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Property profile & analytics
FOR SALE
Hotels
4133 Cedar Ave South Lake Tahoe, CA 96150
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-2218116
For Sale
1 / 40
$5,800,000
4133 Cedar Ave, South Lake Tahoe, CA 96150
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1959
Construction
WOOD
Total area
15,224 SF
Lot
0.69 ac (30,056 SF)
Zoning code
TC
APN
029-051-019-000
UPID
US10-2218116
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
-
Blue Jay Lodge Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.50M
Owner & transaction history
As Blue Jay LLC · 3 yrs held
As Blue Jay LLC
since 2023
Last sale
$7.5M
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
$7,050,000
ML approach
$7,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,860,000
Current use
Blend value · Realmo final
$7.50M
Range $6.75M – $8.25M · ±10% · vs last sale $7.51M (Jun 23 2023)
Last sale anchor
$7.51M
Jun 23 2023
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
$493 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,780
Tax year 2023
Assessed value
$1,133,274
Assessed 2023
Previous assessed
$1,133,274
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$434,616
Assessed improvement
$698,658
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
For Sale
Year built
1959
Construction
WOOD
Heating
NONE
Stories
2
Units
41
Bathrooms
42
Total area
15,224 SF
Lot
0.69 ac (30,056 SF)
Zoning code
TC
APN
029-051-019-000
UPID
US10-2218116
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
$4.9M
HOTEL/MOTEL Current
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
1959
Construction
WOOD
Heating
NONE
Stories
2
Units
41
Bathrooms
42
Lot
0.69 ac
Current owner
From public records · entity-resolved
As Blue Jay LLC
Entity
Mailing address
PO BOX 811, DIXON, CA 95620-0811
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2023
$7,510,000
As Blue Jay LLC
Vyom Hospitality INC
Grant Deed
$5,632,500 · Vyom Hospitality INC
Jun 21, 2018
—
Vyom Hospitality INC
—
Deed
related
$1,060,000 · Santa Cruz County Bank
Feb 9, 2015
$750,000
Vyom Hospitality INC
Aarav Enterprises Corp
Grant Deed
—
Jan 17, 2012
$1,475,000
Aarav Enterprises Corporation
First Financial Collateral INC
Grant Deed
$1,180,000 · Valley Community Bank
Apr 8, 2011
$1,890,000
First Financial Collateral INC
Placer Foreclosure INC
Trustees Deed
related
—
Oct 17, 2007
—
Patel,surendra J & Hema M
Sierra Motel Investment LLC
Grant Deed
—
Oct 17, 2007
$4,600,000
Gordon R Lane
Surendra J Patel
Grant Deed
$3,000,000 · Irwin Union Bank
Aug 22, 2003
$2,140,000
Sierra Motel Investments LLC
Country Club Investors
Grant Deed
$1,490,000 · Community National Bank
—
—
Vyom Hospitality INC
—
Loan Modification
related
—
—
—
Country Club Investors
—
Deed Of Trust
related
$750,000 · Us Bank Of California
—
—
Sierra Motel Investments LLC
—
Deed Of Trust
related
$850,000 · Edf Resource Cap
—
—
Sierra Motel Investments LLC
—
Deed Of Trust
related
$200,000 · Bipin & Kumidini Kapadia
—
—
Sierra Motel Investments LLC
—
Deed Of Trust
related
$100,000 · Danis Trust
—
—
Vyom Hospitality INC
—
Deed Of Trust
related
$1,060,000 · Santa Cruz Cnty Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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