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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7020 Skyway Paradise, CA 95969

    • Office buildings
    • 4,560 SF
    • 0.55 lot acres
    For Sale
    View listing
    $365,000
    Last Sale
    May 24, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3273369
    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

    • Office buildings

    Property Details for 7020 Skyway

    Year built
    1977
    Lot size
    0.55 lot acres
    Property size
    4,560 SF
    Property type
    Office buildings
    APN
    052-040-088-000
    APU
    52040088000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $709,000
      Market price range: $383k - $1.03M
      AI Estimate
      $573,000
      Market price range: $260k - $725k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $690,000
      Current use
      RETAIL STORES
      $565,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Butte
    State
    California
    Longitude
    -121.618
    Latitude
    39.7645
    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
    $6,126
    $170,847
    $394,720
    $565,567
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      6319 Skwy Skyway

      OFFICE BUILDING • 0.11 Acres
      6319 Skwy Skyway, Paradise, CA 95969-4563
      View Details
    • Value Estimation by Request
      786 SF

      6161 Clark Rd Ste, Unit 1

      OFFICE BUILDING • 786 SF
      6161 Clark Rd Ste, Paradise, CA 95969-4164
      View Details
    • Value Estimation
      $1,285,000
      5,782 SF

      6332 Clark Rd

      OFFICE BUILDING • 5,782 SF
      6332 Clark Rd, Paradise, CA 95969-4146
      View Details
    • Value Estimation by Request
      1,524 SF

      6283 Clark Rd Ste, Unit 3

      OFFICE BUILDING • 1,524 SF
      6283 Clark Rd Ste, Paradise, CA 95969-4100
      View Details
    • Value Estimation
      $1,130,000
      20,726 SF

      7050 Skwy Skyway

      OFFICE BUILDING • 20,726 SF
      7050 Skwy Skyway, Paradise, CA 95969-3900
      View Details
    • Value Estimation by Request
      2,262 SF

      1007 Bille Rd

      OFFICE BUILDING • 2,262 SF
      1007 Bille Rd, Paradise, CA 95969-3319
      View Details

    Similar Nearby for Sale

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      Paradise Office Building For Sale

      Large office building with high visibility in Paradise, California.
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      4,980 SF

      Unique Commercial Building For Sale

      Stand-alone 4,980 sqft commercial building built in 2007.
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    • $339,000

      Versatile Office Building with Solar

      2,730 sq ft office building with owned solar panels.
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    • $625,000
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      Prime Paradise Office Complex

      Three Suites, 8,845 SF, $625,000
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    • $649,000
      4,980 SF

      Paradise Office Building - Prime Location

      Spacious office, high-end features, 0.65-acre lot
      6153 Center St, Paradise, CA 95969
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    • $325,000
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      Paradise Commercial Space For Sale

      Commercial property in Paradise, CA, suitable for retail or office.
      6268 Skyway, Paradise, CA 95969
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    Similar Nearby for Lease

    • $1,425 /Mo
      1,500 SF

      Prime Retail/Office Space Available

      Retail/office space in a busy Paradise shopping center.
      6848 Skyway, Paradise, CA 95969
      View Details
    • Contact for pricing
      5,974 SF

      Retail Space in Paradise Center

      Grocery-anchored retail space available in Paradise, California.
      6640 Clark Rd, Paradise, CA 95969
      View Details
    • $10 SF/Yr
      68,008 SF

      Paradise Plaza Retail Center

      Grocery-anchored retail center in Paradise, CA
      6600-6646 Clark Rd, Paradise, CA 95969
      View Details
    • Contact for pricing
      31,212 SF

      Paradise Plaza: Prime Retail Opportunity

      Grocery-anchored shopping center; 31,212 sq ft available.
      1490 Wagstaff Rd, Paradise, CA 95969
      View Details
    • Contact for pricing
      3,511 SF

      Retail Space in Paradise Center

      Grocery-anchored shopping center space available in Paradise, California.
      6626 Clark Rd, Paradise, CA 95969
      View Details
    • $6,000 /Mo
      9,200 SF

      Freestanding Retail Building in Paradise

      Retail building with open floor plan, offices, and storage.
      5990 Foster Rd, Paradise, CA 95969
      View Details
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    7020 Skyway
    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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