One-Story Duet Multifamily
For Sale
$310,000
2299 Rustic Oak Lane, Rio Vista, CA 94571
Single-level duet residence in a 55+ community with updated finishes, owned solar, and access to extensive shared amenities.
Property Size1,160 SF
Price / SF$267.24
Days on Market111
Property Features for 2299 Rustic Oak Lane
General Information
Standard status
Active
Size
1,160 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Multifamily Units
1
Amenities
clubhouse
gathering barn
tennis and pickleball courts
pool and spa
fitness center
planned activities
Building Details
Year Built
2022
Buildings
1
Stories
1
Listing Agency:
Refined Realty Group
(916) 459-0246
Listed By:
Christopher J. Saizan · License #01720913
(916) 459-0246
Source:
Exitrealty
Added: May 13
Changed: Aug 31
Last Checked: Aug 31 at 2:21AM
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 Refined Realty Group
Investment Insights
Based on property information with market context.
Located at 2299 Rustic Oak Lane in Rio Vista, this one-story duet residence offers 1,160 square feet of living space within the Summit at Liberty 55+ active adult community. The interior includes a living room and kitchen eating area with recessed lighting, white cabinetry, granite countertops, a backsplash at the stove, stainless steel appliances, and luxury vinyl plank flooring throughout. The refrigerator, washer, and dryer are included, and push-up window blinds are installed throughout the home.
The property also features a 1-car garage and owned solar. Community amenities include a clubhouse, gathering barn, tennis and pickleball courts, pool and spa, fitness center, and planned activities. Built in 2022, the residence combines a recently constructed home with the shared recreational features of an active adult setting.
The property also features a 1-car garage and owned solar. Community amenities include a clubhouse, gathering barn, tennis and pickleball courts, pool and spa, fitness center, and planned activities. Built in 2022, the residence combines a recently constructed home with the shared recreational features of an active adult setting.
Key Highlights
- 1,160‑square‑foot one‑story duet residence
- Built in 2022 within the Summit at Liberty 55+ active adult community
- Owned solar and 1‑car garage
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
$17,603
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
5.68%
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%
$352,060
$352.1K
Cap Rate 7%
$251,471
$251.5K
Cap Rate 9%
$195,589
$195.6K
Market Conditions
NOI Build-Up for 1,160 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
$33.4K $28.80/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$32.0K $27.59/SF
− OpEx
−$14.4K −$12.42/SF
NOI
$17.6K $15.17/SF
Area
Solano County, CA
Vacancy
4.20%
Lease Rate
$28.80 /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%
$352,060
Cap Rate 7%
$251,471
Cap Rate 9%
$195,589
Alternative Uses
Best Use
Apartment 5plus
$251.5K
$220.0K – $293.4K
NOI $17,603 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$387.1K
$338.7K – $451.6K
NOI $27,096 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 94571, CA
10,439
Population
5,525
Households
1.9
Avg Household Size
62
Median Age
33%
College-Educated
89%
High-School Grad
109.1 sq mi
ZIP Area
96
Density / Sq Mi
$85,212
Median Household Income
$47,586
Median Earnings
$1,444
Median Rent
$479,900
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?
Multifamily property - Single-level duet residence in a 55+ community with updated finishes, owned solar, and access to extensive shared amenities.
Where is this multifamily property located?
The property is located at 2299 Rustic Oak Lane Rio Vista, CA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,160‑square‑foot one‑story duet residence; Built in 2022 within the Summit at Liberty 55+ active adult community; Owned solar and 1‑car garage
