Building Details

Floors in Building 1

Listing Agency: Ming Tree, Inc. Show Phone

Listed By: Larry O. Doss · License #01196417 Show Phone

Added: Aug 28, 2024 Changed: Aug 4 Last Checked: Sep 5 at 1:06PM

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MLS# 267689

Copyright © 2026 Humboldt 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.

Investment Insights

Based on property information with market context.

This RV and mobile park property includes 32 RV spaces plus 4 homes and a shop, arranged across 6 parcels. The site totals 1.15 acres and is listed with a property size of 7,500 square feet.

The property is positioned in Trinidad, described as an ocean-front town, with the park within a short walk of local amenities including schools, city hall, restaurants, stores, harbor, and pier.

Zoned Multi-Family, the offering provides an established on-site mix of RV spaces, homes, and a shop within the same multi-parcel setup.

Key Highlights

• Zoned Multi‑Family
• 32 RV spaces plus 4 homes and a shop
• Across 6 parcels

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$89,308

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.31%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,786,160 $1.8M

Cap Rate 7%

$1,275,829 $1.3M

Cap Rate 9%

$992,311 $992.3K

Market Conditions

NOI Build-Up for 7,500 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$174.6K $23.28/SF

− Vacancy

−$12.2K −$1.63/SF

EGI

$162.4K $21.65/SF

− OpEx

−$73.1K −$9.74/SF

NOI

$89.3K $11.91/SF

Area

Humboldt County, CA

Vacancy

7.00%

Lease Rate

$23.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,786,160

Cap Rate 7%

$1,275,829

Cap Rate 9%

$992,311

Alternative Uses

Best Use

Apartment 5plus

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,308 @ 7.0% cap · market cap 3.31%

Second Best

—

—

no second resolved use

Theoretical Best

Flex RnD

$2.83M

$2.48M – $3.30M (±1% cap)

NOI $198,262 @ 7.0% cap · market cap 7.34%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mobile home & RV ...

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

145

Businesses Nearby

Explore this area Business Placement

Demographics for 95570, CA

2,543

Population

1,495

Households

1.7

Avg Household Size

51

Median Age

58%

College-Educated

97%

High-School Grad

52.4 sq mi

ZIP Area

49

Density / Sq Mi

$72,143

Median Household Income

$39,123

Median Earnings

$1,840

Median Rent

$599,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mobile home and RV park on 6 parcels with 32 RV spaces plus 4 homes and a shop in a multi-family zoning area.

Where is this mobile home & rv park located?

The property is located at 305 Ocean Trinidad, CA.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: Zoned Multi‑Family; 32 RV spaces plus 4 homes and a shop; Across 6 parcels