Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Usable Paradise Lot with Utilities Title is generated by Realmo AI

    494 Eldredge Drive, Paradise, CA 95969

    View on Map
    Claim this Listing
    For Sale
    $37,500

    0.73 acre lot with active water and electricity.

    Added:
    Jul 16, 2025
    Days on Market:
    323
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 494 Eldredge Drive

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    BRIAN VOIGT

    Listing agent BRIAN VOIGT

    Listing office RE/MAX HOME AND INVESTMENT

    Listing date Jul 16, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX HOME AND INVESTMENT

    HighLights

    • Usable .73 acre lot in desirable Lower Paradise location with a county feeling.
    • Water and metered PGE electricity are active on the property.
    • Septic leach field passed inspection in 2019 and is permitted for 3 bedrooms.
    • Property is ready for building with completed survey.
    • Zoned AR‑1 (Agriculture Residential) offering diverse usage options.
    • End of private road location provides peace and privacy.

    Overview

    This 0.73 acre lot is located in Lower Paradise, offering a county-like setting suitable for gardening. The property includes a completed survey, active water with backflow and working hose bibs, and metered PGE electricity mounted on a PGE-approved pedestal. A 1500-gallon holding tank, fenced garden area, and storage shed are also present. The septic system, installed in 1998, features a leach field that passed inspection on July 12, 2019, and a Paradise permit indicates it is designed for a 3-bedroom capacity. Situated at the end of a private road, the location provides a peaceful and private environment. Zoned AR-1, Agriculture Residential, the property offers various options compared to Town Residential zoning, making it suitable for a new Paradise resident looking to build.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Building Supply Kitchen & Bath Showroom Bar & Pub Electrical Service Computer & Electronic Repair Garden Center Tech Support Center Plumbing Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Butte
    State
    California
    Longitude
    -121.633
    Latitude
    39.7326

    Nearby Similar for Sale

    • $340,000
      3,600 SF

      Newer Industrial Building in Paradise

      Modern industrial building in a high-visibility location.
      7245 Clark, Paradise, CA 95969
      View Details
    • $399,900
      2,170 SF

      Paradise Office Building Redevelopment Opportunity

      Nearly 3-acre property with existing office building and redevelopment potential.
      6009 Pentz Rd, Paradise, CA 95969
      View Details
    • $129,000
      1,480 SF

      Paradise, CA Acreage with Potential

      9.62 acre parcel with potential for development in Paradise.
      5078 Wilderness Way, Paradise, CA 95969
      View Details
    • $485,000
      2,000 SF

      Two Homes on One Lot

      Two homes on a large lot in Paradise, CA.
      1483 E Dottie, Paradise, CA 95969
      View Details
    • $340,000
      3,600 SF

      Newer Industrial Building in Paradise

      Modern industrial building in high-visibility location, built in 2020.
      7245 Clark, Paradise, CA 95969
      View Details
    • $139,000

      Commercially Zoned Land in Paradise

      2.7 acre commercially zoned parcel with redevelopment potential.
      1573 Bille, Paradise, CA 95969
      View Details
    • $499,000
      7,764 SF

      Skyway Commercial Property For Sale

      Commercial property with retail and office space in Paradise, CA.
      6118 Skyway, Paradise, CA 95969
      View Details
    • $399,900
      2,170 SF

      Paradise, CA Development Opportunity

      Nearly 3 acres in Paradise, CA, zoned Community Services.
      6009 Pentz Road, Paradise, CA 95969
      View Details
    • $92,500

      Downtown Commercial Development Opportunity

      Three contiguous parcels in Paradise's downtown core.
      5655 Almond, Paradise, CA 95969
      View Details
    • $67,500

      Paradise Skyway Commercial Land Parcel

      Prime commercial land parcel in revitalizing Paradise, California.
      7874 Skwy, Paradise, CA 95969
      View Details
    • $399,900
      2,170 SF

      Paradise, CA Development Opportunity

      Nearly 3 acres in Paradise, CA, zoned for community services.
      6009 Pentz Road, Paradise, CA 95969
      View Details
    • $458,000
      1,000 SF

      Commercial

      7675 Skwy, Paradise, CA 95969
      View Details

    FAQs

    What type of property is this?
    Land - 0.73 acre lot with active water and electricity.
    Where is this land located?
    The property is located at 494 Eldredge Drive Paradise, CA.
    What is the asking price?
    The asking price for this property is $37,500.
    What are key features of this property?
    This property features: Usable .73 acre lot in desirable Lower Paradise location with a county feeling.; Water and metered PGE electricity are active on the property.; Septic leach field passed inspection in 2019 and is permitted for 3 bedrooms.
    We can help!
    Listing Contact
    BRIAN VOIGT
    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
    494 Eldredge Drive, Paradise, CA 95969
    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!