Mobile Home Park
For Sale
$48,500
Pending
230 Theresa Drive #36, Cloverdale, CA 95425
For sale mobile home park space #36 in Cloverdale, located off Dutcher Creek via Park Entrance.
Property Size350 SF
Days on Market86
Property Features for 230 Theresa Drive #36
General Information
Standard status
Pending
Size
350 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Propane
Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood
Laminate Counters
Attached, Inside Entrance
Building Details
Year Built
2016
Listed By:
Berni Baxter · License #01353119
(707) 695-8121
Source:
Evrealestate
Added: Jun 12
Changed: Aug 22
Last Checked: Sep 5 at 5:45AM
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 Berni Baxter
Investment Insights
Based on property information with market context.
This offering is for a mobile home park lot identified as unit space #36 at 230 Theresa Drive in Cloverdale, California. The property is marketed under residential income and mobile home/RV park classifications.
Access is provided from Highway 101 to Dutcher Creek, then to the Park Entrance. From the entrance, directions indicate keeping left and continuing up the hill.
The information provided does not include additional improvements, lot configuration, or utility details, so prospective buyers should confirm all site and operational specifics directly with the seller or listing broker prior to underwriting or scheduling due diligence.
Access is provided from Highway 101 to Dutcher Creek, then to the Park Entrance. From the entrance, directions indicate keeping left and continuing up the hill.
The information provided does not include additional improvements, lot configuration, or utility details, so prospective buyers should confirm all site and operational specifics directly with the seller or listing broker prior to underwriting or scheduling due diligence.
Key Highlights
- Mobile home park space #36 in Cloverdale, located off Dutcher Creek via Park Entrance
- Built in 2016
- Propane 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
$2,595
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
5.35%
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%
$51,900
$51.9K
Cap Rate 7%
$37,071
$37.1K
Cap Rate 9%
$28,833
$28.8K
Market Conditions
NOI Build-Up for 350 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
$5.0K $14.40/SF
− Vacancy
−$323 −$0.92/SF
EGI
$4.7K $13.48/SF
− OpEx
−$2.1K −$6.07/SF
NOI
$2.6K $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%
$51,900
Cap Rate 7%
$37,071
Cap Rate 9%
$28,833
Alternative Uses
Best Use
Apartment 5plus
$37.1K
$32.4K – $43.3K
NOI $2,595 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$94.8K
$83.0K – $110.7K
NOI $6,639 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 95425, CA
11,252
Population
4,600
Households
2.4
Avg Household Size
44
Median Age
32%
College-Educated
84%
High-School Grad
191.8 sq mi
ZIP Area
59
Density / Sq Mi
$107,281
Median Household Income
$52,487
Median Earnings
$1,307
Median Rent
$647,000
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 mobile home park space #36 in Cloverdale, located off Dutcher Creek via Park Entrance.
Where is this mobile home & rv park located?
The property is located at 230 Theresa Drive #36 Cloverdale, CA.
What is the asking price?
The asking price for this property is $48,500.
What are key features of this property?
This property features: Mobile home park space #36 in Cloverdale, located off Dutcher Creek via Park Entrance; Built in 2016; Propane heating
