55+ Mobile Home Park
106 Panorama Drive Novato, CA 94949
106 Panorama Drive, Novato, CA, 94949
$279,000
For Sale
$279,000
Set within a 55+ Marin Valley Mobile Country Club, with convenient street parking or two tandem spaces.
Property Size1,440 SF
Price / SF$193.75
Days on Market52
Property Features for 106 Panorama Drive
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Manufactured In Park
Building Details
- Year Built
- 1976
Listing Agency
(415) 328-4143
Listed by
Erinn Millar
(415) 328-4143
Source
Evrealestate
Added: May 29 Checked: Jul 17 at 4:46 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Erinn Millar
Investment Insights
Based on property information with market context.
This for-sale residence is located within Marin Valley Mobile Country Club, a 55+ community. The property includes access for daily arrivals and parking options on-site, with street parking available along Marin Valley or the use of two tandem spaces at the property.
Directions place the property off Hwy 101, with navigation via Nave Drive and Bolling Drive to Marin Valley Drive, then a right on Marin Valley Drive and a left on Panorama Drive. The property is in Marin County, CA, with parking handled either in the adjacent street area or via the tandem spaces provided at the site.
For buyers seeking a maintained, age-restricted lifestyle setting, this is a practical option within a dedicated mobile country club environment. Parking flexibility can help reduce everyday friction for occupants and guests, and the community’s 55+ focus may appeal to residents looking for a quieter, age-aligned community dynamic.
Directions place the property off Hwy 101, with navigation via Nave Drive and Bolling Drive to Marin Valley Drive, then a right on Marin Valley Drive and a left on Panorama Drive. The property is in Marin County, CA, with parking handled either in the adjacent street area or via the tandem spaces provided at the site.
For buyers seeking a maintained, age-restricted lifestyle setting, this is a practical option within a dedicated mobile country club environment. Parking flexibility can help reduce everyday friction for occupants and guests, and the community’s 55+ focus may appeal to residents looking for a quieter, age-aligned community dynamic.
Key Highlights
- Located in Marin Valley Mobile Country Club, a 55+ community
- Built in 1976
- Central heating and central air conditioning
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $27.96 |
| − Vacancy | −$2.3k | −$1.62 |
| EGI | $37.9k | $26.34 |
| − OpEx | −$17.1k | −$11.85 |
| NOI | $20.9k | $14.49 |
1,440 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,860 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.03M
$6.15M – $8.21M
NOI $492,367 @ 7.0% cap · market cap 176.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Set within a 55+ Marin Valley Mobile Country Club, with convenient street parking or two tandem spaces.
Where is this mobile home & rv park located?
The property is located at 106 Panorama Drive Novato, CA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Located in Marin Valley Mobile Country Club, a 55+ community; Built in 1976; Central heating and central air conditioning
