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    Property profile & analytics

    6149 Paradise, CA 95969

    • Commercial real estate
    • 900 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6149

    Year built
    1900
    Lot size
    0.54 lot acres
    Property size
    900 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.54-acre commercial lot in Paradise, CA, presents a unique investment opportunity. Situated on Skyway, Paradise's main thoroughfare, this property boasts high visibility and significant traffic flow. Previously occupied by a restaurant, the site offers convenient paved access directly from Skyway and includes a substantial paved parking area at the rear. The 900 square foot building footprint offers flexibility for various commercial uses. The paved rear portion of the lot provides ample space and convenient access, extending to paved areas connecting to Honey Run Road. This property is ideally suited for a diverse range of businesses, including food trucks, equipment storage for ongoing town redevelopment projects, or a custom-built office space. The seller is open to considering a variety of commercial uses, subject to zoning regulations. This prime location in a revitalizing community offers an unparalleled chance to establish a thriving business. The property's strategic placement on Skyway ensures maximum exposure and accessibility, making it an attractive proposition for entrepreneurs and investors alike. Don't miss this opportunity to secure a prominent location in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Butte
    State
    California
    Longitude
    -121.597
    Latitude
    39.755

    Comparable in this City

    • Value Estimation
      $280,000
      0.22 Acres

      6146 Ctr St

      COMMERCIAL (GENERAL) • 0.22 Acres
      6146 Ctr St, Paradise, CA 95969
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    • Value Estimation
      $290,000
      0.71 Acres

      6044 Clark Rd

      COMMERCIAL (GENERAL) • 0.71 Acres
      6044 Clark Rd, Paradise, CA 95969
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    • Value Estimation by Request
      0.57 Acres

      Paradise, CA 95969

      COMMERCIAL (GENERAL) • 0.57 Acres
      Paradise, CA 95969
      View Details
    • Value Estimation by Request
      0.84 Acres

      7300 Skyway

      Land • 0.84 Acres
      7300 Skyway, Paradise, CA 95969
      View Details
    • Value Estimation by Request
      2,281 SF

      7668 Skyway

      Commercial real estate • 2,281 SF
      7668 Skyway, Paradise, CA 95969
      View Details
    • Value Estimation
      $230,000
      1,560 SF

      800 Elliott Rd

      COMMERCIAL (GENERAL) • 1,560 SF
      800 Elliott Rd, Paradise, CA 95969-3916
      View Details

    Similar Nearby for Sale

    • $399,000
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      ample parking areas

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    Similar Nearby for Lease

    • $11 SF/Yr
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      Paradise Plaza Anchor Retail Center

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    • $1,425 /Mo
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      Prime Retail/Office Space Available

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    • $0.85 SF/Yr
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      Paradise Retail Center Space Available

      Retail spaces available in Paradise's dominant shopping center.
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    • $475 /Mo

      RV Park Space in Paradise, CA

      RV parking spaces for rent in central Paradise, California.
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    • $6,000 /Mo
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      Freestanding Retail Building in Paradise

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      Retail Space in Paradise Center

      Grocery-anchored shopping center space available for lease.
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      View Details
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    6149
    Paradise, CA 95969
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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.

    More about this property
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