Paradise Live-Work Development
8941 Skyway, Paradise, CA 95969
For Sale
$349,000
2.55 acres with commercial shop and residential development potential.
Property Size2,725 SF
Lot Size2.55 Acres
Price / SF$128.07
Days on Market250
Property Features for 8941 Skyway
General Information
Standard status
Size
Lot size
Listing Agency:
American Homes and Land
Listed By:
Chari Bullock, Warren Bullock · License #01426229
(530) 519-1844
Source:
Myfabuloushome
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 7 at 3:35PM
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 American Homes and Land
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Investment Insights
Based on property information with market context.
This 2.55-acre property in Paradise, California, offers a live-work and development opportunity. The property consists of three contiguous parcels, combining commercial and residential potential. One parcel includes a 2,725 square foot commercial shop with an office, previously used as a cabinet shop. It features infrastructure, fenced parking, and street frontage. The two residential parcels have a Paradise Irrigation District (PID) water account, mostly level building areas, and views of Little Butte Creek Canyon. This provides flexibility for development, expansion, or a live-work lifestyle. The property is centrally located with access to new schools, upgraded community infrastructure, and main roads, balancing convenience with a semi-rural setting. The location is near the Paradise Recreation Trail for walking and biking, as well as hiking, rivers, lakes, boating, and camping. The area is suited for homesteading, gardening, and enjoying nature. This property is suitable for entrepreneurs, developers, or anyone seeking a live-work property with versatility, visibility, and lifestyle appeal.
Key Highlights
- 2.55 acres of contiguous parcels offering combined commercial and residential potential.
- 2,725± sq ft commercial shop with office, solid infrastructure, and fenced parking.**
- Active Paradise Irrigation District (PID) water account and mostly level building areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,591
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,820
$551.8K
Cap Rate 7%
$394,157
$394.2K
Cap Rate 9%
$306,567
$306.6K
Market Conditions
NOI Build-Up for 2,725 SF
Gross rent
$49.1K $18.00/SF
− Vacancy
−$4.9K −$1.80/SF
EGI
$44.1K $16.20/SF
− OpEx
−$16.6K −$6.07/SF
NOI
$27.6K $10.13/SF
Area
Butte County, CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,820
Cap Rate 7%
$394,157
Cap Rate 9%
$306,567
Alternative Uses
Best Use
Office B
$1.07M
$936.4K – $1.25M
NOI $74,911 @ 7.0% cap · market cap 21.46%
Second Best
Mixed Use
$394.2K
$344.9K – $459.9K
NOI $27,591 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,659 @ 7.0% cap · market cap 25.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
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Business Placement
Demographics for 95969, CA
5,710
Population
3,908
Households
1.5
Avg Household Size
55
Median Age
30%
College-Educated
95%
High-School Grad
50.7 sq mi
ZIP Area
113
Density / Sq Mi
$72,250
Median Household Income
$47,969
Median Earnings
$1,244
Median Rent
$419,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 2.55 acres with commercial shop and residential development potential.
Where is this mixed-use property located?
The property is located at 8941 Skyway Paradise, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2.55 acres of contiguous parcels offering combined commercial and residential potential.; 2,725± sq ft commercial shop with office, solid infrastructure, and fenced parking.**; Active Paradise Irrigation District (PID) water account and mostly level building areas.
