Mobile Home Park with Central
For Sale
$65,000
148 Oakwood Drive, Petaluma, CA 94954
Income-oriented residential property with central heating and installed kitchen appliances.
Property Size800 SF
Price / SF$81.25
Days on Market202
Property Features for 148 Oakwood Drive
General Information
Standard status
Active
Size
800 SF
Total Parking Spaces
1
Property subtype
Manufactured In Park
Amenities
Central
Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood
Covered, Guest
Building Details
Year Built
1970
Listed By:
Teri Kainz
(707) 364-2061
Source:
Evrealestate
Added: Feb 13
Changed: Sep 2
Last Checked: Sep 2 at 3:18PM
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 Teri Kainz
Investment Insights
Based on property information with market context.
This mobile home and RV park property was built in 1970 and includes central heating. The property also features a free-standing gas range, free-standing refrigerator, and range hood. Exterior features include covered guest accommodations.
The property is located at 148 Oakwood Drive in Petaluma, Sonoma County. Access directions run from McDowell to The Cottages, then along Candlewood, Elmwood, and Oakwood.
The property is located at 148 Oakwood Drive in Petaluma, Sonoma County. Access directions run from McDowell to The Cottages, then along Candlewood, Elmwood, and Oakwood.
Key Highlights
- Mobile home and RV park classification
- Built in 1970
- Central heating
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
$5,930
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
9.12%
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%
$118,600
$118.6K
Cap Rate 7%
$84,714
$84.7K
Cap Rate 9%
$65,889
$65.9K
Market Conditions
NOI Build-Up for 800 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
$11.5K $14.40/SF
− Vacancy
−$737 −$0.92/SF
EGI
$10.8K $13.48/SF
− OpEx
−$4.9K −$6.07/SF
NOI
$5.9K $7.41/SF
Area
Sonoma County, CA
Vacancy
6.40%
Lease Rate
$14.40 /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%
$118,600
Cap Rate 7%
$84,714
Cap Rate 9%
$65,889
Alternative Uses
Best Use
Apartment 5plus
$84.7K
$74.1K – $98.8K
NOI $5,930 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$216.8K
$189.7K – $252.9K
NOI $15,175 @ 7.0% cap · market cap 23.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 94954, CA
38,301
Population
15,147
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
92%
High-School Grad
62.2 sq mi
ZIP Area
616
Density / Sq Mi
$107,564
Median Household Income
$58,362
Median Earnings
$2,405
Median Rent
$790,100
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 - Income-oriented residential property with central heating and installed kitchen appliances.
Where is this mobile home & rv park located?
The property is located at 148 Oakwood Drive Petaluma, CA.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Mobile home and RV park classification; Built in 1970; Central heating
