Mobile Home & RV
For Sale
$69,999
2101 S State Street #29, Ukiah, CA 95482
Built in 2003 with window unit(s) and assigned, covered exterior features.
Property Size730 SF
Price / SF$95.89
Days on Market56
Property Features for 2101 S State Street #29
General Information
Standard status
Active
Size
730 SF
Total Parking Spaces
1
Property subtype
Manufactured In Park
Amenities
Window Unit(s)
Other
Assigned, Covered
Building Details
Year Built
2003
Listing Agency:
Coldwell Banker Mendo Realty
Listed By:
Celeste C. Rodriguez · License #01899656
(707) 272-5549
Source:
Evrealestate
Added: Jul 27
Changed: Sep 20
Last Checked: Sep 20 at 7:32AM
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 Coldwell Banker Mendo Realty
Investment Insights
Based on property information with market context.
This mobile home and RV park property was built in 2003 and includes window unit(s) among its interior features. Exterior features are identified as assigned and covered.
The property is located at 2101 S State Street #29 in Ukiah, Mendocino County. Access is described from S State Street to Deep Valley Mobile Home Park.
The property is located at 2101 S State Street #29 in Ukiah, Mendocino County. Access is described from S State Street to Deep Valley Mobile Home Park.
Key Highlights
- Mobile home and RV park classification
- Built in 2003
- Window unit(s) interior feature
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
$6,212
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
8.87%
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%
$124,240
$124.2K
Cap Rate 7%
$88,743
$88.7K
Cap Rate 9%
$69,022
$69.0K
Market Conditions
NOI Build-Up for 730 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
$11.8K $16.20/SF
− Vacancy
−$532 −$0.73/SF
EGI
$11.3K $15.47/SF
− OpEx
−$5.1K −$6.96/SF
NOI
$6.2K $8.51/SF
Area
Mendocino County, CA
Vacancy
4.50%
Lease Rate
$16.20 /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%
$124,240
Cap Rate 7%
$88,743
Cap Rate 9%
$69,022
Alternative Uses
Best Use
Apartment 5plus
$88.7K
$77.7K – $103.5K
NOI $6,212 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$272.9K
$238.8K – $318.4K
NOI $19,105 @ 7.0% cap · market cap 27.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 95482, CA
33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Built in 2003 with window unit(s) and assigned, covered exterior features.
Where is this mobile home & rv park located?
The property is located at 2101 S State Street #29 Ukiah, CA.
What is the asking price?
The asking price for this property is $69,999.
What are key features of this property?
This property features: Mobile home and RV park classification; Built in 2003; Window unit(s) interior feature
