Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Tahoe Commercial Building Title is generated by Realmo AI

    8791 North Lake Boulevard, Kings Beach, CA 96143

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,500,000

    ICONIC RESTAURANT/RETAIL BUILDING BUSINESS OPPORTUNITY IN KINGS BEACH

    Property size:
    6,172 SF
    Price / SF:
    $891/SF
    Added:
    Jan 8, 2025
    Days on Market:
    498
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 8791 North Lake Boulevard

    General Information

    Standard status
    Active
    Property type
    Restaurants, Other retail properties, Other investment properties, Retail properties & Spaces, Investment properties
    Size
    6,172 SF
    Elevators
    N/A

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Ricci Rodriguez-elkins

    Listing agent Ricci

    Listing office

    Listing date Jan 8, 2025

    HighLights

    • Beautiful Views of Lake Tahoe
    • Move‑in Ready
    • Full Service Kitchen
    • 4,237 sf Main Floor
    • 1,935 sf Second Floor Deck
    • On‑Site Parking for 22 Cars

    Overview

    This commercial building in Kings Beach offers a total area of 6,172 square feet on a 0.38-acre lot. The property is suitable for various uses, including restaurant, retail, education, or event space. It features a full-service kitchen, a wood bar, decorative tile accents, and glazed tile flooring. A spacious 1,935 square foot second-floor deck provides views of Lake Tahoe. The main floor spans 4,237 square feet. The property has a total seating capacity of 305, with 180 seats inside and 125 on the deck. There are 22 parking spaces available, along with a secure trash enclosure. The sale includes most fixtures, furniture, and equipment, as well as a 600 kW natural gas generator. Located on Lake Boulevard, the property benefits from high visibility and easy access. Recent improvements in Kings Beach have enhanced the area, creating a pedestrian-friendly commercial center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    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

    Nearby Similar for Sale

    • $4,900,000
      6,172 SF

      Kings Beach Landmark Commercial Property

      Mixed-use commercial property in Kings Beach with restaurant infrastructure.
      8791 N Lake Boulevard, Kings Beach, CA 96143
      View Details
    • $4,900,000
      6,172 SF

      Kings Beach Mixed-Use Commercial Property

      Landmark 6,172 SF mixed-use property in Kings Beach, CA.
      8791 N. Lake Boulevard, Kings Beach, CA 96143
      View Details
    • $30,000,000

      Tahoe Sands Resort Redevelopment Opportunity

      7. 27 acres on Lake Tahoe's North Shore.
      6610 N Lake Boulevard, Kings Beach, CA 96148
      View Details
    • $1,550,000
      2,231 SF

      Mixed-Use Property in King's Beach

      2,230 SF mixed-use property in the heart of King's Beach.
      8106 N Lake Blvd, Kings Beach, CA 96143
      View Details
    • $5,500,000
      6,172 SF

      ICONIC RESTAURANT/RETAIL BUILDING IN KINGS BEACH

      Kings Beach commercial building with full kitchen and lake views.
      8791 North Lake Boulevard, Kings Beach, CA 96143
      View Details

    FAQs

    What type of property is this?
    Restaurant - ICONIC RESTAURANT/RETAIL BUILDING BUSINESS OPPORTUNITY IN KINGS BEACH
    Where is this 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 $5,500,000.
    What are key features of this property?
    This property features: Beautiful Views of Lake Tahoe; Move‑in Ready; Full Service Kitchen
    (775) 240-5143
    We can help!
    Listing Contact
    Ricci Rodriguez-elkins
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8791 North Lake Boulevard, Kings Beach, CA 96143
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!