Mobile Home & RV
For Sale
$359,900
2900 Fairview Road 76, Hollister, CA 95023
Newer model home under factory extended warranty with an open floor plan, center island workstation, and solid-surface finishes.
Property Size1,178 SF
Price / SF$305.52
Days on Market45
Property Features for 2900 Fairview Road 76
General Information
Standard status
Active
Size
1,178 SF
Property subtype
Manufactured In Park
Amenities
clubhouse
laundry facilities
Listing Agency:
Realty World - Advantage
(831) 612-0123
Listed By:
Ray Rojas
(831) 261-4898
Source:
Kaleorealestate
Added: Jul 26
Changed: Sep 8
Last Checked: Sep 8 at 6:42AM
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 Realty World - Advantage
Investment Insights
Based on property information with market context.
This property is a mobile home and RV park setting featuring a newer model home still under factory extended warranty. Inside, the home offers an open floor plan with a center island work station, solid surface countertops, and stainless steel appliances. The kitchen includes ample cabinet space, and the master bathroom features solid surface countertops with dual sinks and a tile 60" stall shower.
The home is positioned in the park across from guest parking and a greenbelt area, with convenient access to the clubhouse and laundry facilities on foot.
The listing also notes low space rent, along with bike and walkability indicators showing a somewhat bikeable area and a car-dependent environment.
The home is positioned in the park across from guest parking and a greenbelt area, with convenient access to the clubhouse and laundry facilities on foot.
The listing also notes low space rent, along with bike and walkability indicators showing a somewhat bikeable area and a car-dependent environment.
Key Highlights
- 2022 newer model home under factory extended warranty
- Open floor plan with center island workstation
- Solid‑surface countertops and ample cabinet space in the kitchen
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
$22,391
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
6.22%
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%
$447,820
$447.8K
Cap Rate 7%
$319,871
$319.9K
Cap Rate 9%
$248,789
$248.8K
Market Conditions
NOI Build-Up for 1,178 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
$42.4K $36.00/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$40.7K $34.56/SF
− OpEx
−$18.3K −$15.55/SF
NOI
$22.4K $19.01/SF
Area
San Benito County, CA
Vacancy
4.00%
Lease Rate
$36.00 /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%
$447,820
Cap Rate 7%
$319,871
Cap Rate 9%
$248,789
Alternative Uses
Best Use
Apartment 5plus
$319.9K
$279.9K – $373.2K
NOI $22,391 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.2K
$622.3K – $829.7K
NOI $49,782 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 95023, CA
56,973
Population
18,043
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
394.8 sq mi
ZIP Area
144
Density / Sq Mi
$108,156
Median Household Income
$47,362
Median Earnings
$1,908
Median Rent
$740,500
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 - Newer model home under factory extended warranty with an open floor plan, center island workstation, and solid-surface finishes.
Where is this mobile home & rv park located?
The property is located at 2900 Fairview Road 76 Hollister, CA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2022 newer model home under factory extended warranty; Open floor plan with center island workstation; Solid‑surface countertops and ample cabinet space in the kitchen
