Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    941 Emerald Bay Rd South Lake Tahoe, CA 96150
    Back to Search
    Property profile & analytics

    941 Emerald Bay Rd South Lake Tahoe, CA 96150

    View on Map
    • Commercial land
    For Sale
    $765,000
    View Listing →
    Vacant Parcel at "Y" Intersection For Sale
    $765,000

    Vacant Parcel at "Y" Intersection

    Vacant parcel with development rights and approved flexible design.

    941 Emerald Bay Rd, South Lake Tahoe, CA 96150
    View Listing
    Property ID
    US10-3125652
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 941 Emerald Bay Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Vacant parcel at the "Y" intersection including development rights; Parcel already has an approved flexible design format project by the City of SLT and TRPA for a mixed-used building or builder can design their own project, current plans include 7,604 sf total (Retail/restaurant 1st floor; Office 2nd floor; deluxe apartments 3rd floor); Additionally a small accent building housing and art studio and a loft apartment; Building is general purpose and designed for a certified Green Building. Property has TVAP CFA coverage = 6,170 sf with bonus of 1,434 banked CFA. As well as 1212 sf of Offsite Coverage

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -120.006237
    Latitude
    38.915412

    Comparable in this City

    • $425,000
      1.00 Acre

      South Lake Tahoe Acreage

      One-acre level lot near Highway 50 and Heavenly Ski Resort.
      1258 Emerald Bay Rd, South Lake Tahoe, CA 96150
      View Details
    • $1,175,000
      4,000 SF

      South Lake Tahoe Commercial Property

      Two-story building with vacant lot suitable for commercial use.
      3716 Osgood Ave, South Lake Tahoe, CA 96150
      View Details
    • $765,000

      Vacant Parcel with Development Rights

      Approved development parcel in Tahoe Valley with mixed-use potential.
      941 Emerald Bay Rd, South Lake Tahoe, CA 96150
      View Details
    • $245,000
      0.24 Acres

      South Lake Tahoe Build-Ready Land

      10,411 sq ft lot in South Lake Tahoe, CA.
      857 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $1,995,000

      Tourist Core Area Parcel

      Developable parcel in South Lake Tahoe's Tourist Core Area.
      965 Park Ave, South Lake Tahoe, CA 96150
      View Details
    • $285,000
      0.17 Acres

      Commercial Lot Near Lake Tahoe

      Vacant commercial lot near Lake Tahoe with development potential.
      1022 Fairway Ave, South Lake Tahoe, CA 96150
      View Details

    Similar Nearby for Sale

    • $1,175,000
      4,000 SF

      South Lake Tahoe Commercial Property

      Two-story building with vacant lot suitable for commercial use.
      3716 Osgood Ave, South Lake Tahoe, CA 96150
      View Details
    • $765,000

      Vacant Parcel with Development Rights

      Approved development parcel in Tahoe Valley with mixed-use potential.
      941 Emerald Bay Rd, South Lake Tahoe, CA 96150
      View Details
    • $245,000
      0.24 Acres

      South Lake Tahoe Build-Ready Land

      10,411 sq ft lot in South Lake Tahoe, CA.
      857 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $425,000
      1.00 Acre

      South Lake Tahoe Acreage

      One-acre level lot near Highway 50 and Heavenly Ski Resort.
      1258 Emerald Bay Rd, South Lake Tahoe, CA 96150
      View Details
    • $1,995,000

      Tourist Core Area Parcel

      Developable parcel in South Lake Tahoe's Tourist Core Area.
      965 Park Ave, South Lake Tahoe, CA 96150
      View Details
    • $285,000
      0.17 Acres

      Commercial Lot Near Lake Tahoe

      Vacant commercial lot near Lake Tahoe with development potential.
      1022 Fairway Ave, South Lake Tahoe, CA 96150
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      South Lake Tahoe Office Building

      Multi-tenant office building with highway frontage and signage.
      2311 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr

      Prime Retail Location in Tahoe

      High-traffic retail space in South Lake Tahoe's gateway location.
      2014-2062 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing

      Lake Tahoe Coworking Office Space

      Amenitized coworking space in South Lake Tahoe with mountain access.
      3079 Harrison Ave, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr

      Renovated Retail Center Near Lake Tahoe

      Centrally located retail center near Heavenly Ski Resort and Ski Run Marina.
      3668 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing

      Lake Tahoe Retail Space Available

      Retail space on main thoroughfare near Heavenly Village.
      4101 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
      7,168 SF

      South Lake Tahoe Office Building

      Multi-tenant office building with high visibility in South Lake Tahoe.
      2311 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    941 Emerald Bay Rd
    South Lake Tahoe, CA 96150
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    941 Emerald Bay Rd, South Lake Tahoe, CA, 96150
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!