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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Office Spaces
40200 Truckee Airport Rd Truckee, CA 96161-3389
Individually Owned
Free & Clear
Property ID
US09-9209631
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Construction
WOOD
Total area
8,674 SF
Lot
1.1 ac (47,916 SF)
Zoning code
DS
APN
080-270-028-000
UPID
US09-9209631
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
-
Porter Simon Law Office Law Firm
-
CDM Smith Inc. Engineering Consultant
-
West River Real Estate Real Estate Agency
-
Simon ADR Law Firm
-
Silver Aspen Interiors Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.26M
Owner & transaction history
Peter H Cuttitta & Jeanne D Cuttitta Revocabl
Peter H Cuttitta & Jeanne D Cuttitta Revocabl
since 2026
7 recorded transactions
Zoning & alternative use
DS · Truckee, 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 Truckee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Truckee 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,995,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,940,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±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
$145 / 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
$21,919
Tax year 2024
Assessed value
$1,614,179
Assessed 2024
Previous assessed
$1,614,179
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$398,731
Assessed improvement
$1,215,448
Applied tax rate
91.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Units
1
Bathrooms
4
Total area
8,674 SF
Lot
1.1 ac (47,916 SF)
Zoning code
DS
APN
080-270-028-000
UPID
US09-9209631
Jurisdiction
PLACER
Zoning & alternative use
DS · Truckee, CA
Zoning DS · permitted uses
DS · Truckee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Truckee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
RETAIL STORES
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
1987
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Units
1
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
Peter H Cuttitta & Jeanne D Cuttitta Revocabl
Individual
Free & Clear · 0 yrs held
Mailing address
40200 TRUCKEE AIRPORT RD, TRUCKEE, CA 96161-3389
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2026
—
Peter H Cuttitta & Jeanne D Cuttitta Revocabl
Doda Cuttitta
Deed
—
May 28, 2019
—
Cuttitta,peter H & Jeanne D Trust
Cuttitta,peter H
Quit Claim Deed
related
—
Apr 10, 2007
—
Porter J & M 1998 Trust
Martis Valley Business Ptrs
Grant Deed
—
Dec 26, 1997
—
James E Simon
Simon,kathryn I
Quit Claim Deed
related
—
Oct 16, 1997
—
John M Phelps
Phelps,melisa R
Quit Claim Deed
related
—
Oct 16, 1997
$250,000
Martis Valley Business Partner
Porter,james L
Trustees Deed
$750,000 · Sierrawest Bank
Apr 19, 1994
—
James L Porter
Porter,james L
Quit Claim Deed
related
—
Jul 1, 1991
$814,000
James L J Porter
USA,
Grant Deed
$741,400 · Truckee River Bank
Aug 4, 1989
—
Airport Commerce
Koregelos,george
Trustees Deed
related
—
—
—
Ciro Mancuso
—
Deed Of Trust
related
$490,000 · First Interstate Bank Californ
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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