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    Kings Beach Mixed-Use Commercial Property Title is generated by Realmo AI

    8791 N Lake Boulevard, Kings Beach, CA 96143

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    For Sale
    $4,900,000

    Mountain, Commercial Sale - Kings Beach, CA

    Property size:
    6,172 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $793/SF
    Added:
    Mar 23, 2026
    Days on Market:
    49
    Last Refresh:
    May 10 at 10:06 pm

    Property Features for 8791 N Lake Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    General Commercial
    Parking features
    Garage, Off Street
    Appliances
    Dishwasher, Freezer, Garbage Disposer, Microwave, Oven - Gas, Range, Range - Gas, Refrigerator, Refrigerator - Wine Storage, Washer
    Standard status
    Active
    APN
    090-192-056- 000
    Size
    6,172 SF
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1936
    Flooring type
    Tile
    Roof type
    Composition, Metal
    Architectural style
    Mountain

    We can help!

    Listing Contact
    Bruce Soli

    Listing agent Bruce Soli

    Listing office Engel & Völkers Incline Village 15425 Wedge Parkway,, Reno, CA

    Listing date Mar 23, 2026

    MLS# 1018726 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Kings Beach location on North Lake Tahoe's main corridor with excellent visibility.
    • Turnkey restaurant opportunity with a fully equipped 4,237 sq ft commercial kitchen, bar, and dining area.
    • Mixed‑use zoning allows for flexible potential: restaurant, retail, event, hospitality, or redevelopment.
    • Large 1,935 sq ft upstairs deck with filtered lake views, tiki bar, and heaters.
    • Ample on‑site parking with 22 spaces.
    • Significant 6,172 sq ft building size on a .38‑acre parcel.

    Overview

    Located in the heart of Kings Beach along North Lake Tahoe’s prime corridor, this 6,172 square foot mixed-use property presents an opportunity for commercial ownership. Situated on a 0.38-acre parcel, the property includes 22 on-site parking spaces and visibility on North Lake Boulevard. The building features 4,237 square feet of ground-level restaurant space, complete with a commercial kitchen, bar, dining area, and included fixtures and equipment. Upstairs, a 1,935 square foot deck offers filtered lake views, a tiki-style bar, heaters, and gathering space. The property's mixed-use zoning allows for flexible potential, including restaurant, retail, event, hospitality, or redevelopment uses. The property is located in Kings Beach, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Similar Places Nearby

    • Char-Pitt LLC — king Building, 8401 N Lake Blvd, Kings Beach, CA 96143
    • Bella Affair Catering — 22 NV-28, Crystal Bay, NV 89402

    Map

    City
    Kings Beach
    County
    Placer
    State
    California
    Longitude
    -120.052
    Latitude
    39.278

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      ICONIC RESTAURANT/RETAIL BUILDING IN KINGS BEACH

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      ICONIC RESTAURANT/RETAIL BUILDING IN KINGS BEACH

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    FAQs

    What type of property is this?
    Restaurant - Landmark 6,172 SF mixed-use property in Kings Beach, CA.
    Where is this restaurant located?
    The property is located at 8791 N Lake Boulevard Kings Beach, CA.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Prime Kings Beach location on North Lake Tahoe's main corridor with excellent visibility.; Turnkey restaurant opportunity with a **fully equipped 4,237 sq ft commercial kitchen, bar, and dining area.**; Mixed‑use zoning allows for flexible potential: restaurant, retail, event, hospitality, or redevelopment.
    (775) 298-5066
    We can help!
    Listing Contact
    Bruce Soli
    Learn More
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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.

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