Your AI Navigator in Commercial Real Estate
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

    5447 Skyway, Unit Paradise Paradise, CA 95969

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $84,000

    High-visibility 0.69-acre commercial parcel with development potential.

    Property Features for 5447 Skyway

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Kandice Rickson
    Kandice Rickson
    Source: Corcoran

    Listing Agent: Kandice Rickson

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

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Land in Paradise

    This 0.69-acre commercial land parcel is located at the gateway to Paradise. Zoned Community Commercial, it features 152 feet of frontage on Skyway, a main thoroughfare. The property is situated south of Paradise Town Hall, placing it in a central location within the revitalizing community. Completed sidewalks and a turn lane facilitate access and visibility. The property offers the option, with Town of Paradise approval, to incorporate a residential component, such as a home of up to four bedrooms. This opens possibilities for a live/work space, a mixed-use design, or an investment that combines business with lifestyle. The property is suited for investors, developers, or business owners looking to develop at the entrance to Paradise.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Butte
    State
    California
    Longitude
    -121.6350329
    Latitude
    39.7482012

    Nearby Similar for Sale

    • $406,000
      1,827 SF

      Well-Maintained Duplex in Central Paradise

      Centrally located duplex with updated interiors and spacious outdoor area.
      1001 Brookwood Cir, Paradise, CA 95969
      View Details
    • $325,000
      1,640 SF

      Paradise Commercial Space For Sale

      Commercial property in Paradise, CA, suitable for retail or office.
      6268 Skyway, Paradise, CA 95969
      View Details
    • $2,800,000

      Paradise Multifamily Development Opportunity

      5.09 acres with MF zoning, potential for significant unit expansion.
      6118 Clark Rd, Paradise, CA 95969
      View Details
    • $1,999,000
      17,500 SF

      Equipped Manufacturing Facility in Paradise

      High-quality, fully-equipped manufacturing facility on 5 acres in Paradise, CA.
      958 Mckale Rd, Paradise, CA 95969
      View Details
    • $459,000
      2,170 SF

      Paradise Office Building on Acreage

      Commercial building with redevelopment potential in Paradise, California.
      6009 Pentz Rd, Paradise, CA 95969
      View Details
    • $2,800,000

      Paradise Multifamily Development Opportunity

      5.09 acres with potential for a large multi-unit complex.
      6118 Clark Rd, Paradise, CA 95969
      View Details
    • $649,000
      4,980 SF

      Unique Commercial Building For Sale

      Stand-alone 4,980 sqft commercial building built in 2007.
      6153 Center St, Paradise, CA 95969
      View Details
    • $410,000

      Versatile Land with Steel Shop

      27.5 acres suitable for livestock, agriculture, or equestrian purposes.
      Round Valley Ranch Rd, Paradise, CA 95969
      View Details
    • $1,999,000
      17,500 SF

      Equipped Manufacturing Facility in Paradise

      High-quality manufacturing facility on 5 acres in Paradise, CA.
      Mckale Rd, Paradise, CA 95969
      View Details
    • $265,000
      1,188 SF

      Newer Home in Welcoming Neighborhood

      Move-in ready home near outdoor recreation with potential for customization.
      5576 Heavenly Pl, Paradise, CA 95969
      View Details
    • $339,000

      Versatile Office Building with Solar

      2,730 sq ft office building with owned solar panels.
      6141 Center St, Paradise, CA 95969
      View Details
    • $121,000

      New Manufactured Home in Paradise

      New 2-bedroom, 2-bathroom manufactured home in all-ages community.
      6656 Pentz Rd, Paradise, CA 95969
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility 0.69-acre commercial parcel with development potential.
    Where is this commercial land located?
    The property is located at 5447 Skyway, Unit Paradise Paradise, CA.
    What is the asking price?
    The asking price for this property is $84,000.
    What are key features of this property?
    This property features: - Prime 0.69-acre commercial parcel with 152 feet of frontage on Skyway, a high-traffic road.; - Strategic location near Paradise Town Hall, placing it at the center of community activity and growth.; - Community-Commercial zoning allows for a variety of business ventures.
    (530) 872-5880
    Request Owner's contact information
    5447 Skyway, Unit Paradise Paradise, CA 95969
    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.
    5447 Skyway, Unit Paradise
    Paradise, CA 95969
    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
    5447 Skyway, Unit Paradise Paradise, CA 95969
    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
    Kandice Rickson
    Kandice Rickson
    Real Estate License ID: 01450316
    (530) 872-5880
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.