Residential Income
For Sale
$360,000
156 Westgate Circle, Santa Rosa, CA 95401
For sale in Sonoma County, accessed via Occidental Rd, Brittain Ln, Palace Way, and Westgate Cir.
Property Size1,392 SF
Price / SF$258.62
Days on Market84
Property Features for 156 Westgate Circle
General Information
Standard status
Active
Size
1,392 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Clubhouse, Pool
Central Air
Central
Covered, On Street, Guest
Building Details
Year Built
1974
Listed By:
Jaime Gutierrez
(707) 694-1980
Source:
Evrealestate
Added: Jun 15
Changed: Aug 24
Last Checked: Sep 6 at 5:31AM
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 Jaime Gutierrez
Investment Insights
Based on property information with market context.
Offered for sale, this residential income property is located at 156 Westgate Circle in Santa Rosa, within Sonoma County.
Access is provided via Occidental Rd to Brittain Ln, then to Palace Way, with a left turn onto Westgate Cir.
The property is listed under residential income categories and may also be associated with mobile home and RV park use. Additional details on unit mix, configuration, and condition are not provided in the available information.
Access is provided via Occidental Rd to Brittain Ln, then to Palace Way, with a left turn onto Westgate Cir.
The property is listed under residential income categories and may also be associated with mobile home and RV park use. Additional details on unit mix, configuration, and condition are not provided in the available information.
Key Highlights
- Central heating and central air conditioning
- On‑site parking includes covered parking plus on‑street and guest parking
- Built in 1974
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
$24,314
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
6.75%
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%
$486,280
$486.3K
Cap Rate 7%
$347,343
$347.3K
Cap Rate 9%
$270,156
$270.2K
Market Conditions
NOI Build-Up for 1,392 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
$46.4K $33.36/SF
− Vacancy
−$2.2K −$1.60/SF
EGI
$44.2K $31.76/SF
− OpEx
−$19.9K −$14.29/SF
NOI
$24.3K $17.47/SF
Area
Santa Rosa, CA
Vacancy
4.80%
Lease Rate
$33.36 /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%
$486,280
Cap Rate 7%
$347,343
Cap Rate 9%
$270,156
Alternative Uses
Best Use
Apartment 5plus
$347.3K
$303.9K – $405.2K
NOI $24,314 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$386.7K
$338.4K – $451.2K
NOI $27,072 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 95401, CA
37,272
Population
14,281
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
80%
High-School Grad
20.9 sq mi
ZIP Area
1,783
Density / Sq Mi
$93,513
Median Household Income
$45,630
Median Earnings
$1,978
Median Rent
$628,900
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 - For sale in Sonoma County, accessed via Occidental Rd, Brittain Ln, Palace Way, and Westgate Cir.
Where is this mobile home & rv park located?
The property is located at 156 Westgate Circle Santa Rosa, CA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Central heating and central air conditioning; On‑site parking includes covered parking plus on‑street and guest parking; Built in 1974
