Paradise Live-Work Development
For Sale
$385,000
8941 Skwy, Paradise, CA 95969
2.55 acres with commercial shop and residential potential.
Property Size2,725 SF
Lot Size2.55 Acres
Price / SF$141.28
Days on Market183
Property Features for 8941 Skwy
General Information
Standard status
Active
Size
2,725 SF
Lot size
2.55 Acres
Property subtype
Commercial
Building Details
Building Size
2,725 SF
Listing Agency:
American Homes and Land
Listed By:
Warren Bullock · License #01392581
(530) 680-7898
Source:
Elliman
Added: Apr 27
Changed: Oct 25
Last Checked: Jul 16 at 9:20AM
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 Paradise Irrigation District (PID) water account, mostly level building areas, and views of Little Butte Creek Canyon, offering flexibility for development, expansion, or a live-work lifestyle. The property is adjacent to a 0.4-acre parcel also available separately, offering nearly 3 acres of combined opportunity. The location provides access to new schools, upgraded community infrastructure, and main roads, balancing convenience with a semi-rural setting. The Paradise Recreation Trail is nearby, offering opportunities for walking and biking, along with hiking, rivers, lakes, boating, and camping. The area is suitable for homesteading, gardening, and enjoying nature. The location is ideal for entrepreneurs, developers, or those 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, fenced parking, and high‑visibility street frontage.**
- Active Paradise Irrigation District (PID) water account and mostly level building areas on residential parcels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,591
Cap Rate
7.17%
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 19.46%
Second Best
Retail
$909.3K
$795.6K – $1.06M
NOI $63,650 @ 7.0% cap · market cap 16.53%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,659 @ 7.0% cap · market cap 23.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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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 potential.
Where is this mixed-use property located?
The property is located at 8941 Skwy Paradise, CA.
What is the asking price?
The asking price for this property is $385,000.
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, fenced parking, and high‑visibility street frontage.**; Active Paradise Irrigation District (PID) water account and mostly level building areas on residential parcels.
