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    Property profile & analytics

    Lake Tahoe, CA 96150

    • Industrial properties
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4749204
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for Lake

    Lot size
    0.23 lot acres
    Zone code
    R1
    Property type
    Industrial properties
    APN
    021-331-024-000
    APU
    21331024000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -120.056
    Latitude
    38.8884
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,336
    $2,180
    $26,103
    $28,283
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $235,000
      1.25 Acres

      1084 Shakori Dr

      INDUSTRIAL (GENERAL) • 1.25 Acres
      1084 Shakori Dr, South Lake Tahoe, CA 96150
      View Details
    • Value Estimation
      $615,000
      5,412 SF

      2140 Ruth Ave

      INDUSTRIAL (GENERAL) • 5,412 SF
      2140 Ruth Ave, South Lake Tahoe, CA 96150-4330
      View Details
    • Value Estimation
      $315,000
      20,000 SF

      1620 Shop St

      INDUSTRIAL (GENERAL) • 20,000 SF
      1620 Shop St, South Lake Tahoe, CA 96150
      View Details
    • Value Estimation
      $250,000
      3,540 SF

      920 Eloise Ave

      INDUSTRIAL (GENERAL) • 3,540 SF
      920 Eloise Ave, South Lake Tahoe, CA 96150-6468
      View Details
    • Value Estimation
      $285,000
      6,240 SF

      902 Eloise Ave

      INDUSTRIAL (GENERAL) • 6,240 SF
      902 Eloise Ave, South Lake Tahoe, CA 96150
      View Details
    • Value Estimation by Request

      1234 San Bernardino Ave

      Manufacturing properties
      1234 San Bernardino Ave, South Lake Tahoe, CA 96150
      View Details

    Similar Nearby for Sale

    • $1,500,000
      1.18 Acres

      South Lake Tahoe Industrial Property

      1.18-acre industrial property with residential units in South Lake Tahoe.
      2140 Us Highway 50, South Lake Tahoe, CA 96150
      View Details
    • $2,142,000
      2,046 SF

      South Lake Tahoe Industrial Investment

      6% Cap Rate, NNN Leased, 20-Year Term
      2614 Sussex Ave, South Lake Tahoe, CA 96150
      View Details
    • $3,250,000
      6,500 SF

      1630 Shop St

      Distribution properties • 6,500 SF
      1630 Shop St, 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
    • $3,250,000
      6,500 SF

      South Lake Tahoe Marine Business

      State-of-the-art marine repair and storage facility with established business.
      1630 Shop St, South Lake Tahoe, CA 96150
      View Details
    • $1,588,000
      4,220 SF

      Commercial Property with Development Flexibility

      Multi-tenant property with stable income and future upside.
      2205 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details

    Similar Nearby for Lease

    • $4,375 /Mo

      Warehouse with Yard and Office

      Warehouse space with yard, office, and mezzanine available for rent.
      2121 James Ave, South Lake Tahoe, CA 96150
      View Details
    • $2.00 SF/Yr

      South Lake Tahoe Warehouse Facility

      9,852 sq. ft. industrial/warehouse facility with multiple docks.
      1746 D St, South Lake Tahoe, CA 96150
      View Details
    • $1.50 SF/Yr
      12,760 SF

      Warehouse Space with Loading Docks

      Warehouse space featuring loading docks, office, and restroom.
      1606 Shop St, South Lake Tahoe, CA 96150
      View Details
    • $2 SF/Yr
      3,750 SF

      Retail and Warehouse Space Available

      Retail building with warehouse and storage in South Lake Tahoe.
      2719 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
    • Contact for pricing
      4,800 SF

      Warehouse Space with Loading Doors

      Warehouse space available for rent in South Lake Tahoe.
      2071 Dunlap Dr, South Lake Tahoe, CA 96150
      View Details
    • $69 SF/Yr
      6,353 SF

      South Lake Tahoe Retail Spaces

      Prime Lake Tahoe location, multiple units available.
      4101 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
      View Details
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    Tahoe, CA 96150
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    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
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