Residential Income
For Sale
$139,000
Pending
229 Cazares Circle, Sonoma, CA 95476
For sale residential income property at 229 Cazares Circle in Sonoma, listed for $156,000.
Property Size1,200 SF
Days on Market164
Property Features for 229 Cazares Circle
General Information
Standard status
Pending
Size
1,200 SF
Total Parking Spaces
1
Property subtype
Manufactured In Park
Amenities
Central Air
Central
Dishwasher, Disposal, Double Oven, Electric Cooktop, Gas Water Heater, Range Hood
Covered
Building Details
Year Built
1967
Listed By:
Diana Kayser
(707) 548-8444
Source:
Evrealestate
Added: Mar 27
Changed: Aug 7
Last Checked: Jul 24 at 8:20AM
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 Diana Kayser
Investment Insights
Based on property information with market context.
This residential income property is offered for sale and is located at 229 Cazares Circle in Sonoma, CA 95476. The listing includes a reported property size of 1,200 (units not specified in the provided information).
Public directions provided for access are: take 5th St W to Smith St to Del Rio Paseo to Cazares Cir. The property is situated in Sonoma County.
Based on the available record, the asset is categorized under multiple property types including mobile home & RV parks, multifamily properties, and residential income properties.
Public directions provided for access are: take 5th St W to Smith St to Del Rio Paseo to Cazares Cir. The property is situated in Sonoma County.
Based on the available record, the asset is categorized under multiple property types including mobile home & RV parks, multifamily properties, and residential income properties.
Key Highlights
- Residential income property for sale at 229 Cazares Circle in Sonoma, listed at $156,000
- Built in 1967
- Central air conditioning 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
$8,896
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
6.40%
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%
$177,920
$177.9K
Cap Rate 7%
$127,086
$127.1K
Cap Rate 9%
$98,844
$98.8K
Market Conditions
NOI Build-Up for 1,200 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
$17.3K $14.40/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$16.2K $13.48/SF
− OpEx
−$7.3K −$6.07/SF
NOI
$8.9K $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%
$177,920
Cap Rate 7%
$127,086
Cap Rate 9%
$98,844
Alternative Uses
Best Use
Apartment 5plus
$127.1K
$111.2K – $148.3K
NOI $8,896 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$325.2K
$284.5K – $379.4K
NOI $22,762 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 95476, CA
34,575
Population
16,974
Households
2
Avg Household Size
50
Median Age
41%
College-Educated
90%
High-School Grad
107.8 sq mi
ZIP Area
321
Density / Sq Mi
$108,322
Median Household Income
$52,530
Median Earnings
$2,127
Median Rent
$882,300
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 - For sale residential income property at 229 Cazares Circle in Sonoma, listed for $156,000.
Where is this mobile home & rv park located?
The property is located at 229 Cazares Circle Sonoma, CA.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Residential income property for sale at 229 Cazares Circle in Sonoma, listed at $156,000; Built in 1967; Central air conditioning and central heating
