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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Retail space
877 Tahoe Blvd Incline Village, NV 89451-9408
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-1218260
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,680 SF
Lot
0.29 ac (12,582 SF)
Zoning code
TA_IVC
APN
132-240-04
UPID
US62-1218260
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
-
Navellier & Associates Inc Law Firm
-
NuLeaf Lake Tahoe Dispensary (Bike/Boat/Book/etc) Store
-
Precision Drafting Solutions General Contractor
-
NuLeaf Lake Tahoe Cannabis Delivery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Nli Property LLC · 11 yrs held
Nli Property LLC
since 2015
7 recorded transactions
Zoning & alternative use
TA_IVC · Incline Village, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+59.6%
Medical building
$940,000
+29.5%
Auto repair, garage
$835,000
+15.6%
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 Incline Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Incline Village 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%
$1,070,000
6.5%
$990,000
7%
$915,000
Alternative Use
Use
Estimation
RETAIL STORES
$725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,155,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$940,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$271 / 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
$7,311
Tax year 2023
Assessed value
$212,427
Assessed 2023
Previous assessed
$182,473
+16.4% YoY
Effective rate
3.44%
On assessed value
Assessed land
$88,004
Assessed improvement
$124,423
Land market value
$251,440
Improvement market value
$355,495
Total market value
$606,935
Applied tax rate
5,200.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,680 SF
Lot
0.29 ac (12,582 SF)
Zoning code
TA_IVC
APN
132-240-04
UPID
US62-1218260
Jurisdiction
WASHOE
Zoning & alternative use
TA_IVC · Incline Village, NV
Zoning TA_IVC · permitted uses
TA_IVC · Incline Village, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Incline Village. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$835,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Nli Property LLC
Entity
Mailing address
PO BOX 777326, HENDERSON, NV 89077-7326
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2017
—
Nli Property LLC
—
Deed
related
$3,000,000 · Mtm Ventures LLC
Jul 13, 2017
—
Nli Property LLC
—
Deed
related
$1,200,000 · Mtm Ventures LLC
Apr 20, 2015
$795,000
Nli Property LLC
Boulevard Investment Group LLC
Grant Deed
—
Nov 15, 2004
$750,000
Boulevard Investment Group LLC
Newman,donna J
Grant Deed
—
Nov 15, 2004
—
Donna J Newman
Newman,george F JR
Affidavit Of Death
related
—
Nov 13, 1998
$425,000
George F Newman
Dowling,daniel K
Grant Deed
$57,758 · Asset Preservation
—
—
Nli Property LLC
—
Deed Of Trust
related
$795,000 · Nuleaf INC
—
—
Boulevard Investment Group LLC
—
Deed Of Trust
related
$680,000 · Bank Of America
—
—
Nli Property LLC
—
Loan Modification
related
$3,000,000 · Mtm Ventures LLC
—
—
Nli Property LLC
—
Loan Modification
related
$3,000,000 · Mtm Ventures LLC
—
—
Nli Property LLC
—
Deed Of Trust
related
$1,200,000 · Mtm Ventures LLC
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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