Park Model Home with Enclosed
For Sale
$119,900
135-84136 Avenue 44, Indio, CA 92201
Furnished park model with resort amenities, private outdoor space, and ownership of the underlying land.
Property Size400 SF
Price / SF$299.75
Days on Market234
Property Features for 135-84136 Avenue 44
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
Enclosed Deck with Automatic Shutters
Rod-Iron Railing
Walk-Thru Bathroom
Dual Sink & Garbage Disposal
32' Vizio TV
GE Refrigerator & Dishwasher
GE Profile Microwave & Convection Oven
Kenmore Washer/Dryer
Hardwood Laminate Flooring
Large 10 x 10 Shed
Golf Cart Included
Clubhouse 1 Pool & Spa Facilities
Laundry facilities
Mailboxes
Heated pools
Relaxing spas
18-hole par 3 golf course
9-hole putting course
2 practice chipping/putting greens
2 tennis courts
8 pickleball courts
Shuffleboard courts
Horseshoe pitch
Fitness center
Listing Agency:
coldwell banker realty
(941) 366-8070
Listed By:
James Richmond · License #01729522
(760) 844-2030
Source:
Exprealty
Added: Jan 15
Changed: Sep 5
Last Checked: Sep 5 at 2:53PM
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 coldwell banker realty
Investment Insights
Based on property information with market context.
This 400-square-foot park model includes an enclosed deck with automatic shutters, rod-iron railing, hardwood laminate flooring, and a walk-through bathroom with dual sinks. The interior is equipped with a GE refrigerator and dishwasher, GE Profile microwave and convection oven, Kenmore washer and dryer, garbage disposal, and a 32' Vizio TV. A 10 x 10 shed and golf cart are also included.
The property is located near the front entrance of Rancho Casa Blanca Resort and close to Clubhouse 1 pool and spa facilities. The 55+ community encompasses 80 acres with 801 individual park model homes or RV sites, two clubhouses, four satellite buildings, six heated pools and spas, an 18-hole par 3 golf course, a 9-hole putting course, tennis and pickleball courts, shuffleboard, a fitness center, and more than 60 clubs and classes. Ownership includes the underlying land and access to free golf on the community course.
The property is located near the front entrance of Rancho Casa Blanca Resort and close to Clubhouse 1 pool and spa facilities. The 55+ community encompasses 80 acres with 801 individual park model homes or RV sites, two clubhouses, four satellite buildings, six heated pools and spas, an 18-hole par 3 golf course, a 9-hole putting course, tennis and pickleball courts, shuffleboard, a fitness center, and more than 60 clubs and classes. Ownership includes the underlying land and access to free golf on the community course.
Key Highlights
- 400‑square‑foot park model near the front entrance
- Enclosed deck with automatic shutters and rod‑iron railing
- 10 x 10 shed and golf cart included
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
$6,475
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
5.40%
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%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 400 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
$12.0K $30.00/SF
− Vacancy
−$228 −$0.57/SF
EGI
$11.8K $29.43/SF
− OpEx
−$5.3K −$13.24/SF
NOI
$6.5K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /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%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
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 - Furnished park model with resort amenities, private outdoor space, and ownership of the underlying land.
Where is this mobile home & rv park located?
The property is located at 135-84136 Avenue 44 Indio, CA.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 400‑square‑foot park model near the front entrance; Enclosed deck with automatic shutters and rod‑iron railing; 10 x 10 shed and golf cart included
