Manufactured Home in Mobile Home
New
For Sale
$299,000
37 Terrace Dr, Concord, CA 94518
Open-concept residence with a primary suite, indoor laundry, accessible lift, and two-car covered parking.
Property Size1,344 SF
Price / SF$222.47
Days on Market2
Property Features for 37 Terrace Dr
General Information
Standard status
Active
Size
1,344 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
indoor laundry room
wheelchair-accessible lift
Building Details
Year Built
2010
Buildings
1
Construction
manufactured
Listing Agency:
Rise Group Real Estate
(925) 252-5193
Listed By:
James Quintero · License #01973865
(510) 507-1293
Source:
Tfregroup
Added: Sep 18
Last Checked: Sep 18 at 2:51PM
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 Rise Group Real Estate
Investment Insights
Based on property information with market context.
Located at 37 Terrace Dr., this 2010 manufactured home offers 1,344 square feet with three bedrooms and two bathrooms. The interior centers on an open living and kitchen area with recessed lighting, generous cabinetry, counter space, a peninsula with breakfast seating, built-in microwave, and a breakfast nook. A separate dining room provides additional flexibility for office, recreation, or living use. The primary suite includes a private bath with dual vanities and a walk-in closet, while an indoor laundry room and wheelchair-accessible lift add convenience.
The home includes a two-car carport and access to an in-ground pool and clubhouse with a game area and pool table. Concord BART, downtown Concord, Costco, shopping, and dining are minutes away, with access to Highways 242, 680, and 4.
The home includes a two-car carport and access to an in-ground pool and clubhouse with a game area and pool table. Concord BART, downtown Concord, Costco, shopping, and dining are minutes away, with access to Highways 242, 680, and 4.
Key Highlights
- Manufactured home at 37 Terrace Dr. in Concord Mobile Home Park
- 3‑bedroom, 2‑bath home built in 2010
- 1,344 sqft of living space with an open living and kitchen 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
$21,320
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
7.13%
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%
$426,400
$426.4K
Cap Rate 7%
$304,571
$304.6K
Cap Rate 9%
$236,889
$236.9K
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
$40.8K $30.36/SF
− Vacancy
−$2.0K −$1.52/SF
EGI
$38.8K $28.84/SF
− OpEx
−$17.4K −$12.98/SF
NOI
$21.3K $15.86/SF
Area
Concord, CA
Vacancy
5.00%
Lease Rate
$30.36 /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%
$426,400
Cap Rate 7%
$304,571
Cap Rate 9%
$236,889
Alternative Uses
Best Use
Apartment 5plus
$304.6K
$266.5K – $355.3K
NOI $21,320 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$328.7K
$287.6K – $383.5K
NOI $23,010 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 94518, CA
27,209
Population
10,361
Households
2.6
Avg Household Size
42
Median Age
44%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
4,947
Density / Sq Mi
$111,406
Median Household Income
$56,960
Median Earnings
$2,290
Median Rent
$826,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Open-concept residence with a primary suite, indoor laundry, accessible lift, and two-car covered parking.
Where is this mobile home & rv park located?
The property is located at 37 Terrace Dr Concord, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Manufactured home at 37 Terrace Dr. in Concord Mobile Home Park; 3‑bedroom, 2‑bath home built in 2010; 1,344 sqft of living space with an open living and kitchen area
