Remodeled Residential Income
For Sale
$396,000
2510 Barclay Ave 107, Union City, CA 94587
Updated mobile-home improvements include granite kitchen surfaces, central forced-air heat, laundry facilities, and covered vehicle parking.
Property Size1,600 SF
Days on Market12
Property Features for 2510 Barclay Ave 107
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Building Details
Building Size
1,600 SF
Year Built
1968
Listing Agency:
StarSky Realty Inc
Listed By:
Sharon Zhao
(408) 858-7703
Source:
Elliman
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 12 at 7:16AM
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 StarSky Realty Inc
Investment Insights
Based on property information with market context.
This residential income property is a remodeled double-wide mobile home with 1,152 square feet of living space, four bedrooms, and three bathrooms. Interior features include a spacious living room, granite kitchen countertops, updated bathrooms, central forced heating, and a dedicated laundry room with washer and dryer. Exterior improvements include an elongated side porch, three-car covered parking, and a storage shed.
The home is located at 2510 Barclay Ave 107 in Union City, within the Mobilelodge Family Park community. Convenience stores, restaurants, and a grocery market are described as walkable from the property. The location has a walk score of 54, a bike score of 62, and a transit score of 34. The mobile home was built in 1968.
The home is located at 2510 Barclay Ave 107 in Union City, within the Mobilelodge Family Park community. Convenience stores, restaurants, and a grocery market are described as walkable from the property. The location has a walk score of 54, a bike score of 62, and a transit score of 34. The mobile home was built in 1968.
Key Highlights
- 1,152 SF double‑wide mobile home with 4 bedrooms and 3 bathrooms
- Remodeled bathrooms and granite kitchen countertops
- Three‑car covered parking, elongated side porch, and storage shed
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
$23,178
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
5.85%
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%
$463,560
$463.6K
Cap Rate 7%
$331,114
$331.1K
Cap Rate 9%
$257,533
$257.5K
Market Conditions
NOI Build-Up for 1,600 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
$44.7K $27.96/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$42.1K $26.34/SF
− OpEx
−$19.0K −$11.85/SF
NOI
$23.2K $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%
$463,560
Cap Rate 7%
$331,114
Cap Rate 9%
$257,533
Alternative Uses
Best Use
Apartment 5plus
$331.1K
$289.7K – $386.3K
NOI $23,178 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$7.29M
$6.38M – $8.51M
NOI $510,602 @ 7.0% cap · market cap 128.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
844
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated mobile-home improvements include granite kitchen surfaces, central forced-air heat, laundry facilities, and covered vehicle parking.
Where is this residential income property located?
The property is located at 2510 Barclay Ave 107 Union City, CA.
What is the asking price?
The asking price for this property is $396,000.
What are key features of this property?
This property features: 1,152 SF double‑wide mobile home with 4 bedrooms and 3 bathrooms; Remodeled bathrooms and granite kitchen countertops; Three‑car covered parking, elongated side porch, and storage shed
