Manufactured Home with Covered
For Sale
$298,000
121 Fisk Ter, Fremont, CA 94538
Spacious 3-bedroom, 2-bath manufactured home with central heating and covered side-by-side carport parking and patio.
Property Size1,440 SF
Price / SF$206.94
Days on Market72
Property Features for 121 Fisk Ter
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
Two swimming pools
Spa and sauna
Clubhouse
Billiards room
Beautifully maintained common areas
covered side patio
large side yard
storage shed
Listing Agency:
REALTY EXPERTS
(510) 226-2444
Listed By:
Lisa Benavides · License #01175193
(510) 409-9696
Source:
Exprealty
Added: Jul 5
Changed: Sep 9
Last Checked: Sep 14 at 7:05AM
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 REALTY EXPERTS
Investment Insights
Based on property information with market context.
This spacious, bright manufactured home offers 3 bedrooms and 2 bathrooms with an open floor plan and approximately 1,440 square feet of living space. Warm wood laminate flooring runs through the living areas and hallway, with updated lighting, plus an updated kitchen and bathrooms featuring stone countertops, abundant cabinetry, and ample workspace. Climate comfort includes central heating and wall air conditioning. Outside, the home provides side-by-side covered carport parking, a storage shed near the parking area, a spacious covered side patio, and a large side yard.
Set within the all-age Southlake Mobile Estates, residents can walk to the clubhouse and pools. Community amenities include two swimming pools, a spa and sauna, a clubhouse with a billiards room, and well-maintained common areas. The monthly space rent of $1,626 includes water, sewer, and trash, along with access to the community amenities.
Conveniently located near Highways 880 and 680 and close to Pacific Commons Shopping Center, Tesla, restaurants, and everyday conveniences.
Set within the all-age Southlake Mobile Estates, residents can walk to the clubhouse and pools. Community amenities include two swimming pools, a spa and sauna, a clubhouse with a billiards room, and well-maintained common areas. The monthly space rent of $1,626 includes water, sewer, and trash, along with access to the community amenities.
Conveniently located near Highways 880 and 680 and close to Pacific Commons Shopping Center, Tesla, restaurants, and everyday conveniences.
Key Highlights
- Approximately 1,440 SF 3‑bedroom, 2‑bath manufactured home in all‑age Southlake Mobile Estates
- Irvington School District; open floor plan with warm wood laminate flooring in living areas and hallway
- Updated lighting plus updated kitchen and bathrooms; kitchen features stone countertops and abundant cabinetry
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
$25,713
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
8.63%
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%
$514,260
$514.3K
Cap Rate 7%
$367,329
$367.3K
Cap Rate 9%
$285,700
$285.7K
Market Conditions
NOI Build-Up for 1,440 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
$48.9K $33.96/SF
− Vacancy
−$2.2K −$1.49/SF
EGI
$46.8K $32.47/SF
− OpEx
−$21.0K −$14.61/SF
NOI
$25.7K $17.86/SF
Area
Fremont, CA
Vacancy
4.40%
Lease Rate
$33.96 /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%
$514,260
Cap Rate 7%
$367,329
Cap Rate 9%
$285,700
Alternative Uses
Best Use
Apartment 5plus
$367.3K
$321.4K – $428.6K
NOI $25,713 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.3K
$779.9K – $1.04M
NOI $62,394 @ 7.0% cap · market cap 20.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 94538, CA
66,424
Population
24,429
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
90%
High-School Grad
16.5 sq mi
ZIP Area
4,026
Density / Sq Mi
$144,451
Median Household Income
$76,827
Median Earnings
$2,860
Median Rent
$1,104,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Spacious 3-bedroom, 2-bath manufactured home with central heating and covered side-by-side carport parking and patio.
Where is this mobile home & rv park located?
The property is located at 121 Fisk Ter Fremont, CA.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Approximately 1,440 SF 3‑bedroom, 2‑bath manufactured home in all‑age Southlake Mobile Estates; Irvington School District; open floor plan with warm wood laminate flooring in living areas and hallway; Updated lighting plus updated kitchen and bathrooms; kitchen features stone countertops and abundant cabinetry
