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    66 Acres of Land in Paxton Title is generated by Realmo AI

    9342 Highway 89, Blairsden-Graeagle, CA 96103

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    Claim this Listing
    For Sale
    $329,000

    LAND - Paxton, CA

    Lot size:
    66.00 Acres
    Added:
    Oct 15, 2025
    Days on Market:
    221
    Last Refresh:
    May 23 at 7:06 pm

    Property Features for 9342 Highway 89

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Off Street, Paved or Surfaced
    Standard status
    Active
    APN
    005-070-001
    Lot size
    66.00 Acres

    Utilities

    Water front features
    Creek, Waterfront, River Front, Stream
    Water front
    1

    We can help!

    Listing Contact
    Jeannette Sasser
    Jeannette Sasser

    Listing agent Jeannette Sasser License #00921075

    Listing office MOHAWK VALLEY ASSOC, B 330 BONTA STREET SUITE #4, Blairsden-Graeagle, CA

    Listing date Oct 15, 2025

    MLS# 20251100 Listing URL

    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.

    HighLights

    • Potential for $28,000,000 in gold and other precious metals and gems within feet of the surface (based on a 2011 satellite imagery inspection).
    • 66 acres of land comprised of four parcels.
    • 21.19 acre parcel with Indian Creek frontage.
    • 6.43 acre parcel with Spanish Creek frontage near the Feather River.
    • 28.38 acre parcel with panoramic view of Indian Creek and existing pad, septic system, and water well from a previous home.
    • Proximity to the Feather River, Spanish Creek and Indian Creek, all known for gold panning.

    Overview

    This offering comprises four parcels of land, totaling 66 acres. One 28.38-acre parcel features a panoramic view of Indian Creek. Another 21.19-acre parcel includes frontage on Indian Creek. An additional 6.43-acre parcel offers frontage on Spanish Creek, near its confluence with the Feather River. The remaining 6.39-acre parcel overlooks Spanish Creek and the Feather River. According to a 2011 satellite imagery inspection, the properties may contain an estimated $28,000,000 in gold and other precious metals and gems near the surface. The Feather River, Spanish Creek, and Indian Creek have a history of gold panning. There are reports of a 7 lb. gold nugget being found downstream from this property. The 28.38 acre parcel previously had a home that burned in the Dixie fire. The property, located 600 feet above Highway 89, still has a pad, septic system, and water well overlooking Indian Creek. The parcels are located at 9342 Hwy 89, 9331 Hwy 89, 33430 Hwy 70 and 34473 Hwy 79 in Paxton, CA.
    Location Intelligence

    Current Use by Public Records

    Mining land & claims

    Map

    City
    Blairsden-Graeagle
    County
    Plumas
    State
    California
    Longitude
    -120.711
    Latitude
    39.7722

    FAQs

    What type of property is this?
    Mining land & claim - Four parcels of land totaling 66 acres in Paxton, CA.
    Where is this mining land & claim located?
    The property is located at 9342 Highway 89 Blairsden-Graeagle, CA.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Potential for **$28,000,000 in gold and other precious metals and gems** within feet of the surface (based on a 2011 satellite imagery inspection).; 66 acres of land comprised of four parcels.; 21.19 acre parcel with Indian Creek frontage.
    (530) 249-3130
    We can help!
    Listing Contact
    Jeannette Sasser
    Jeannette Sasser
    Real Estate License ID: 00921075
    Learn More
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    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.

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