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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office Spaces
855 Lk Blvd, Tahoe City, CA 96145-2277
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6616538
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Construction
WOOD
Total area
3,282 SF
Lot
1 ac (43,560 SF)
Zoning code
GC
APN
094-130-001-000
UPID
US09-6616538
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
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$575k
Owner & transaction history
845 And 855 North Lake Investors Ll · 4 yrs held
845 And 855 North Lake Investors Ll
since 2021
4 recorded transactions
Zoning & alternative use
GC · Tahoe City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$950,000
+20.0%
Auto repair, garage
$880,000
+11.2%
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 Tahoe City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tahoe City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$795,000
Current use
OFFICE BUILDING
$950,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$880,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: -5% · Conversion: Easy
RETAIL STORES
$735,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$175 / 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
$14,729
Tax year 2024
Assessed value
$769,896
Assessed 2024
Previous assessed
$769,896
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$436,968
Assessed improvement
$332,928
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Construction
WOOD
Heating
NONE
Units
1
Total area
3,282 SF
Lot
1 ac (43,560 SF)
Zoning code
GC
APN
094-130-001-000
UPID
US09-6616538
Jurisdiction
PLACER
Zoning & alternative use
GC · Tahoe City, CA
Zoning GC · permitted uses
GC · Tahoe City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tahoe City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$795,000
OFFICE BUILDING
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$880,000
MEDICAL BUILDING
Est. value
$755,000
RETAIL STORES
Est. value
$735,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
Construction
WOOD
Heating
NONE
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
845 And 855 North Lake Investors Ll
Individual
Mailing address
506 SANTA CRUZ AVE STE #402, MENLO PARK, CA 94025-4377
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
$1,000,000
845 And 855 North Lake Investors Ll
Keith Tahoe Investments
Grant Deed
—
May 23, 1989
$500
Keith Tahoe Inv
Collins,wm P
Grant Deed
related
—
Oct 29, 1974
—
—
—
Grant Deed
related
—
—
—
Keith Tahoe Inv
—
Deed Of Trust
related
$460,000 · Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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