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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Office buildings
916 Southwood Blvd Incline Village, NV 89451-7419
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-1270039
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
4,520 SF
Lot
0.65 ac (28,203 SF)
Zoning code
TA_IVC
APN
132-232-09
UPID
US62-1270039
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
-
Rejuvenation Massage Alternative Medicine Practice Spa & Massage Center
-
Lake Tahoe Counseling Services Physician Medical Clinic
-
Pacific Advisors, LLC Financial Advisor
-
N&N Garage Door Repair General Contractor
-
Reese Kintz, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
916 Southwood Blvd LLC · 5 yrs held
916 Southwood Blvd LLC
since 2020
Last sale
$2.8M
7 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
$2,500,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.80M (Nov 9 2020)
Last sale anchor
$2.80M
Nov 9 2020
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
$598 / 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
$10,699
Tax year 2023
Assessed value
$523,926
Assessed 2023
Previous assessed
$479,954
+9.2% YoY
Effective rate
2.04%
On assessed value
Assessed land
$163,680
Assessed improvement
$360,246
Land market value
$467,657
Improvement market value
$1,029,273
Total market value
$1,496,930
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
2
Units
3
Total area
4,520 SF
Lot
0.65 ac (28,203 SF)
Zoning code
TA_IVC
APN
132-232-09
UPID
US62-1270039
Jurisdiction
WASHOE
Zoning & alternative use
TA_IVC · Incline Village, NVZoning 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
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
0.65 ac
Current owner
From public records · entity-resolved
916 Southwood Blvd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
985 FAIRWAY BLVD #4336, INCLINE VILLAGE, NV 89451-9006
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2020
$2,800,000
916 Southwood Blvd LLC
Waldman Investments INC
Grant Deed
—
Apr 22, 2015
—
Waldman Investments INC
Waldman Investments INC
Intrafamily Transfer
related
$1,359,593 · Umpqua Bank
Sep 28, 2005
—
Waldman Investments INC
G & C Properties Ltd
Grant Deed
related
—
Jun 30, 2005
$1,600,000
Walden Investments INC
G & C Properties Ltd
Grant Deed
$1,200,000 · Nevada Security Bank
Aug 31, 1995
$985,000
G & C Properties Ltd
Rodriguez,ernest S
Grant Deed
—
Aug 22, 1989
$580,000
Ernest S Rodriguez SR
Unknown
Grant Deed
—
—
—
G & C Properties Ltd
—
Deed Of Trust
related
$1,000,000 · C W Richards INC
—
—
Ernest S Rodriguez
—
Deed Of Trust
related
$150,000 · America California 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
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