Mobile Home Park Income
For Sale
$325,000
187 Rancho Verde Cir, Rohnert Park, CA 94928
Mobile home and RV park income property with visitor parking access and on-site guest parking guidance.
Property Size1,500 SF
Price / SF$216.67
Days on Market41
Property Features for 187 Rancho Verde Cir
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Manufactured In Park
Listing Agency:
Luxe Places International Realty
4907631
Listed By:
Bailey N. Alcazar
4907631
Source:
Exprealty
Added: Jul 15
Changed: Aug 23
Last Checked: Aug 23 at 3:45AM
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 Luxe Places International Realty
Investment Insights
Based on property information with market context.
This listing is for a mobile home and RV park income property in Sonoma County. The property offers on-site visitor parking, with directions indicating guests should park in the designated visitor parking area when available.
The provided access instructions note that turning into the park includes a stop sign, followed by taking a left, and then parking in the visitor parking area to the right or, if available, using a driveway in front of the home. The remarks also specify that cars should not be left parked on the street.
The property is presented for sale as a residential income asset and is identified under the listing as a mobile home & RV park, multifamily, and residential income property. For details on the specific unit mix and current occupancy, please contact the listing broker.
The provided access instructions note that turning into the park includes a stop sign, followed by taking a left, and then parking in the visitor parking area to the right or, if available, using a driveway in front of the home. The remarks also specify that cars should not be left parked on the street.
The property is presented for sale as a residential income asset and is identified under the listing as a mobile home & RV park, multifamily, and residential income property. For details on the specific unit mix and current occupancy, please contact the listing broker.
Key Highlights
- Mobile home and RV park income property in Sonoma County
- Built in 1999
- 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
$11,120
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
3.42%
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%
$222,400
$222.4K
Cap Rate 7%
$158,857
$158.9K
Cap Rate 9%
$123,556
$123.6K
Market Conditions
NOI Build-Up for 1,500 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
$21.6K $14.40/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$20.2K $13.48/SF
− OpEx
−$9.1K −$6.07/SF
NOI
$11.1K $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%
$222,400
Cap Rate 7%
$158,857
Cap Rate 9%
$123,556
Alternative Uses
Best Use
Apartment 5plus
$158.9K
$139.0K – $185.3K
NOI $11,120 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$406.5K
$355.7K – $474.2K
NOI $28,453 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 94928, CA
47,062
Population
17,449
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
6,112
Density / Sq Mi
$96,622
Median Household Income
$44,674
Median Earnings
$2,211
Median Rent
$634,700
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 - Mobile home and RV park income property with visitor parking access and on-site guest parking guidance.
Where is this mobile home & rv park located?
The property is located at 187 Rancho Verde Cir Rohnert Park, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Mobile home and RV park income property in Sonoma County; Built in 1999; Central heating
