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Property profile & analytics
OFF-MARKET
Estimated value
$11,505,000
Hotels
9939 Whitecap Ln Kings Beach, CA 96143
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-8902430
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1938
Construction
WOOD
Total area
70,916 SF
Lot
3.31 ac (144,183 SF)
Zoning code
TC
APN
090-315-022-000
UPID
US09-8902430
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.51M
Owner & transaction history
Mh Tahoe Propco LLC · 3 yrs held
Mh Tahoe Propco LLC
since 2023
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
TC · Kings Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.7M
+328.4%
Neighborhood: shopping center
$13.2M
+218.7%
Office building
$11.9M
+186.8%
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 Kings Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kings Beach 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
$11,010,000
ML approach
$9,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$17,730,000
Change: +328% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,190,000
Change: +219% · Conversion: Difficult
OFFICE BUILDING
$11,870,000
Change: +187% · Conversion: Difficult
RETAIL STORES
$8,460,000
Change: +104% · Conversion: Difficult
RESTAURANT
$8,055,000
Change: +95% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,880,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$7,410,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$11.51M
Range $10.35M – $12.66M · ±10% · vs last sale $12.96M (Apr 5 2023)
Last sale anchor
$12.96M
Apr 5 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
$162 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$110,588
Tax year 2024
Assessed value
$10,302,000
Assessed 2024
Previous assessed
$10,302,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$9,588,000
Assessed improvement
$714,000
Applied tax rate
91.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1938
Construction
WOOD
Heating
NONE
Units
17
Total area
70,916 SF
Lot
3.31 ac (144,183 SF)
Zoning code
TC
APN
090-315-022-000
UPID
US09-8902430
Jurisdiction
PLACER
Zoning & alternative use
TC · Kings Beach, CA
Zoning TC · permitted uses
TC · Kings Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kings Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$17.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.2M
OFFICE BUILDING
Est. value
$11.9M
RETAIL STORES
Est. value
$8.5M
RESTAURANT
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.4M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1938
Construction
WOOD
Heating
NONE
Units
17
Lot
3.31 ac
Current owner
From public records · entity-resolved
Mh Tahoe Propco LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1800 WAZEE ST STE #200, DENVER, CO 80202-2526
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
—
Mh Tahoe Propco LLC
—
Deed
related
$75,000,000 · Bank Of California NA
Apr 5, 2023
$12,960,000
Mh Tahoe Propco LLC
Cn Hotel Holdings LLC
Grant Deed
—
Jan 10, 2018
—
Cn Hotel Holdings LLC
New Cal-neva Lodge LLC
Quit Claim Deed
related
—
Oct 2, 2014
—
New Cal-neva Lodge LLC
—
Grant Deed
related
$29,000,000 · Hall Ca-nv LLC
Jun 16, 2014
$16,364
New Cal Neva Lodge LLC
New Cal Neva Lodge LLC
Grant Deed
related
$11,000,000 · Truss Capital Partners LLC
Apr 18, 2013
—
New Cal-neva Lodge LLC
Canpartners Realty Holding Co
Grant Deed
—
Apr 21, 2009
$2,100,000
Canpartners Rlty Hldgs Co IV
Fidelity National Title Co
Trustees Deed
related
—
Feb 17, 2005
—
Namcal LLC
Cal Neva Lodge INC
Quit Claim Deed
$22,000,000 · Namco Capital Group INC
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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