Mobile Home Park
For Sale
$229,000
2101 S State Street #65, Ukiah, CA 95482
Mobile home park property with central air, a covered deck, and double-vanity interior features.
Property Size1,444 SF
Price / SF$158.59
Days on Market57
Property Features for 2101 S State Street #65
General Information
Standard status
Active
Size
1,444 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central Air
Central
Double Vanity
Covered, Deck, Assigned
Building Details
Year Built
2009
Listing Agency:
(707) 391-9588
Listed By:
Yesenia Herrera
(707) 391-9588
Source:
Evrealestate
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 31 at 3:22PM
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 Yesenia Herrera
Investment Insights
Based on property information with market context.
Deep Valley Mobile Home Park is located at 2101 South State Street in Ukiah, with the property identified as space #65. The property was built in 2009 and includes central air, central heating, and a double vanity. Exterior features include a covered deck.
Access is provided from Highway 101 via the Talmage Road exit, with the park situated along South State Street in Mendocino County.
Access is provided from Highway 101 via the Talmage Road exit, with the park situated along South State Street in Mendocino County.
Key Highlights
- Mobile home park property at 2101 S State Street #65, Ukiah, CA 95482
- Built in 2009
- Central air and 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
$12,287
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
5.37%
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%
$245,740
$245.7K
Cap Rate 7%
$175,529
$175.5K
Cap Rate 9%
$136,522
$136.5K
Market Conditions
NOI Build-Up for 1,444 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
$23.4K $16.20/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$22.3K $15.47/SF
− OpEx
−$10.1K −$6.96/SF
NOI
$12.3K $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%
$245,740
Cap Rate 7%
$175,529
Cap Rate 9%
$136,522
Alternative Uses
Best Use
Apartment 5plus
$175.5K
$153.6K – $204.8K
NOI $12,287 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$539.9K
$472.4K – $629.8K
NOI $37,790 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home park property with central air, a covered deck, and double-vanity interior features.
Where is this mobile home & rv park located?
The property is located at 2101 S State Street #65 Ukiah, CA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Mobile home park property at 2101 S State Street #65, Ukiah, CA 95482; Built in 2009; Central air and central heating
