Mobile Home in
For Sale
$236,000
Pending
303 Robert Way, Napa, CA 94558
Located within Sun Community, the home is positioned as the second residence on Robert Way.
Property Size1,152 SF
Days on Market56
Property Features for 303 Robert Way
General Information
Standard status
Pending
Size
1,152 SF
Total Parking Spaces
3
Property subtype
Manufactured In Park
Amenities
Central Air, Evaporative Cooling
Central
Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave
Covered, Guest, Unassigned
Building Details
Year Built
1994
Listing Agency:
COLDWELL BANKER BROKERS OF THE VALLEY
Listed By:
Christopher L. Colzani · License #02123634
(707) 812-8973
Source:
Evrealestate
Added: Jul 13
Changed: Aug 13
Last Checked: Aug 12 at 6:10AM
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 COLDWELL BANKER BROKERS OF THE VALLEY
Investment Insights
Based on property information with market context.
This mobile home is located inside Sun Community. Per the provided directions, 303 Robert is the second home on your left after entering the community and driving past the pool.
The property is in Napa County, California, with directions given from Solano Ave via Orchard Ave into Sun Community. The route includes turning past the pool on the left side and taking the first left to reach 303 Robert Way.
Details provided include the list price of $236,000 and a property size of 1,152. All other site and unit-specific features were not included in the information provided.
The property is in Napa County, California, with directions given from Solano Ave via Orchard Ave into Sun Community. The route includes turning past the pool on the left side and taking the first left to reach 303 Robert Way.
Details provided include the list price of $236,000 and a property size of 1,152. All other site and unit-specific features were not included in the information provided.
Key Highlights
- 1994‑built home within the Sun Community on Robert Way
- Central heating and central air plus evaporative cooling
- Appliances include dishwasher, disposal, free‑standing gas range, microwave, and free‑standing refrigerator
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
$18,380
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
7.79%
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%
$367,600
$367.6K
Cap Rate 7%
$262,571
$262.6K
Cap Rate 9%
$204,222
$204.2K
Market Conditions
NOI Build-Up for 1,152 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
$35.3K $30.60/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$33.4K $29.01/SF
− OpEx
−$15.0K −$13.05/SF
NOI
$18.4K $15.95/SF
Area
Napa County, CA
Vacancy
5.20%
Lease Rate
$30.60 /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%
$367,600
Cap Rate 7%
$262,571
Cap Rate 9%
$204,222
Alternative Uses
Best Use
Apartment 5plus
$262.6K
$229.8K – $306.3K
NOI $18,380 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,728 @ 7.0% cap · market cap 68.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 94558, CA
65,473
Population
27,402
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
85%
High-School Grad
399.9 sq mi
ZIP Area
164
Density / Sq Mi
$109,444
Median Household Income
$51,955
Median Earnings
$2,248
Median Rent
$855,600
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 - Located within Sun Community, the home is positioned as the second residence on Robert Way.
Where is this mobile home & rv park located?
The property is located at 303 Robert Way Napa, CA.
What is the asking price?
The asking price for this property is $236,000.
What are key features of this property?
This property features: 1994‑built home within the Sun Community on Robert Way; Central heating and central air plus evaporative cooling; Appliances include dishwasher, disposal, free‑standing gas range, microwave, and free‑standing refrigerator
