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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Auto shops
8417 Speckled Ave Kings Beach, CA 96143
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7356067
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1957
Construction
WOOD
Total area
4,020 SF
Lot
0.17 ac (7,489 SF)
Zoning code
GC
APN
090-091-022-000
UPID
US09-7356067
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
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.24M
Owner & transaction history
North Tahoe Watersports INC · 4 yrs held
North Tahoe Watersports INC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
GC · Kings Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+7.9%
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
$980,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,080,000
Current use
OFFICE BUILDING
$1,165,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: -10% · Conversion: Moderate
MEDICAL BUILDING
$925,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$900,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.30M (Nov 2 2021)
Last sale anchor
$1.30M
Nov 2 2021
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
$308 / 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
$13,205
Tax year 2024
Assessed value
$998,784
Assessed 2024
Previous assessed
$998,784
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$364,140
Assessed improvement
$634,644
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Units
1
Total area
4,020 SF
Lot
0.17 ac (7,489 SF)
Zoning code
GC
APN
090-091-022-000
UPID
US09-7356067
Jurisdiction
PLACER
Zoning & alternative use
GC · Kings Beach, CA
Zoning GC · permitted uses
GC · Kings Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kings Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$970,000
MEDICAL BUILDING
Est. value
$925,000
RETAIL STORES
Est. value
$900,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1957
Construction
WOOD
Heating
NONE
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
North Tahoe Watersports INC
Entity
Mailing address
PO BOX 2723, KINGS BEACH, CA 96143-2723
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
—
North Tahoe Watersports INC
—
Deed
related
$1,000,000 · United States Small Business Admin
Nov 2, 2021
$1,300,000
North Tahoe Watersports INC
The Socotra Fund LLC
Grant Deed
$618,000 · Fred Grill 2000 Trust
Nov 19, 2020
$500,000
Socotra Fund LLC
Mortgage Lender Svcs INC|veeder View LLC
Foreclosure
related
—
Jul 25, 2018
$1,250,000
Veeder View LLC
Reasev LLC
Grant Deed
$200,000 · Karoukian E & H 1995 Tr (pt)
Mar 26, 1999
—
Jerry W Tippin
Tippin,janice E
Quit Claim Deed
related
—
Mar 26, 1999
$240,000
Reasev LLC
Patterson Trust
Trustees Deed
$70,000 · Patterson Trust
Jun 25, 1993
—
Patterson,trust
Tapco
Trustees Deed
related
—
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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