New search
Property profile & analytics
FOR SALE
Retail space
8393 North Lake Blvd Kings Beach, CA 96143
Entity Owned
3-yr Hold
Property ID
US09-8900892
For Sale
1 / 28
$3,500,000
8393 North Lake Blvd, Kings Beach, CA 96143
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
WOOD
Total area
6,614 SF
Lot
0.39 ac (16,801 SF)
APN
090-075-014-000
UPID
US09-8900892
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.61M
Owner & transaction history
Tahoe Life LLC · 3 yrs held
Tahoe Life LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+74.4%
Office building
$1.9M
+29.6%
Auto repair, garage
$1.8M
+20.2%
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 Kings Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kings Beach 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
$1,355,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
$2,145,000
6.5%
$1,980,000
7%
$1,835,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,480,000
Current use
RESTAURANT
$2,580,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$1,915,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,775,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,600,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$1,520,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.75M (Dec 23 2022)
Last sale anchor
$1.75M
Dec 23 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
$243 / 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
$26,433
Tax year 2024
Assessed value
$1,785,000
Assessed 2024
Effective rate
1.48%
On assessed value
Assessed land
$765,000
Assessed improvement
$1,020,000
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1958
Construction
WOOD
Heating
NONE
Units
2
Total area
6,614 SF
Lot
0.39 ac (16,801 SF)
APN
090-075-014-000
UPID
US09-8900892
Jurisdiction
PLACER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1958
Construction
WOOD
Heating
NONE
Units
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Tahoe Life LLC
Entity
Mailing address
PO BOX 1208, KINGS BEACH, CA 96143-1208
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
—
The Socotra Fund LLC
—
Deed
related
—
Dec 23, 2022
$1,750,000
Tahoe Life LLC
The Socotra Fund LLC
Grant Deed
$1,620,000 · Socotra Reit I LLC
Nov 19, 2020
$500,000
Socotra Fund LLC
Mortgage Lender Svcs INC|veeder View LLC
Foreclosure
related
—
Aug 23, 2018
$2,050,000
Veeder View LLC
Rp Industrial Group LLC
Grant Deed
$1,800,000 · The Socotra Fund LLC
Dec 6, 2016
$1,800,000
Rp Industrial Group LLC
Brockway Lake LLC
Grant Deed
$1,260,000 · Plumas Bank
Dec 17, 2004
$1,050,000
Brockway Lake LLC
Cohen,martin A & Barbara M
Grant Deed
$682,500 · First National Bank
Jan 22, 1999
—
Martin A Cohen
Cohen,martin A & Barbara D
Quit Claim Deed
related
$330,000 · Placer Savings Bank
—
—
Martin A Cohen
—
Deed Of Trust
related
$90,000 · Individual
—
—
Martin A Cohen
—
Deed Of Trust
related
$25,000 · O Hara Trust
—
—
Martin A Cohen
—
Deed Of Trust
related
$150,000 · Individual
—
—
Brockway Lake LLC
—
Deed Of Trust
related
$999,900 · Plumas Bank
—
—
Cohen Martin A
—
Deed Of Trust
related
$6,000 · Tahoe Sands Resorts
—
—
Martin A Cohen
—
Deed Of Trust
related
$150,000 · Ohara Trust
—
—
Brockway Lake LLC
—
Deed Of Trust
related
$254,183 · Nevada Security Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
