Mixed-Use Restaurant
For Sale
$4,900,000
8791 North Lake Boulevard, Kings Beach, CA 96143
Commercial Sale, Other - Kings Beach, CA
Property Size6,172 SF
Lot Size0.38 Acres
Price / SF$793.91
Days on Market43
Property Features for 8791 North Lake Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Paved or Surfaced
Interior features
Elevator
Exterior features
Other
Accessibility
Accessible Elevator Installed
Subdivision
North LakeTahoe
View
Lake, Mountain
Directions
Directly on the Main Highway
Standard status
Active
APN
090192056000
Size
6,172 SF
Lot size
0.38 Acres
Building Details
Floors in Building
2
Architectural style
Other
Listing Agency:
Engel & Völkers Truckee
(530) 670-0018
Listed By:
Bruce Soli
(530) 670-0018
Added: Jul 2
Changed: Jul 15
Last Checked: Aug 13 at 10:06AM
MLS# 20260355
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.
Investment Insights
Based on property information with market context.
Located at 8791 North Lake Boulevard in Kings Beach, this 6,172-square-foot mixed-use commercial property was formerly home to Caliente Restaurant. The building includes approximately 4,237 square feet on the ground floor configured for restaurant operations, with a fully equipped commercial kitchen (prep, cook, and dishwashing stations), a wait station, break area, restrooms, and a large bar and dining area. The property also features a spacious second-floor deck of approximately 1,935 square feet with access via both elevator and stairs.
The deck is built for outdoor hosting, with large umbrellas, patio heaters, a tiki, a wood bar with decorative tile accents, distinctive lighting fixtures, and glazed tile flooring. The property sits on a 0.38-acre parcel and includes 22 on-site parking spaces, with additional convenient street parking directly in front.
Restaurant fixtures, furniture, and equipment are included, supporting a turnkey path for the next concept. Mixed-use zoning provides flexibility for potential alternative uses within the existing property framework.
The deck is built for outdoor hosting, with large umbrellas, patio heaters, a tiki, a wood bar with decorative tile accents, distinctive lighting fixtures, and glazed tile flooring. The property sits on a 0.38-acre parcel and includes 22 on-site parking spaces, with additional convenient street parking directly in front.
Restaurant fixtures, furniture, and equipment are included, supporting a turnkey path for the next concept. Mixed-use zoning provides flexibility for potential alternative uses within the existing property framework.
Key Highlights
- 6,172 sq ft mixed‑use commercial building formerly home to Caliente Restaurant in Kings Beach on North Lake Blvd
- About 4,237 sq ft ground‑floor space built for restaurant operations, including fully equipped commercial kitchen and bar/dining area
- 1,935 sq ft second‑floor deck with elevator access and stairs, plus umbrellas, patio heaters, tiki feature, and wood bar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$162,556
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,251,120
$3.3M
Cap Rate 7%
$2,322,229
$2.3M
Cap Rate 9%
$1,806,178
$1.8M
Market Conditions
NOI Build-Up for 6,172 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$229.6K $37.20/SF
− Vacancy
−$12.9K −$2.08/SF
EGI
$216.7K $35.12/SF
− OpEx
−$54.2K −$8.78/SF
NOI
$162.6K $26.34/SF
Area
Placer County, CA
Vacancy
5.60%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,251,120
Cap Rate 7%
$2,322,229
Cap Rate 9%
$1,806,178
Alternative Uses
Best Use
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,556 @ 7.0% cap · market cap 3.32%
Second Best
Retail
$1.71M
$1.50M – $2.00M
NOI $119,982 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,255 @ 7.0% cap · market cap 3.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
7-Eleven
Shops & Services
6,633 visits/mo
0.3 miles
SUBWAY
Dining
1,340 visits/mo
0.2 miles
BMO Harris Bank
Shops & Services
671 visits/mo
0.5 miles
Demographics for 96143, CA
3,965
Population
2,824
Households
1.4
Avg Household Size
37
Median Age
34%
College-Educated
77%
High-School Grad
9.2 sq mi
ZIP Area
431
Density / Sq Mi
$65,841
Median Household Income
$34,120
Median Earnings
$1,232
Median Rent
$714,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Mixed-use property formerly operated as a restaurant with an equipped commercial kitchen and a large second-floor deck.
Where is this conventional restaurant located?
The property is located at 8791 North 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: 6,172 sq ft mixed‑use commercial building formerly home to Caliente Restaurant in Kings Beach on North Lake Blvd; About 4,237 sq ft ground‑floor space built for restaurant operations, including fully equipped commercial kitchen and bar/dining area; 1,935 sq ft second‑floor deck with elevator access and stairs, plus umbrellas, patio heaters, tiki feature, and wood bar
