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Property profile & analytics
FOR SALE
Hotels
947 Park Ave, South Lake Tahoe, CA 96150
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3366357
For Sale
1 / 40
$3,250,000
947 Park Ave, South Lake Tahoe, CA 96150
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1964
Construction
WOOD
Total area
7,119 SF
Lot
0.55 ac (23,958 SF)
Zoning code
TC
APN
029-064-006-000
UPID
US09-3366357
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
-
Adventure Stays LLC Vacation Rental Real Estate Agency
-
The Moose and Maple Lodge Hotel & Motel Bed & Breakfast
-
Adventure Stays Property Management Company Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$2.24M
Owner & transaction history
As Moose And Maple LLC · 5 yrs held
As Moose And Maple LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
TC · 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
$2,120,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,270,000
Current use
RESTAURANT
$1,945,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±10% · vs last sale $2.33M (Jun 25 2021)
Last sale anchor
$2.33M
Jun 25 2021
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
$315 / 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
$26,162
Tax year 2023
Assessed value
$2,426,718
Assessed 2023
Previous assessed
$2,426,718
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$572,220
Assessed improvement
$1,854,498
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
For Sale
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
22
Bathrooms
22
Total area
7,119 SF
Lot
0.55 ac (23,958 SF)
Zoning code
TC
APN
029-064-006-000
UPID
US09-3366357
Jurisdiction
EL DORADO
Zoning & alternative use
TC · South Lake Tahoe, CA
Zoning TC · permitted uses
TC · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.3M
RESTAURANT
Est. value
$1.9M
HOTEL/MOTEL Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
22
Bathrooms
22
Lot
0.55 ac
Current owner
From public records · entity-resolved
As Moose And Maple LLC
Entity
Mailing address
PO BOX 811, DIXON, CA 95620-0811
Ownership since
2021
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
Jun 21, 2023
—
As Moose And Maple LLC
—
Deed
related
$2,525,000 · John Richard Beltramo JR
Jun 25, 2021
$2,325,000
As Moose And Maple LLC
John Richard Beltramo JR
Grant Deed
$2,025,000 · Richard Beltramo
Oct 2, 2017
$1,800,000
John R Beltramo JR.
Jlin Investments INC
Grant Deed
$700,000 · Beltramo John & Teresa Tr (pt)
Jun 18, 2003
$328,000
Jlin Investments INC
Mark Twain Motel
Grant Deed
related
$123,500 · Jay M Patel
Jun 16, 1994
$575,000
Mark Twain Motel
Tillous,gratien
Grant Deed
$425,000 · Sonoma National Bank
—
—
Mark Twain Motel
—
Deed Of Trust
related
$25,000 · Us Small Business Admn
—
—
Gratien Tillous
—
Deed Of Trust
related
$250,000 · El Dorado Savings Bank
—
—
Gratien Tillous
—
Deed Of Trust
related
$55,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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