Mobile Home Park
For Sale
$195,000
261 Hermosa Circle, Santa Rosa, CA 95409
For sale mobile home park lot located within Rancho Cabeza Mobile Home Park in Sonoma County.
Property Size1,000 SF
Price / SF$195
Days on Market82
Property Features for 261 Hermosa Circle
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Ceiling Fan(s), Central Air
Central
Dishwasher, Microwave
Laminate Counters
Assigned, Covered, Guest
Building Details
Year Built
2004
Listed By:
Ashley Janssen
(707) 484-2714
Source:
Evrealestate
Added: Jun 15
Changed: Sep 3
Last Checked: Sep 4 at 4:48AM
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 Ashley Janssen
Investment Insights
Based on property information with market context.
This listing is for a mobile home park lot within Rancho Cabeza Mobile Home Park, located at 261 Hermosa Circle. The property is offered for sale in Sonoma County.
Directions to the lot are provided via Calistoga Road, turning into the mobile home park and then proceeding to Hermosa Circle for house #261.
Because the provided information is limited to the lot’s presence within the park, prospective buyers should verify all details tied to the specific site and any associated terms before proceeding.
Directions to the lot are provided via Calistoga Road, turning into the mobile home park and then proceeding to Hermosa Circle for house #261.
Because the provided information is limited to the lot’s presence within the park, prospective buyers should verify all details tied to the specific site and any associated terms before proceeding.
Key Highlights
- Mobile home park lot within Rancho Cabeza Mobile Home Park in Sonoma County
- Year built: 2004
- Central air cooling with ceiling fans
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
$17,467
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
8.96%
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%
$349,340
$349.3K
Cap Rate 7%
$249,529
$249.5K
Cap Rate 9%
$194,078
$194.1K
Market Conditions
NOI Build-Up for 1,000 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 $33.36/SF
− Vacancy
−$1.6K −$1.60/SF
EGI
$31.8K $31.76/SF
− OpEx
−$14.3K −$14.29/SF
NOI
$17.5K $17.47/SF
Area
Santa Rosa, CA
Vacancy
4.80%
Lease Rate
$33.36 /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%
$349,340
Cap Rate 7%
$249,529
Cap Rate 9%
$194,078
Alternative Uses
Best Use
Apartment 5plus
$249.5K
$218.3K – $291.1K
NOI $17,467 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$277.8K
$243.1K – $324.1K
NOI $19,448 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 95409, CA
27,741
Population
12,499
Households
2.2
Avg Household Size
53
Median Age
50%
College-Educated
95%
High-School Grad
35.0 sq mi
ZIP Area
793
Density / Sq Mi
$105,736
Median Household Income
$59,003
Median Earnings
$2,346
Median Rent
$807,800
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 lot located within Rancho Cabeza Mobile Home Park in Sonoma County.
Where is this mobile home & rv park located?
The property is located at 261 Hermosa Circle Santa Rosa, CA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Mobile home park lot within Rancho Cabeza Mobile Home Park in Sonoma County; Year built: 2004; Central air cooling with ceiling fans
