Mixed-Use Property with
For Sale
$4,900,000
8791 N Lake Boulevard, Kings Beach, CA 96143
Kings Beach, CA
Property Size6,172 SF
Lot Size0.38 Acres
Price / SF$793.91
Days on Market206
Property Features for 8791 N Lake Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
6,172 SF
Lot size
0.38 Acres
Amenities
commercial kitchen
bar
tiki-style bar
heaters
deck
Building Details
Year built
1936
Listing Agency:
Engel & Volkers Incline Village · Engel & Völkers
(775) 548-5110
Listed By:
Bruce Soli
(775) 298-5066
Added: Mar 23
Changed: Oct 10
Last Checked: Oct 14 at 10:06AM
MLS# 1018726
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.
At 8791 N. Lake Boulevard in Kings Beach, this mixed-use property contains 6,172 square feet on a 0.38-acre parcel. The 1936 building includes 4,237 square feet of ground-level restaurant space with a commercial kitchen, bar, dining area, fixtures, and equipment. The former Caliente Restaurant occupied the property.
An upstairs deck measures 1,935 square feet and includes a tiki-style bar and heaters, with filtered lake views. There are 22 on-site parking spaces. Mixed-use zoning supports a range of potential uses, including restaurant, retail, event, hospitality, or redevelopment use.
An upstairs deck measures 1,935 square feet and includes a tiki-style bar and heaters, with filtered lake views. There are 22 on-site parking spaces. Mixed-use zoning supports a range of potential uses, including restaurant, retail, event, hospitality, or redevelopment use.
Key Highlights
- 6,172‑square‑foot building on a 0.38‑acre parcel
- 4,237 square feet of ground‑level restaurant space
- Commercial kitchen, bar, dining area, fixtures, and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,556
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
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
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 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
Mixed Use
$1.34M
$1.17M – $1.56M
NOI $93,737 @ 7.0% cap · market cap 1.91%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor dining facilities include a commercial kitchen, bar, and dining area, with an upper-level deck.
Where is this mixed-use property 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: 6,172‑square‑foot building on a 0.38‑acre parcel; 4,237 square feet of ground‑level restaurant space; Commercial kitchen, bar, dining area, fixtures, and equipment included
