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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Hotels
966 La Salle St South Lake Tahoe, CA 96150-6922
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2568478
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1964
Construction
WOOD
Total area
13,292 SF
Lot
0.46 ac (20,037 SF)
Zoning code
TC
APN
029-065-001-000
UPID
US10-2568478
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
-
Budget Inn Hotel & Motel
-
Budget inn At Heavenly Gondola Hotel & Motel
-
Budget INN At The Heavenly Gondola Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$750k
Owner & transaction history
Vijaykumar C Patel · 2 yrs held
Vijaykumar C Patel
since 2023
Last sale
$800,000
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
$750,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $800k (Oct 27 2023)
Last sale anchor
$800k
Oct 27 2023
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
$56 / 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
$11,982
Tax year 2023
Assessed value
$1,067,867
Assessed 2023
Previous assessed
$1,067,867
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$284,060
Assessed improvement
$783,807
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
1964
Construction
WOOD
Heating
NONE
Stories
3
Units
35
Bathrooms
35
Total area
13,292 SF
Lot
0.46 ac (20,037 SF)
Zoning code
TC
APN
029-065-001-000
UPID
US10-2568478
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.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
3
Units
35
Bathrooms
35
Lot
0.46 ac
Current owner
From public records · entity-resolved
Vijaykumar C Patel
Individual
Mailing address
966 LA SALLE ST, SOUTH LAKE TAHOE, CA 96150-6922
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
—
Vijaykumar C Patel
Vijaykumar C Patel
Intrafamily Transfer
related
—
May 22, 2013
—
Vijaykumar C Patel
Patel,rekha V
Quit Claim Deed
related
—
May 22, 2013
$800,000
Vijaykumar C Patel
Cal Deals LLC
Grant Deed
$615,000 · Santa Cruz County Bank
Feb 7, 2013
$650,000
Cal Deals LLC
National Ln Acquisitions Co
Grant Deed
—
Jan 16, 2013
$425,000
National Ln Acquisitions Co
First American Title Co
Trustees Deed
related
—
Jan 14, 2013
$425,000
National Ln Acquisitions Co
First American Title Co
Trustees Deed
related
—
Dec 1, 2005
$1,611,000
Tandel Brothers INC
Patel,manish T
Grant Deed
$1,200,000 · Heritage Bk/commerce
Jan 29, 2001
—
Kalpesh Shah
Shah,hetal
Quit Claim Deed
related
—
May 30, 2000
$1,000,000
Manish T Patel
Hammett,james A & D E
Grant Deed
$850,000 · Coast Commercial Bank
Jun 19, 1998
$500,000
James A Hammett
Patel,sarojben C & Cahturbhai S
Trustees Deed
—
Apr 2, 1991
$240,000
James A Hammett
Bermensolo,john
Grant Deed
related
—
—
—
Cal Deals LLC
—
Deed Of Trust
related
$4,500,000 · National Ln Acquisitions
—
—
Tandel Brothers INC
—
Deed Of Trust
related
$125,000 · Don Lewis
—
—
Tandel Brothers INC
—
Deed Of Trust
related
$75,000 · Harshika A Ved
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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