9220 Skyway
About This Property
A major value-add: the property features an active Paradise Irrigation District (PID) water account-a significant and increasingly valuable asset that can save substantial time and cost in the development process.
Previously improved with a 1,350± square foot, 3-bedroom residential structure, the lot is level, fenced, and gated, providing flexibility for a variety of commercial uses consistent with CC zoning. Surrounded by new commercial construction and thriving local businesses, this parcel is well-positioned to capitalize on continued growth and investment in the area.
Paradise is widely recognized as one of the fastest-growing rebuilding communities in California, drawing new residents, entrepreneurs, and investors. Known for its outdoor-centric lifestyle, the town offers close proximity to hiking, biking, fishing, and lake recreation-making it especially attractive to both residents and visitors seeking a lifestyle-driven destination.
Backing up to the scenic Paradise Recreation Trail, a popular walking and cycling path that enhances daily foot and bike traffic, recreation is literally steps away and offers convenient access toward the breathtaking Feather River Canyon - a regional draw for outdoor enthusiasts.
This is a rare opportunity to secure a high-visibility commercial parcel with infrastructure advantages in a community on the rise.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2026 | Sold | ||
| Sold | |||
| May 20, 2026 | In contract | - | |
| In contract | |||
| Feb 26, 2026 | Listed by American Homes and Land | $29,900 | |
| Listed by American Homes and Land | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017