Five-Acre Property with Expansion
2330 E Oberlin Rd Yreka, CA
2330 E Oberlin Rd, Yreka, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Property with expansion potential, on-site mobile home, and high occupancy.
Property Size21,690 SF
Lot Size5.00 Acres
Price / SF$72.11
Days on Market1422
Property Features for 2330 E Oberlin Rd
General Information
- Standard status
- Active
- Size
- 21,690 SF
- Lot size
- 5.00 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Matthews Real Estate Investment Services - Orange County
(949) 485-1865
Listed by
Shane Avera
(949) 485-1865
Source
Moodyscre
Added: Aug 30, 2022 Updated: Jul 6 at 10:25AM Checked: Jul 21 at 3:01AM
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 Matthews Real Estate Investment Services - Orange County
Investment Insights
Based on property information with market context.
This property, situated on 5 acres, presents an expansion opportunity for adding units or RV parking. It includes an on-site mobile home, suitable for an on-site manager, enhancing security, and generating additional income. The property has historically maintained a physical occupancy rate above 90%. Rents are below market value, offering a potential revenue increase of at least 10% in the first year.
Key Highlights
- High Occupancy – Physical occupancy has historically stayed above 90%.
- Rental Upside – Rents are significantly below market, allowing a buyer to increase revenue by at least 10% year one.
- Expansion Opportunity – Room for expansion to add additional units or RV parking to utilize the full 5 acres of land.
Local Financial Insights For Industrial
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 | $195.2k | $9.00 |
| − Vacancy | −$25.0k | −$1.15 |
| EGI | $170.2k | $7.85 |
| − OpEx | −$51.1k | −$2.35 |
| NOI | $119.2k | $5.49 |
21,690 SF · lease $9.00/SF/yr · vacancy 12.80% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$2.54M
$2.22M – $2.96M
NOI $177,726 @ 7.0% cap · market cap 11.36%
Second Best
Self Storage
$2.34M
$2.05M – $2.73M
NOI $163,976 @ 7.0% cap · market cap 10.48%
Theoretical Best
Office A
$6.38M
$5.58M – $7.44M
NOI $446,640 @ 7.0% cap · market cap 28.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hendren Mini Storage
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Property with expansion potential, on-site mobile home, and high occupancy.
Where is this mobile home & rv park located?
The property is located at 2330 E Oberlin Rd Yreka, CA.
What is the asking price?
The asking price for this property is $1,564,000.
What are key features of this property?
This property features: High Occupancy – Physical occupancy has historically stayed above 90%.; Rental Upside – Rents are significantly below market, allowing a buyer to increase revenue by at least 10% year one.; Expansion Opportunity – Room for expansion to add additional units or RV parking to utilize the full 5 acres of land.
