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Property profile

985 Park Ave South Lake Tahoe, CA 96150

FOR LEASE
Hotels
Property ID
US09-2460799
4,440 SF 0.35 ac lot Built 1958
Last sale Feb 1984 · $40,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Black Jack Inn, a 4,440 square foot, two-story hotel located at 985 Park Ave, South Lake Tahoe, CA 96150, presents a unique investment opportunity. This single-tenant property sits on a 15,246 square foot lot and boasts 22 rooms, all nonsmoking, and a 24-hour front desk. Built in 1958, the property is zoned TC and features 24 parking spaces. Its prime location at the California/Nevada border offers easy access to numerous attractions. A short three-minute walk leads to Heavenly Village,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$985k
Assessed land$239k
Assessed improvement$746k
Effective rate1.11%

Value estimate

· Oct 2026
$450k
$405k – $495k
AI approach$285k
NOI build-up
Gross scheduled income$67k
Vacancy & credit loss−$9k
Operating expenses−$30k
NOI · 123.38% cap applied$27k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$319/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$184 – $452

Cap rate analysis

How does the asset earn?
123.38%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TC
JurisdictionEL DORADO

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.9
Plumbing Service8.9
Furniture Store8.7

Location

985 Park Ave South Lake Tahoe, CA 96150
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
953 Park, South Lake Tahoe, CA 96150-6939 $1,900,000 Aug 2025 5,132 SF
4085 Pne, South Lake Tahoe, CA 96150-7084 $465,000 Mar 2025 3,820 SF
3918 Pioneer, South Lake Tahoe, CA 96150-8810 $3,140,000 Mar 2024 5,294 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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