Park Model Home in Guard-Gated Resort
For Sale
$118,800
191-84136 Avenue 44, Indio, CA 92201
Move-in ready 1-bedroom, 1-bath Cavco Park Model with open layout, laminate floors, and covered parking in a guard-gated 55-plus community.
Property Size400 SF
Price / SF$297
Days on Market115
Property Features for 191-84136 Avenue 44
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Amenities
guard-gated community
water feature
greenbelt
wraparound patio deck
large storage shed
washer and dryer
covered parking
18-hole par 3 golf course
two clubhouses
6 pools and spas
pickleball and tennis courts
bocce ball
indoor shuffleboard courts
fitness center
social clubs and activities
Listing Agency:
Bennion Deville Homes
(760) 333-9930
Listed By:
Koubek & Turney Realty Group
(760) 333-9930
Source:
Exprealty
Added: May 8
Changed: Aug 20
Last Checked: Aug 29 at 12:46PM
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 Bennion Deville Homes
Investment Insights
Based on property information with market context.
Welcome to this move-in ready 1-bedroom, 1-bath Cavco Park Model home located in the guard-gated community of Rancho Casa Blanca, reserved for homeowners 55 and better. The home is positioned to enjoy views over a large water feature and greenbelt, with indoor-outdoor living supported by new French doors that open to a spacious expansive wraparound patio deck.
Inside, the well-maintained interior features laminate flooring throughout and an open great room layout designed to feel spacious. The property includes a large storage shed with washer and dryer, plus ample shelving, along with covered parking.
Rancho Casa Blanca is an 80-acre Park Model/RV resort community featuring an 18-hole par 3 golf course, two clubhouses, six pools and spas, pickleball and tennis courts, bocce ball, indoor shuffleboard courts, a fitness center, and a variety of social clubs and activities. Property size is listed as 400.
Inside, the well-maintained interior features laminate flooring throughout and an open great room layout designed to feel spacious. The property includes a large storage shed with washer and dryer, plus ample shelving, along with covered parking.
Rancho Casa Blanca is an 80-acre Park Model/RV resort community featuring an 18-hole par 3 golf course, two clubhouses, six pools and spas, pickleball and tennis courts, bocce ball, indoor shuffleboard courts, a fitness center, and a variety of social clubs and activities. Property size is listed as 400.
Key Highlights
- Guard‑gated Rancho Casa Blanca community reserved for homeowners 55 and better
- Views over a large water feature and greenbelt from the living room and wraparound patio deck
- New French doors for seamless indoor‑outdoor living
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
$6,475
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
5.45%
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%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 400 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
$12.0K $30.00/SF
− Vacancy
−$228 −$0.57/SF
EGI
$11.8K $29.43/SF
− OpEx
−$5.3K −$13.24/SF
NOI
$6.5K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /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%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
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 - Move-in ready 1-bedroom, 1-bath Cavco Park Model with open layout, laminate floors, and covered parking in a guard-gated 55-plus community.
Where is this mobile home & rv park located?
The property is located at 191-84136 Avenue 44 Indio, CA.
What is the asking price?
The asking price for this property is $118,800.
What are key features of this property?
This property features: Guard‑gated Rancho Casa Blanca community reserved for homeowners 55 and better; Views over a large water feature and greenbelt from the living room and wraparound patio deck; New French doors for seamless indoor‑outdoor living
