Lake Tahoe Commercial
For Sale
$5,500,000
8791 North Lake Boulevard, Kings Beach, CA 96143
ICONIC RESTAURANT/RETAIL BUILDING BUSINESS OPPORTUNITY IN KINGS BEACH
Property Size6,172 SF
Price / SF$891.12
Days on Market637
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
Listed By:
Ricci Rodriguez-elkins
(775) 240-5143
Added: Jan 8, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Beautiful Views of Lake Tahoe
- Move‑in Ready
- Full Service Kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,556
Cap Rate
2.96%
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 2.96%
Second Best
Retail
$1.71M
$1.50M – $2.00M
NOI $119,982 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,255 @ 7.0% cap · market cap 3.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
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
