Furnished Park Model
For Sale
$129,500
521-84136 Avenue 44, Indio, CA 92201
Well-maintained park model with furnishings, appliances, tile flooring, and access to extensive resort amenities.
Property Size400 SF
Price / SF$323.75
Days on Market950
Property Features for 521-84136 Avenue 44
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
fridge
stove
microwave oven
built-in china cabinet
tile floors
vertical blinds
TV
hide-a-bed couch
washer/dryer
clubhouses
laundry facilities
mailboxes
heated pools
spas
golf course
putting course
practice greens
tennis courts
pickleball courts
shuffleboard courts
horseshoe pitch
fitness center
clubs and classes
Building Details
Year Built
1993
Listing Agency:
coldwell banker realty
(941) 366-8070
Listed By:
James Richmond · License #01729522
(760) 844-2030
Source:
Exprealty
Added: Jan 30, 2024
Changed: Sep 5
Last Checked: Sep 5 at 10:51AM
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 well-kept 1993 Park West park model is offered with a refrigerator, stove, microwave, built-in china cabinet, tile flooring, vertical blinds, and a television. The living area includes a hide-a-bed sofa and wall-mounted TV, while a washer and dryer are located in the shed.
The home is situated within Rancho Casa Blanca, an 80-acre community in Indio featuring 801 individual park model homes or RV sites. Community amenities include two clubhouses, four satellite buildings with laundry facilities and mailboxes, six heated pools and spas, an 18-hole par 3 golf course, a nine-hole putting course, tennis and pickleball courts, shuffleboard, horseshoe facilities, a fitness center, and more than 60 clubs and classes. Occupancy is limited to 270 days, not necessarily consecutive, within each 365-day calendar year.
The home is situated within Rancho Casa Blanca, an 80-acre community in Indio featuring 801 individual park model homes or RV sites. Community amenities include two clubhouses, four satellite buildings with laundry facilities and mailboxes, six heated pools and spas, an 18-hole par 3 golf course, a nine-hole putting course, tennis and pickleball courts, shuffleboard, horseshoe facilities, a fitness center, and more than 60 clubs and classes. Occupancy is limited to 270 days, not necessarily consecutive, within each 365-day calendar year.
Key Highlights
- 1993 Park West park model with furnishings and appliances
- Tile flooring, vertical blinds, built‑in china cabinet, and TVs
- Washer and dryer located in the 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
$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
5.00%
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 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 6.48%
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
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 - Well-maintained park model with furnishings, appliances, tile flooring, and access to extensive resort amenities.
Where is this mobile home & rv park located?
The property is located at 521-84136 Avenue 44 Indio, CA.
What is the asking price?
The asking price for this property is $129,500.
What are key features of this property?
This property features: 1993 Park West park model with furnishings and appliances; Tile flooring, vertical blinds, built‑in china cabinet, and TVs; Washer and dryer located in the shed
