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    Property profile & analytics

    6646 Clark Rd Paradise, CA 95969

    • Gas stations
    • 36,550 SF
    • 1.08 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Last Sale
    Jun 12, 2023
    Value Estimations
    $650,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2500677
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Paradise Plaza / Business Center / Shopping Mall
    • Big Lots / Discount Store / Furniture Store
    • Speedy Commercial Plumbing / Plumber
    • Perm ‘N’ Kuts / Barber Shop
    • P K's Haircare / Beauty Salon / Hair Salon

    Property Details for 6646 Clark Rd

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    1.08 lot acres
    Property size
    36,550 SF
    Zone code
    C2
    Property type
    Gas stations
    APN
    050-400-001-000
    APU
    50400001000

    Description

    This exceptional 34,043 square foot retail property, located at 6646 Clark Rd in Paradise, CA 95969, presents a unique investment opportunity. The center is the only grocery-anchored shopping center in Paradise to have survived a recent fire without damage, showcasing its robust construction and resilience. The property boasts a strong tenant mix, anchored by a Save Mart grocery store that recently underwent a significant $1.7 million interior and exterior remodel. This upgrade enhances the center's appeal and strengthens its position within the community. Additional tenants include popular and established businesses such as Mountain Mike's Pizza, T-Mobile, Subway, and Dollar Tree, providing a diverse and stable revenue stream. Situated in Butte County, this single-tenant retail center benefits from its location in Paradise, California, a rapidly growing city experiencing significant population expansion. The property's strategic location and established tenant base make it an attractive investment for those seeking a stable and high-performing retail asset in a thriving market. The center's survival of the fire and subsequent tenant improvements underscore its resilience and long-term potential. This is a rare opportunity to acquire a well-established, high-performing retail center in a dynamic and growing California community. The property offers significant upside potential given the ongoing growth of Paradise and the recent improvements made to the anchor tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Butte
    State
    California
    Longitude
    -121.589
    Latitude
    39.7771
    CBSA code
    17020
    CBSA name
    CHICO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,089
    $85,000
    $670,000
    $755,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $275,000
      0.19 Acres

      5370 Skwy Skyway

      SERVICE STATION WITH FOOD MART • 0.19 Acres
      5370 Skwy Skyway, Paradise, CA 95969-5627
      View Details
    • Value Estimation
      $275,000
      6,630 SF

      6184 Ctr St

      SERVICE STATION WITH FOOD MART • 6,630 SF
      6184 Ctr St, Paradise, CA 95969-3912
      View Details
    • Value Estimation by Request
      5.19 Acres

      American Way

      SERVICE STATION WITH FOOD MART • 5.19 Acres
      American Way, Paradise, CA 95969
      View Details
    • Value Estimation
      $500,000
      32,600 SF

      5821 Clark Rd

      SERVICE STATION WITH FOOD MART • 32,600 SF
      5821 Clark Rd, Paradise, CA 95969-4855
      View Details
    • Value Estimation
      $635,000
      42,500 SF

      5821 Clark Rd

      SERVICE STATION WITH FOOD MART • 42,500 SF
      5821 Clark Rd, Paradise, CA 95969-4855
      View Details
    • Value Estimation
      $265,000
      1,077 SF

      5792 Clark Rd, Unit B

      SERVICE STATION WITH FOOD MART • 1,077 SF
      5792 Clark Rd, Paradise, CA 95969-5156
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $1.59 SF/Yr
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      Retail Space in Paradise Center

      Grocery-anchored retail space available in Paradise, California.
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    • $11 SF/Yr
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      Paradise Plaza Anchor Retail Center

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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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    • $6,000 /Mo
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      Freestanding Retail Building in Paradise

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    • $1.49 SF/Yr
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      Retail Space in Paradise Center

      Grocery-anchored shopping center space available for lease.
      6616 Clark Rd, Paradise, CA 95969
      View Details
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    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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