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Property profile & analytics
FOR LEASE
Commercial real estate
605 Highway 50 Zephyr Cove, NV 89448
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0902921
For Lease
1 / 48
$950/Mo
605 Highway 50, Zephyr Cove, NV 89448
View Listing →
Property summary
AI-generated overview
This exceptional 500-square-foot executive office suite is ideally situated at 605 Hwy 50 in Zephyr Cove, Nevada, within Douglas County (zip code 89448). The property boasts a Class B designation and is part of a multi-tenant building with two stories. The zoning is C-1, making it suitable for a variety of professional uses. This location offers unparalleled visibility and high traffic volume, benefiting from its proximity to major tourist attractions. Businesses will thrive due to the close proximity to timeshares, vacation rentals, Heavenly Ski Resort, Zephyr Cove Beach & Resort, parks, and casinos. The high-traffic location on Highway 50 provides excellent exposure to traffic traveling between South Lake Tahoe and North Lake Tahoe, Carson City, and Reno. A significant advantage is the convenient location above Toast Tahoe, a popular restaurant. The monthly lease rate is $1,000. One suite is currently available.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1977
Total area
6,562 SF
Lot
0.44 ac (19,166 SF)
APN
1318-10-417-051
UPID
US62-0902921
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
-
Suncoast Awning Building Supply Hardware & Home Improvement
-
Inclusive Excursions Travel Agency
-
Toast - Indian & Asian Fusion Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.35M
Owner & transaction history
605 Hwy 50 LLC · 4 yrs held
605 Hwy 50 LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
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 Zephyr Cove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zephyr Cove 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
$925,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10% · vs last sale $1.65M (Jan 11 2022)
Last sale anchor
$1.65M
Jan 11 2022
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
$205 / 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
$7,943
Tax year 2024
Assessed value
$252,839
Assessed 2024
Previous assessed
$240,729
+5.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$81,200
Assessed improvement
$171,639
Land market value
$232,000
Improvement market value
$490,397
Total market value
$722,397
Applied tax rate
170.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1977
Heating
NONE
Stories
2
Total area
6,562 SF
Lot
0.44 ac (19,166 SF)
APN
1318-10-417-051
UPID
US62-0902921
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
605 Hwy 50 LLC
Entity
Mailing address
2360 SHASTA WAY STE F, SIMI VALLEY, CA 93065-1800
Ownership since
2022
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
Jan 11, 2022
$1,650,000
605 Hwy 50 LLC
Michael Graf
Bargain And Sale Deed
$870,000 · Plumas Bank
Jan 11, 2022
—
Robin Schiller
Gregory John Schiller
Intrafamily Transfer
related
—
Aug 20, 2018
—
Michael Graf
Graf Alexander N 2009 Trust
Quit Claim Deed
related
—
Mar 20, 2012
—
Evan Dailey
Graf,alexander N
Affidavit Of Death
related
—
Nov 30, 2009
—
Graf Alexander N 2009 Trust
Graf,alexander N
Quit Claim Deed
related
—
Aug 22, 2000
$540,000
Alexander N
Timberline INC
Grant Deed
$405,000 · Us Bank NA
Nov 28, 1995
$400,000
Timberline INC
Eleanor K Brown Trustee
Grant Deed
$300,000 · Seller
—
—
Graf Alexander N 2009 Trust
—
Deed Of Trust
related
$320,000 · Morris O Dailey
—
—
Alexander N
—
Deed Of Trust
related
$487,500 · Us Bank NA
—
—
Graf Alexander N 2009 Trust
—
Deed Of Trust
related
$328,277 · Us Bank NA
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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