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Property profile & analytics
OFF-MARKET
Estimated value
$4,640,000
Hospitals
880 Alder Ave Incline Village, NV 89451-8215
Individually Owned
30-yr Hold
Free & Clear
Property ID
US62-0456901
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1981
Construction
WOOD
Total area
30,076 SF
Lot
3.36 ac (146,362 SF)
Zoning code
TA_IVC
APN
132-011-07
UPID
US62-0456901
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
-
Incline Village Community Hospital Hospital
-
Agre Roger S MD Physician
-
Lake Tahoe Medical Center Medical Clinic
-
Incline Health Center Medical Clinic
-
Marshall, Christel PA-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.01M
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$4.64M
Owner & transaction history
Tahoe Forest Hospital Destrict · 30 yrs held
Tahoe Forest Hospital Destrict
since 1996
3 recorded transactions
Zoning & alternative use
TA_IVC · Incline Village, NV
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 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%
$6,510,000
6.5%
$6,010,000
7%
$5,580,000
Blend value · Realmo final
$4.64M
Range $4.18M – $5.10M · ±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
$154 / 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
Assessed value
$1,772,629
Assessed 2023
Previous assessed
$1,619,872
+9.4% YoY
Assessed land
$491,776
Assessed improvement
$1,280,853
Land market value
$1,405,075
Improvement market value
$3,659,581
Total market value
$5,064,656
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Units
1
Total area
30,076 SF
Lot
3.36 ac (146,362 SF)
Zoning code
TA_IVC
APN
132-011-07
UPID
US62-0456901
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.
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
3.36 ac
Current owner
From public records · entity-resolved
Tahoe Forest Hospital Destrict
Individual
Free & Clear · 30 yrs held
Mailing address
PO BOX 759, TRUCKEE, CA 96160-0759
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 1996
$3,219,500
Tahoe Forest Hospital Destrict
First Trust National Assn
Quit Claim Deed
related
—
Apr 15, 1994
$3,740,000
L W Blake Memorial Fund INC
Lake Tahoe Medic
Trustees Deed
related
—
Apr 15, 1994
$3,000,000
Lake Tahoe Medical Center INC
Lakeside Communi
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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