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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Hotels
661 Emerald Bay Rd, South Lake Tahoe, CA 96150-6502
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-2613878
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1957
Construction
WOOD
Total area
3,694 SF
Lot
1 ac (43,560 SF)
Zoning code
TC
APN
023-141-008-000
UPID
US10-2613878
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
-
Cakes By the Lake Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.85M
Owner & transaction history
Harpal S Gill · 4 yrs held
Harpal S Gill
since 2022
Last sale
$2.0M
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
$1,725,000
ML approach
$1,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $2.03M (May 27 2022)
Last sale anchor
$2.03M
May 27 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
$501 / 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
$22,071
Tax year 2023
Assessed value
$2,065,500
Assessed 2023
Previous assessed
$2,065,500
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$510,000
Assessed improvement
$1,555,500
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
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Units
7
Total area
3,694 SF
Lot
1 ac (43,560 SF)
Zoning code
TC
APN
023-141-008-000
UPID
US10-2613878
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.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Units
7
Lot
1 ac
Current owner
From public records · entity-resolved
Harpal S Gill
Individual
Mailing address
1949 CLOVER CT, PLEASANTON, CA 94588-8215
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$2,025,000
Harpal S Gill
Watermarc Tahoe LLC
Grant Deed
—
Feb 1, 2021
$1,715,000
Watermarc Tahoe LLC
661 Emerald Bay Road LLC
Grant Deed
$857,500 · Emerald Bay Road LLC
May 17, 2019
$840,000
661 Emerald Bay Road LLC
Nancy Brown Supplemental Trust
Grant Deed
$550,000 · Luther Burbank Savings
Aug 19, 2009
$105,000
Brown,nancy Trust
Plm Lender Services INC
Trustees Deed
related
—
Jul 2, 2009
—
Pacifica Group 49/ii
661 Emerald Bay Road Trust
Grant Deed
—
Jun 25, 2009
—
661 & 681 Emerald Bay Trust
Catron,linda S
Grant Deed
—
Nov 27, 2002
$1,250,000
Linda S Catron
Broche,seth O
Grant Deed
$900,000 · Redwood Mortgage Investors Vii
Mar 17, 1999
$200,000
Seth Broche
Cole,hal & Frances
Grant Deed
$162,200 · Seller
Jul 7, 1997
$382,500
Cole,hal & Frances
Dolan,tim & Vicki
Trustees Deed
$284,646 · Individual
Jul 7, 1997
—
Dolan,tim & Vicki
Fair,carl
Trustees Deed
related
—
Jan 9, 1997
$225,000
Tim Dolan
Rustic Mountain Inn
Trustees Deed
—
Dec 15, 1995
$625,000
Rustic Mountain Inn
Dolan,tim & Vicki
Grant Deed
$311,842 · Individual
—
—
Catron,linda S
—
Deed Of Trust
related
$930,000 · Brown Nancy Trust
—
—
Tim Dolan
—
Deed Of Trust
related
$289,646 · Individual
—
—
Catron,linda S
—
Deed Of Trust
related
$840,000 · Redwood Mortgage Investors Viii Redwood Mortgage Investors Viii
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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