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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3678 Lake Tahoe Blvd South Lake Tahoe, CA 96150

    • Turn key restaurants
    • 10,114 SF
    • 1.15 lot acres
    For Sale
    View listing
    $2,750,000
    Last Sale
    Dec 16, 2022
    $2,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3206927
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 3678 Lake Tahoe Blvd

    Year built
    1946
    Construction
    WOOD
    Lot size
    1.15 lot acres
    Property size
    10,114 SF
    Property type
    Turn key restaurants
    APN
    027-071-030-000
    APU
    27071030000

    Description

    This exceptional freestanding retail or restaurant building, located at 3678 Lake Tahoe Blvd in South Lake Tahoe, California, presents a unique investment opportunity. The property boasts a substantial 8,710 square feet of vacant space, ideal for a variety of commercial uses. Situated on a generous 1.38-acre lot, the building offers ample parking with 90 spaces to accommodate customers and employees. Its prime location in El Dorado County, zip code 96150, provides excellent visibility and accessibility. The property is currently available for lease as a multi-tenant space, presenting a chance to establish a thriving business in a high-traffic area of South Lake Tahoe. The building's size and layout offer flexibility for various configurations, catering to the needs of multiple tenants or a single large-scale operation. With its convenient location and substantial square footage, this property represents a significant opportunity for businesses seeking a prominent presence in the vibrant South Lake Tahoe market. The ample parking ensures convenient access for patrons, contributing to a positive customer experience. This is a rare opportunity to secure a substantial commercial space in a desirable location. The property's size and features make it suitable for a wide range of retail or restaurant concepts. Contact us today to learn more about this exceptional property and its leasing potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,215,000
      ML approach
      $2,105,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,187,000
      Market price range: $1.01M - $3.93M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,765,000
      Current use
      RETAIL STORES
      $2,525,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.956
    Latitude
    38.9487
    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
    $27,801
    $1,500,000
    $1,100,000
    $2,600,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.16 Acres

      3599 Lk Tahoe Blvd

      RESTAURANT • 6.16 Acres
      3599 Lk Tahoe Blvd, South Lake Tahoe, CA 96150-8947
      View Details
    • Value Estimation by Request
      1,832 SF

      2649 Lk Tahoe Blvd

      RESTAURANT • 1,832 SF
      2649 Lk Tahoe Blvd, South Lake Tahoe, CA 96150-7700
      View Details
    • Value Estimation
      $850,000
      3,651 SF

      3715 Lk Tahoe Blvd

      RESTAURANT • 3,651 SF
      3715 Lk Tahoe Blvd, South Lake Tahoe, CA 96150-8908
      View Details
    • Value Estimation
      $970,000
      10,702 SF

      2540 Lk Tahoe Blvd

      RESTAURANT • 10,702 SF
      2540 Lk Tahoe Blvd, South Lake Tahoe, CA 96150-7734
      View Details
    • Value Estimation by Request
      1,793 SF

      841 Emerald Bay Rd

      RESTAURANT • 1,793 SF
      841 Emerald Bay Rd, South Lake Tahoe, CA 96150-6412
      View Details
    • Value Estimation by Request
      1,672 SF

      3132 Us Hwy 50

      RESTAURANT • 1,672 SF
      3132 Us Hwy 50, South Lake Tahoe, CA 96150-9224
      View Details

    Similar Nearby for Sale

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      South Lake Tahoe Retail Center

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      Lake Tahoe Boulevard Restaurant Site

      Free-standing restaurant building on 1.15 acres with ample parking.
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      South Lake Tahoe Retail Center

      Multi-tenant retail investment opportunity
      1023 Emerald Bay Rd, South Lake Tahoe, CA 96150
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    Similar Nearby for Lease

    • $69 SF/Yr
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      South Lake Tahoe Retail Spaces

      Prime Lake Tahoe location, multiple units available.
      4101 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
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      Restaurant Space in South Lake Tahoe

      Restaurant space with cocktail lounge, bar, and commercial kitchen.
      3450 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $30 SF/Yr
      19,631 SF

      South Lake Tahoe Retail Space

      Prime Retail, 884 SF Available
      3668 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing
      11,800 SF

      Multi-Vendor Food Hall Kitchen Space

      Shared-use commercial kitchen and food hall for rent.
      1030 Tata Ln, South Lake Tahoe, CA 96150
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    • Contact for pricing
      20,000 SF

      Ski Run Marina Retail/Office Space

      Retail and office spaces available in Ski Run Marina.
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    • Contact for pricing
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      Tahoe Village Center Retail Space

      Prime South Lake Tahoe retail, multiple spaces available.
      4000 Lk Tahoe Blvd. / Hwy 50, South Lake Tahoe, CA 96150
      View Details
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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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