tourist Core

      Prime retail space in South Lake Tahoe's tourist hub.
      4075-4101 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing
      16,745 SF

      Retail Space in South Lake Tahoe

      Retail space available for lease in South Lake Tahoe.
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      View Details
    • $2 SF/Yr

      Retail and Warehouse Space Available

      Retail building with warehouse and storage in South Lake Tahoe.
      2719 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    View Listing
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    South Lake Tahoe, CA 96150
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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