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    40173 Truckee Airport Rd, Unit 1 Truckee, CA 96161-4115
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    Property profile & analytics

    40173 Truckee Airport Rd, Unit 1, Truckee, CA 96161-4115

    View on Map
    • Office Spaces
    • 2,153 SF
    • 0.05 lot acres
    Off-Market
    Last Sale Jan 28, 2022
    $1,600,000
    Property ID
    US09-9214967
    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
    $1,375,000
    Show details
    Cap Rate Potential
    4.2%
    Office Spaces
    Location Intelligence

    Current Use by Public Records

    • Epic Smart Homes / Electronics & Wireless Store
    • Clayborn Lab / Industrial Manufacturer / Production Facility

    Property Details for 40173 Truckee Airport Rd

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property type
    Office Spaces
    APN
    107-090-001-000
    APU
    107090001000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 28, 2022 $1,600,000 40173 Truckee Airport Rd 1 And 2 Ll Robert L Horvath Grant Deed $827k · America First FCU
    Feb 8, 2017 — Robert L Horvath Scardigli Richard L Trust Grant Deed · related —
    Feb 8, 2016 — Horvath,r L & M L 1983 Trust Horvath,robert L & Maureen L Quit Claim Deed · related —
    Jan 14, 2011 $940,000 Robert L Horvath Scardigli Richard L Trust Grant Deed $797k · Plumas Bank
    Feb 10, 2009 — Scardigli Richard L Trust Town & Country Busn Park LLC Grant Deed $780k · Plumas Bank
    — — Robert L Horvath — Deed Of Trust · related $729k · Tri Counties Bank
    — — Town Lllc — Deed Of Trust · related $200k · Plumas Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,240,000
      ML approach
      $1,235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,778,000
      Market price range: $414k - $2.79M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,660,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Truckee
    County
    Placer
    State
    California
    Longitude
    -120.147
    Latitude
    39.3157
    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
    2024
    $8,203
    $156,060
    $468,180
    $624,240
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,180,000
      6,148 SF

      40161 Truckee Airport Rd

      CONDOMINIUM OFFICES
      40161 Truckee Airport Rd, Truckee, CA 96161-4112
      View Details
    • Value Estimation
      $1,255,000
      8,674 SF

      40200 Truckee Airport Rd

      OFFICE (GENERAL)
      40200 Truckee Airport Rd, Truckee, CA 96161-3389
      View Details
    • Value Estimation by Request
      3,567 SF

      10292 Donner Pass Rd

      OFFICE (GENERAL)
      10292 Donner Pass Rd, Truckee, CA 96161-0361
      View Details
    • Value Estimation by Request
      1,025 SF

      12257 Business Park Dr Ste, Unit 9

      CONDOMINIUM OFFICES
      12257 Business Park Dr Ste, Truckee, CA 96161-3335
      View Details
    • Value Estimation by Request
      995 SF

      8001 Northstar Dr, Unit 104

      OFFICE (GENERAL)
      8001 Northstar Dr, Truckee, CA 96161-4253
      View Details
    • Value Estimation by Request
      2,466 SF

      9709 State Rte 267

      OFFICE (GENERAL)
      9709 State Rte 267, Truckee, CA 96161-0406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,940 SF

      Truckee Commercial Office Suite

      Commercial office suite with investment grade tenant in Truckee.
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    • $1,295,000
      1,100 SF

      Downtown Truckee Commercial Opportunity

      Commercial building in the heart of downtown Truckee, California.
      10010 Church St, Truckee, CA 96161
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    • $7,500,000
      3.90 Acres

      Truckee Commercial Land For Sale

      3.9-acre commercial land in the heart of Downtown Truckee.
      Donner Pass Rd, Truckee, CA 96161
      View Details
    • Contact for pricing
      1,850 SF

      Truckee Commercial Unit For Sale

      Commercial unit with strong visibility and accessibility in Truckee.
      40169 Truckee Airport Rd, Truckee, CA 96161
      View Details
    • $1,250,000
      Pending

      Versatile Commercial Building in Truckee

      Commercial building in a prime location with high visibility.
      11105 Donner Pass Rd, Truckee, CA 96161
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Truckee, California.
      3001 Northstar Dr, Truckee, CA 96161
      View Details
    • Contact for pricing

      Neighborhood Shopping Center Near Tahoe

      81,449 SF shopping center anchored by Safeway.
      11290 Donner Pass Rd, Truckee, CA 96161
      View Details
    • Contact for pricing

      Commercial Space in Truckee, CA

      Commercial space available for rent in Truckee, California.
      11399 Deerfield Dr, Truckee, CA 96161
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Rent

      Neighborhood shopping center anchored by SaveMart and CVS.
      11411 Deerfield Dr, Truckee, CA 96161
      View Details
    • Contact for pricing

      Neighborhood Shopping Center in Truckee

      26,000 SF shopping center anchored by SaveMart and CVS.
      11411 Deerfield Dr, Truckee, CA 96161
      View Details
    • Contact for pricing
      6,490 SF

      Retail Space in Truckee Center

      Retail space available in a neighborhood shopping center.
      11391 Deerfield Dr, Truckee, CA 96161
      View Details
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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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