Remodeled Park Model in Guard-Gated
For Sale
$149,000
307-69801 Ramon Rd, Cathedral City, CA 92234
Remodeled park model with new roof and HVAC in a guard-gated resort community with pools, fitness, and tennis.
Property Size400 SF
Price / SF$372.50
Days on Market156
Property Features for 307-69801 Ramon Rd
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Building Details
Year Built
1991
Listing Agency:
SolCal Properties
(760) 766-2013
Listed By:
Darcey Deetz · License #01374659
(760) 808-1449
Source:
Exprealty
Added: Apr 7
Changed: Sep 6
Last Checked: Sep 8 at 9:59AM
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 SolCal Properties
Investment Insights
Based on property information with market context.
This turnkey package features a remodeled 1991 park model designed for year-round living. Updates include a new roof and a new HVAC system, along with thoughtful improvements throughout the home. The property also features attractive landscaping, added privacy along the south wall, a raised balcony for outdoor living, and a separate storage shed.
Desert Shadows RV Resort is a 55+ guard-gated community in Cathedral City offering resort-style amenities and activities. Residents can enjoy multiple pools and spas, including an indoor pool, plus a fitness center, tennis and pickleball courts, clubhouses, a library, hobby rooms, and organized social events throughout the year.
Ideal for either a seasonal getaway or full-time desert retreat, the community combines an active 55+ lifestyle with convenient access to Palm Springs, Rancho Mirage, and nearby shopping, dining, and entertainment.
Desert Shadows RV Resort is a 55+ guard-gated community in Cathedral City offering resort-style amenities and activities. Residents can enjoy multiple pools and spas, including an indoor pool, plus a fitness center, tennis and pickleball courts, clubhouses, a library, hobby rooms, and organized social events throughout the year.
Ideal for either a seasonal getaway or full-time desert retreat, the community combines an active 55+ lifestyle with convenient access to Palm Springs, Rancho Mirage, and nearby shopping, dining, and entertainment.
Key Highlights
- Turnkey remodeled 1991 park model designed for year‑round living
- New roof and new HVAC system
- Added privacy with the home positioned along the south wall
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
$6,475
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
4.35%
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%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 400 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
$12.0K $30.00/SF
− Vacancy
−$228 −$0.57/SF
EGI
$11.8K $29.43/SF
− OpEx
−$5.3K −$13.24/SF
NOI
$6.5K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /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%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 92234, CA
51,509
Population
23,114
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
3,480
Density / Sq Mi
$67,031
Median Household Income
$34,895
Median Earnings
$1,554
Median Rent
$420,700
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 - Remodeled park model with new roof and HVAC in a guard-gated resort community with pools, fitness, and tennis.
Where is this mobile home & rv park located?
The property is located at 307-69801 Ramon Rd Cathedral City, CA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Turnkey remodeled 1991 park model designed for year‑round living; New roof and new HVAC system; Added privacy with the home positioned along the south wall
