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    Lake Tahoe Hotel Development Opportunity Title is generated by Realmo AI

    8626 N Lake Boulevard, Kings Beach, CA 96143

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    For Sale
    $12,000,000

    COMMERCIAL - Kings Beach, CA

    Lot size:
    0.43 Acres
    Added:
    Dec 28, 2024
    Days on Market:
    519
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 8626 N Lake Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    090134024
    Lot size
    0.43 Acres

    We can help!

    Listing Contact
    Dave Hanczarek

    Listing agent Dave Hanczarek

    Listing office Dickson Realty 11836 Donner Pass Road, Truckee, CA

    Listing date Dec 28, 2024

    MLS# 20250028 Listing URL

    Copyright © 2026 Tahoe Sierra Board of Realtors®. 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 Lake Tahoe location in Kings Beach Downtown revival area.
    • Approved architectural plans for a 30‑unit hotel with 21 hotel rooms and 9 CondoTel units (short‑term rental capability).
    • Rooftop terrace restaurant/bar with lake views.
    • Proximity to County Beach and proposed Ferry Landing Dock.
    • First floor Retail/Restaurant space.
    • State/County agreement for TOT fees rebate providing a revenue stream.

    Overview

    This property presents an opportunity for ownership of a prime location on Lake Tahoe in Kings Beach. The project, close to final approvals, has architectural plans approved for a 30-unit hotel. The hotel includes 21 hotel rooms and 9 CondoTel units available for sale with short-term rental capability. The design features first-floor retail and restaurant space, a three-story hotel, and a rooftop terrace restaurant and bar with lake views. The property is next to the county beach and in proximity to the proposed and approved Ferry Landing Dock. Recent hotel property purchases highlight the value of this project, offering a unique location with the ability to build a contemporary style hotel with modern amenities. A state and county agreement to provide a revenue stream through TOT fees rebate is in place. The collaboration with the State of California and Placer County provides a path to success for this project. The property is located at 8626 N Lake Boulevard, Kings Beach, CA 96143, in Placer County. The lot size is 0.4304 acres.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Kings Beach
    County
    Placer
    State
    California
    Longitude
    -120.021485
    Latitude
    39.235392

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    FAQs

    What type of property is this?
    Hotel - Prime Kings Beach location approved for 30-unit hotel development.
    Where is this hotel located?
    The property is located at 8626 N Lake Boulevard Kings Beach, CA.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Prime Lake Tahoe location in Kings Beach Downtown revival area.; Approved architectural plans for a 30‑unit hotel with **21 hotel rooms and 9 CondoTel units (short‑term rental capability).**; **Rooftop terrace restaurant/bar with lake views.**
    (530) 587-7444
    We can help!
    Listing Contact
    Dave Hanczarek
    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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