Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    241 Fox Sparrow Dr, Unit 135 Portola, CA 96122

    Sponsored
    For Sale
    $85,000

    LAND - Portola, CA

    Lot size:
    0.66 Acres
    Days on Market:
    162
    Last Refresh:
    Feb 20 at 2:06 pm

    Property Features for 241 Fox Sparrow Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    S-1
    APN
    028-080-006
    Lot size
    0.66 Acres

    Utilities

    Utilities
    Water Available
    Water front features
    Pond

    We can help!

    Listing Contact
    Leah West
    Leah West

    GRAEAGLE ASSOCIATES, REALTORS (530) 836-1234

    Listing agent Leah West (530) 836-1234 License #01137168

    Listing date Sep 12, 2025

    MLS# 20240820

    Copyright © 2026 Plumas Association 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.

    Learn more

    Property Insight Report

    Overview

    Grizzly Ranch Homesite Opportunity

    This homesite offers the opportunity to build a custom home within the prestigious gated community of Grizzly Ranch. The property is very solar accessible with a southern exposure at the street, with views facing north. It features expansive views of the Grizzly Ranch Golf Course's 18th fairway, lake and lake house, covered bridge, surrounding mountains, and forests. Residents have access to amenities including a championship 18-hole golf course, clubhouse, seasonal swimming pool, year-round fitness center, hiking trails, and fishing in the stocked pond behind the Lake House or Big Grizzly Creek. The lot is located on a street surrounded by green fairways and homes. The lot size is 0.66 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Bar & Pub Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portola
    County
    Plumas
    State
    California
    Longitude
    -120.4183502
    Latitude
    39.84229889

    Nearby Similar for Sale

    • $200,000
      1,920 SF

      Historic Bank Club in Portola

      Established bar with licenses and parking in downtown Portola.
      190 Commercial St, Portola, CA 96122
      View Details
    • $245,000
      5,031 SF

      Versatile Mixed-Use Property in Portola

      Multi-use building with development potential in Old Town Portola.
      180 Pacific St, Portola, CA 96122
      View Details
    • $115,000
      900 SF

      189 Commercial St, Portola, CA 96122

      Retail properties • 900 SF
      189 Commercial St, Portola, CA 96122
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Dream homesite in exclusive Grizzly Ranch community.
    Where is this residential land & home lot located?
    The property is located at 241 Fox Sparrow Dr, Unit 135 Portola, CA.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - Expansive views of the 18th fairway, lake, lake house, covered bridge, mountains, and forests.; - Access to world-class amenities including a championship golf course, clubhouse, swimming pool, and fitness center.; - Located in the prestigious, gated Grizzly Ranch community.
    (530) 836-1234
    Request Owner's contact information
    241 Fox Sparrow Dr, Unit 135 Portola, CA 96122
    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.
    241 Fox Sparrow Dr, Unit 135
    Portola, CA 96122
    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
    241 Fox Sparrow Dr, Unit 135 Portola, CA 96122
    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

    We can help!
    Listing Contact
    Leah West
    Leah West
    Real Estate License ID: 01137168
    (530) 836-1234 (530) 913-1234
    Learn more
    Google sign-in failed. Please try again or use another login method.