Park Model Manufactured Home with
For Sale
$59,000
18-11250 Barstow Rd, Lucerne Valley, CA 92356
DMV-registered park model offers one bedroom, two bath access doors, and a partially fenced yard with room for two cars.
Property Size350 SF
Price / SF$168.57
Days on Market60
Property Features for 18-11250 Barstow Rd
General Information
Standard status
Active
Size
350 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Additional Details
Fenced Yard
Yes
Listing Agency:
Future Real Estate Enterprise
(888) 384-8879
Listed By:
Trever Epperson · License #02274613
(626) 383-0951
Source:
Exprealty
Added: Jul 9
Changed: Aug 21
Last Checked: Sep 5 at 9:51AM
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 Future Real Estate Enterprise
Investment Insights
Based on property information with market context.
This DMV-registered park model manufactured home features one bedroom and one three-quarter bathroom. The small kitchen opens to the living room area, with wood-finished cupboards and a propane stove that cooks like a natural gas stove. The bathroom includes two access doors for entry from either the hallway or the bedroom area. There is also a door that provides direct entry/exit into or out of the bedroom, serving as a back door, while the front door opens into the living area with a sliding glass door.
The unit sits in a nice, quiet park setting with open desert views and friendly neighbors. It is located at 18-11250 Barstow Rd in Lucerne Valley, with access to Big Bear. The surrounding area is partially fenced with wood fencing on three of the four sides, leaving plenty of room for two cars.
The unit sits in a nice, quiet park setting with open desert views and friendly neighbors. It is located at 18-11250 Barstow Rd in Lucerne Valley, with access to Big Bear. The surrounding area is partially fenced with wood fencing on three of the four sides, leaving plenty of room for two cars.
Key Highlights
- DMV‑registered park model manufactured home with 1 bedroom and 1 three‑quarter bathroom
- Bathroom includes two access doors for entry from the hallway or the bedroom area
- Back door provides direct entry/exit into or out of the bedroom
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
$3,098
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
5.25%
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%
$61,960
$62.0K
Cap Rate 7%
$44,257
$44.3K
Cap Rate 9%
$34,422
$34.4K
Market Conditions
NOI Build-Up for 350 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
$6.0K $17.16/SF
− Vacancy
−$372 −$1.06/SF
EGI
$5.6K $16.10/SF
− OpEx
−$2.5K −$7.24/SF
NOI
$3.1K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /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%
$61,960
Cap Rate 7%
$44,257
Cap Rate 9%
$34,422
Alternative Uses
Best Use
Apartment 5plus
$44.3K
$38.7K – $51.6K
NOI $3,098 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$73.8K
$64.6K – $86.1K
NOI $5,168 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 92356, CA
6,050
Population
3,053
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
77%
High-School Grad
365.6 sq mi
ZIP Area
17
Density / Sq Mi
$46,625
Median Household Income
$33,144
Median Earnings
$1,138
Median Rent
$239,100
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 - DMV-registered park model offers one bedroom, two bath access doors, and a partially fenced yard with room for two cars.
Where is this mobile home & rv park located?
The property is located at 18-11250 Barstow Rd Lucerne Valley, CA.
What is the asking price?
The asking price for this property is $59,000.
What are key features of this property?
This property features: DMV‑registered park model manufactured home with 1 bedroom and 1 three‑quarter bathroom; Bathroom includes two access doors for entry from the hallway or the bedroom area; Back door provides direct entry/exit into or out of the bedroom
