Listing Agency: Engel & Volkers Truckee · Engel & Völkers T***@engelvoelkers.com Show Phone

Listed By: Bruce Soli Show Phone

Added: Aug 10 Changed: Oct 10 Last Checked: Oct 11 at 2:06PM

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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.

The 6,172-square-foot mixed-use property has 4,237 square feet on the ground level, with a restaurant-oriented layout that includes a commercial kitchen, prep and dishwashing stations, a wait area, bar, dining space, break area, and restrooms. Restaurant fixtures, furniture, and equipment are included. A 1,935-square-foot second-floor deck connects to the building by elevator and stairs and offers filtered views of Lake Tahoe. The deck has a wood bar, tiled flooring, umbrellas, patio heaters, and lighting features.

The property occupies 0.38 acres along North Lake Boulevard in Kings Beach. On-site parking accommodates 22 vehicles, with additional street parking directly in front. The property has mixed-use zoning.

Key Highlights

• 6,172 square feet on a 0.38‑acre parcel
• 4,237‑square‑foot ground floor and 1,935‑square‑foot second‑floor deck
• Commercial kitchen, bar, dining area, wait station, break area, and restrooms

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 (±1% cap)

NOI $162,556 @ 7.0% cap · market cap 3.32%

Second Best

Mixed Use

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,737 @ 7.0% cap · market cap 1.91%

Theoretical Best

Office A

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,255 @ 7.0% cap · market cap 3.41%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - An equipped commercial kitchen and restaurant furnishings are included with the property.

Where is this mixed-use property 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 square feet on a 0.38‑acre parcel; 4,237‑square‑foot ground floor and 1,935‑square‑foot second‑floor deck; Commercial kitchen, bar, dining area, wait station, break area, and restrooms