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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Hotels
920 Alameda Ave, South Lake Tahoe, CA 96150-7939
Individually Owned
21-yr Hold
Free & Clear
Property ID
US09-0269424
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1957
Construction
WOOD
Total area
5,844 SF
Lot
0.34 ac (14,810 SF)
Zoning code
HDR
APN
026-084-006-000
UPID
US09-0269424
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
$550k
Comparable Approach
Comparable
$443k
Blend (final)
Blend
$575k
Owner & transaction history
Payne,jeff B · 21 yrs held
Payne,jeff B
since 2005
7 recorded transactions
Zoning & alternative use
HDR · South Lake Tahoe, CA
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 South Lake Tahoe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Lake Tahoe 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%
$595,000
6.5%
$550,000
7%
$510,000
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
$98 / 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
$7,390
Tax year 2023
Assessed value
$667,500
Assessed 2023
Previous assessed
$667,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$220,000
Assessed improvement
$447,500
Applied tax rate
2.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Stories
2
Units
15
Bathrooms
15
Total area
5,844 SF
Lot
0.34 ac (14,810 SF)
Zoning code
HDR
APN
026-084-006-000
UPID
US09-0269424
Jurisdiction
EL DORADO
Zoning & alternative use
HDR · South Lake Tahoe, CA
Zoning HDR · permitted uses
HDR · South Lake Tahoe, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Lake Tahoe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Stories
2
Units
15
Bathrooms
15
Lot
0.34 ac
Current owner
From public records · entity-resolved
Payne,jeff B
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 5226, INCLINE VILLAGE, NV 89450-5226
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2005
—
Payne,jeff B
Chapman,gordon
Grant Deed
—
Jun 9, 2005
—
Payne,jeff
Payne,jeff
Quit Claim Deed
related
—
Mar 25, 2005
—
Payne,jeff B
Simon,martina A
Quit Claim Deed
related
—
Mar 25, 2005
$900,000
Jeff B Payne
Tahoe Pines LLC
Grant Deed
$600,000 · United Commercial Bank
Dec 1, 2000
$157,000
Tahoe Pines LLC
D F Properties
Grant Deed
related
$106,872 · Seller
Feb 1, 1999
—
D F Properties
Royce Investments
Grant Deed
related
—
Aug 20, 1998
$73,849
Royce Investments
Blank,michael A & Carmen M
Trustees Deed
—
Apr 24, 1998
—
Mad Properties INC
Dangelo,john
Grant Deed
related
—
Sep 20, 1996
—
Blank Trust
Blank Trust
Quit Claim Deed
related
—
Sep 20, 1996
$122,000
Dangelo,john
Blank,michael A & Carmen M
Trustees Deed
related
$15,000 · Individual
Nov 26, 1990
$423,000
Heritage Group 1
Whitney,harry R
Trustees Deed
—
—
—
Jeff B Payne
—
Deed Of Trust
related
$509,848 · Judy Payne
—
—
Michael A Blank
—
Deed Of Trust
related
$198,900 · Individual
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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