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Property profile & analytics
OFF-MARKET
Office buildings
923 Incline Way Incline Village, NV 89451-9765
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0343838
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
7,800 SF
Lot
1.15 ac (50,138 SF)
Zoning code
TA_IVC
APN
132-232-07
UPID
US62-0343838
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
-
Massage Tahoe Alternative Medicine Practice Spa & Massage Center
-
OverAchievers (OA is not offering direct to student scholarships as of 2020 Charitable Organization Social Service Agency
-
North Tahoe Limousine Limousine Service
-
Tahoe Blue Painting Painting Service General Contractor
-
Alpha One Watersports Kayak & Paddleboard Rental & Delivery Canoe & Kayak Rental Service Surf Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tahoe Immo LLC · 5 yrs held
Tahoe Immo LLC
since 2020
Last sale
$15.8M
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,604
Tax year 2023
Assessed value
$602,734
Assessed 2023
Previous assessed
$536,380
+12.4% YoY
Effective rate
3.42%
On assessed value
Assessed land
$267,088
Assessed improvement
$335,646
Land market value
$763,108
Improvement market value
$958,989
Total market value
$1,722,097
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
FLOOR/WALL FURNACE
Buildings
3
Stories
2
Units
3
Total area
7,800 SF
Lot
1.15 ac (50,138 SF)
Zoning code
TA_IVC
APN
132-232-07
UPID
US62-0343838
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
1980
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Buildings
3
Units
3
Lot
1.15 ac
Current owner
From public records · entity-resolved
Tahoe Immo LLC
Entity
Mailing address
PO BOX 3942, INCLINE VILLAGE, NV 89450-3942
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2020
—
Tahoe Immo LLC
Bear Ridge Developers LLC
Grant Deed
—
Dec 30, 1999
—
Bear Ridge Developers LLC
Lusvardi Trust
Trustees Deed
related
—
Sep 30, 1998
$1,037,000
Lusvardi Trust
Transglove Developers INC
Trustees Deed
$1,036,800 · Angres Trust
—
—
Ridge Developers Bear
—
Deed Of Trust
related
$1,036,800 · Decaptio Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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