Senior Community Mobile
For Sale
$170,000
493 Seema Cir 493, Union City, CA 94587
Well-maintained 2-bedroom, 2-bathroom mobile home with a pop-out section in a senior community setting.
Property Size960 SF
Days on Market59
Property Features for 493 Seema Cir 493
General Information
Standard status
Active
Size
960 SF
Property subtype
Commercial
Building Details
Building Size
960 SF
Year Built
1976
Listing Agency:
KW Silicon City
Listed By:
Franco Perez · License #01943122
(408) 381-3030
Source:
Elliman
Added: Jul 8
Changed: Aug 16
Last Checked: Sep 1 at 8:14PM
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 KW Silicon City
Investment Insights
Based on property information with market context.
This well-maintained 2-bedroom, 2-bathroom mobile home is located in the Tropics Senior Community. The layout includes a pop-out section that expands the living room and adds natural light. Inside, the fully equipped kitchen offers ample cabinet and counter space with a comfortable dining area nearby. The home also includes two well-sized bedrooms and two full bathrooms for practical everyday living.
The property is conveniently located near Highway 880 and the Union Landing Shopping Center, with shopping, dining, grocery stores, and other daily conveniences in the surrounding area.
The property is conveniently located near Highway 880 and the Union Landing Shopping Center, with shopping, dining, grocery stores, and other daily conveniences in the surrounding area.
Key Highlights
- Well‑maintained 2‑bedroom, 2‑bathroom home built in 1976 in the Tropics Senior Community in Union City
- Pop‑out section adds extra living space and expands the living room with natural light
- Fully equipped kitchen with ample cabinet and counter space and a comfortable dining area
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
$13,907
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
8.18%
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%
$278,140
$278.1K
Cap Rate 7%
$198,671
$198.7K
Cap Rate 9%
$154,522
$154.5K
Market Conditions
NOI Build-Up for 960 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
$26.8K $27.96/SF
− Vacancy
−$1.6K −$1.62/SF
EGI
$25.3K $26.34/SF
− OpEx
−$11.4K −$11.85/SF
NOI
$13.9K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /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%
$278,140
Cap Rate 7%
$198,671
Cap Rate 9%
$154,522
Alternative Uses
Best Use
Apartment 5plus
$198.7K
$173.8K – $231.8K
NOI $13,907 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$4.38M
$3.83M – $5.11M
NOI $306,361 @ 7.0% cap · market cap 180.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 94587, CA
70,121
Population
21,923
Households
3.2
Avg Household Size
40
Median Age
45%
College-Educated
87%
High-School Grad
19.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$137,194
Median Household Income
$66,405
Median Earnings
$2,713
Median Rent
$1,058,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Well-maintained 2-bedroom, 2-bathroom mobile home with a pop-out section in a senior community setting.
Where is this mobile home & rv park located?
The property is located at 493 Seema Cir 493 Union City, CA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Well‑maintained 2‑bedroom, 2‑bathroom home built in 1976 in the Tropics Senior Community in Union City; Pop‑out section adds extra living space and expands the living room with natural light; Fully equipped kitchen with ample cabinet and counter space and a comfortable dining area
