Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21581 Phoenix Lake Rd Sonora, CA 95370

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    13-unit mobile home park with development parcel near Yosemite.

    Property Features for 21581 Phoenix Lake Rd

    General Information

    Standard status
    Active
    Zoning
    R-3 / O

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Pierce Brazil
    Source: Crexi

    Listing Agency: Commercial Real Estate Investors, Inc. Listing Agent: Pierce Brazil

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Sonora MHP Near Yosemite Park

    Hemingway’s Retreat is a 13-unit mobile home park located in Sonora, California, in the foothills of Tuolumne County along the Yosemite National Park corridor. The property includes park-owned homes valued at $500,000, along with an additional development parcel. The unit mix consists of 9 park-owned homes, 3 tenant-owned homes, and 1 single-family residence, providing multiple income streams. Recent capital improvements have been completed, with additional improvements underway, including a utility conversion program funded by current ownership. This transition to direct-billed utilities is expected to reduce operating expenses and improve efficiency. The property is located approximately 60 minutes from Yosemite National Park, 1 hour from Modesto, and 2 hours from Sacramento.
    Location Intelligence

    Current Use by Public Records

    Hidden Valley Trailer ... Campground & RV Park Windshield Repair Today ... Auto Repair Shop

    Suggested Use

    Spa & Massage Center Auto Repair Shop Gym & Fitness Center Skin Care Clinic Hotel & Motel Kitchen & Bath Showroom Furniture & Home Goods Garden Center Acupuncture Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sonora
    County
    Tuolumne
    State
    California
    Longitude
    -120.2855869
    Latitude
    38.0121593

    Nearby Similar for Sale

    • $423,000
      Pending

      Historic Downtown Sonora Commercial Property

      Prime corner location suitable for retail, services, or hospitality.
      35 S Washington St, Sonora, CA 95370
      View Details
    • $423,000
      Pending

      Historic Downtown Sonora Retail Opportunity

      Prime corner location suitable for retail, services, or hospitality.
      35 S Washington St, Sonora, CA 95370
      View Details
    • $149,000
      1,246 SF

      New Home in 55+ Community

      New 1,246 sqft home in Sonora's Cascade Estates.
      18330 Wards Ferry Rd, Sonora, CA 95370
      View Details
    • Contact for pricing
      Pending

      Sonora Office Buildings For Sale

      Three buildings with versatile spaces near Highway 49 and Downtown Sonora.
      21663 Brian Ln, Sonora, CA 95370
      View Details
    • $799,000
      6,256 SF

      Downtown Sonora Commercial Building

      Commercial building with private parking in downtown Sonora, California.
      Shepherd St, Sonora, CA 95370
      View Details
    • Contact for pricing
      4,000 SF

      High Visibility Commercial Building

      Versatile commercial building on Tuolumne Road with high-traffic exposure.
      14326 Tuolumne Rd, Sonora, CA 95370
      View Details
    • Contact for pricing
      4,731 SF

      Multi-Use Property with Commercial Kitchen

      Updated home and shop with certified commercial kitchen.
      13676 Tuolumne Rd, Sonora, CA 95370
      View Details
    • New
      Contact for pricing
      4,872 SF

      Veterinary Property on Mono Way

      Veterinary clinic with boarding and equine services on 1.43 acres.
      14401 Mono Way, Sonora, CA 95370
      View Details
    • $799,000
      0.09 Acres

      Downtown Sonora Shoe Store

      Thriving Business, Prime Location
      4 Washington St, Sonora, CA 95370
      View Details
    • $369,000
      2,275 SF

      Sonora Industrial Condo For Sale

      Prime Flex Space, High Visibility
      18851 Microtronics Way, Sonora, CA 95370
      View Details
    • Contact for pricing
      4,943 SF

      Well-Maintained 5-Plex Near Downtown Sonora

      Newer 5-unit apartment building in a desirable location.
      13079 Beckwith Rd, Sonora, CA 95370
      View Details
    • Contact for pricing
      4,377 SF

      Versatile Commercial Building in Sonora

      Spacious commercial building with rental potential in Sonora, California.
      598 S Washington St, Sonora, CA 95370
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - 13-unit mobile home park with development parcel near Yosemite.
    Where is this mobile home & rv park located?
    The property is located at 21581 Phoenix Lake Rd Sonora, CA.
    What are key features of this property?
    This property features: - Strong in-place cash flow with multiple income streams.; - $500,000 in park-owned homes included.; - Value-add opportunity with utility conversion program underway.
    Request Owner's contact information
    21581 Phoenix Lake Rd Sonora, CA 95370
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21581 Phoenix Lake Rd
    Sonora, CA 95370
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21581 Phoenix Lake Rd Sonora, CA 95370
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Pierce Brazil
    Real Estate License ID: 02247759
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!