Manufactured Home in Mobile
For Sale
$399,000
Pending
591 Mountain Home Dr 591, San Jose, CA 95136
Well-maintained 2 bed, 2 bath home in Mountain Shadows with low space rent and no property tax.
Property Size1,344 SF
Days on Market110
Property Features for 591 Mountain Home Dr 591
General Information
Standard status
Pending
Size
1,344 SF
Property subtype
Commercial
Building Details
Building Size
1,344 SF
Year Built
1974
Listing Agency:
Alliance Manufactured Homes Inc
Listed By:
Alex Chow
(650) 334-9852
Source:
Elliman
Added: May 21
Changed: Aug 23
Last Checked: Aug 22 at 8:16AM
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 Alliance Manufactured Homes Inc
Investment Insights
Based on property information with market context.
This well-maintained manufactured home offers two bedrooms and two bathrooms with an open, functional layout. The home is situated within the Mountain Shadows community.
According to the provided information, the community features low space rent and no property tax. The address is 591 Mountain Home Dr 591 in San Jose, CA 95136. Mobility indicators listed with the property include a BikeScore of 52 (bikeable), a WalkScore of 67 (somewhat walkable), and a transitScore of 44 (some transit).
This listing reflects an ownership interest in a residential home within a planned community setting, with the stated billing advantages of low space rent and no property tax.
According to the provided information, the community features low space rent and no property tax. The address is 591 Mountain Home Dr 591 in San Jose, CA 95136. Mobility indicators listed with the property include a BikeScore of 52 (bikeable), a WalkScore of 67 (somewhat walkable), and a transitScore of 44 (some transit).
This listing reflects an ownership interest in a residential home within a planned community setting, with the stated billing advantages of low space rent and no property tax.
Key Highlights
- 1974‑built 2‑bedroom, 2‑bath home in Mountain Shadows
- 1,344 sq ft of living space with an open, functional layout
- Well‑maintained property
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
$27,955
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
7.01%
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%
$559,100
$559.1K
Cap Rate 7%
$399,357
$399.4K
Cap Rate 9%
$310,611
$310.6K
Market Conditions
NOI Build-Up for 1,344 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
$53.2K $39.60/SF
− Vacancy
−$2.4K −$1.78/SF
EGI
$50.8K $37.82/SF
− OpEx
−$22.9K −$17.02/SF
NOI
$28.0K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /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%
$559,100
Cap Rate 7%
$399,357
Cap Rate 9%
$310,611
Alternative Uses
Best Use
Apartment 5plus
$399.4K
$349.4K – $465.9K
NOI $27,955 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.7K
$710.2K – $947.0K
NOI $56,818 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 95136, CA
45,971
Population
16,535
Households
2.8
Avg Household Size
38
Median Age
46%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
8,841
Density / Sq Mi
$143,696
Median Household Income
$69,894
Median Earnings
$2,750
Median Rent
$1,104,300
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 bed, 2 bath home in Mountain Shadows with low space rent and no property tax.
Where is this mobile home & rv park located?
The property is located at 591 Mountain Home Dr 591 San Jose, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1974‑built 2‑bedroom, 2‑bath home in Mountain Shadows; 1,344 sq ft of living space with an open, functional layout; Well‑maintained property
