55+ Mobile Home Park
For Sale
$199,000
31 Ramon Street, Sonoma, CA 95476
Adult 55+ park home offering two bedrooms and one bath, with access to multiple community amenities.
Property Size1,014 SF
Price / SF$196.25
Days on Market83
Property Features for 31 Ramon Street
General Information
Standard status
Active
Size
1,014 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Additional Details
Business Included
No
Amenities
swimming pool
clubhouse
library
game room
meeting room
full kitchen
Evaporative Cooling
Central
Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood
Double Vanity, Laminate Counters
Attached, Covered, No Garage
Building Details
Year Built
1988
Listing Agency:
Century 21 Epic Wine Country
(707) 321-3290
Listed By:
Golly McGinty
(707) 321-3290
Source:
Evrealestate
Added: Jun 3
Changed: Aug 24
Last Checked: Aug 24 at 3:41AM
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 Century 21 Epic Wine Country
Investment Insights
Based on property information with market context.
Sonoma Oaks is an adult 55+ mobile home park in Sonoma, California. The property offered here is a 2-bedroom, 1-bath home with approximately 1,014 square feet of living space. The setting is described as peaceful, surrounded by greenery.
Residents have access to community amenities including a swimming pool, a clubhouse with library, a game room, a meeting room, and a full kitchen. The public remarks also note convenient proximity to Maxwell Park, a shopping center, Sonoma Plaza, restaurants, banks, and medical facilities, along with nearby public transportation.
The community experience is further supported by references to year-round community events, as well as nearby wine tasting and farmers markets.
Residents have access to community amenities including a swimming pool, a clubhouse with library, a game room, a meeting room, and a full kitchen. The public remarks also note convenient proximity to Maxwell Park, a shopping center, Sonoma Plaza, restaurants, banks, and medical facilities, along with nearby public transportation.
The community experience is further supported by references to year-round community events, as well as nearby wine tasting and farmers markets.
Key Highlights
- 55+ adult mobile home park community
- 2‑bedroom, 1‑bath home with approx. 1,014 sq ft of living space
- Community clubhouse with library, game room, meeting room, and full 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
$7,517
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
3.78%
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%
$150,340
$150.3K
Cap Rate 7%
$107,386
$107.4K
Cap Rate 9%
$83,522
$83.5K
Market Conditions
NOI Build-Up for 1,014 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
$14.6K $14.40/SF
− Vacancy
−$935 −$0.92/SF
EGI
$13.7K $13.48/SF
− OpEx
−$6.2K −$6.07/SF
NOI
$7.5K $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%
$150,340
Cap Rate 7%
$107,386
Cap Rate 9%
$83,522
Alternative Uses
Best Use
Apartment 5plus
$107.4K
$94.0K – $125.3K
NOI $7,517 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$274.8K
$240.4K – $320.6K
NOI $19,234 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Explore this area
Business Placement
Demographics for 95476, CA
34,575
Population
16,974
Households
2
Avg Household Size
50
Median Age
41%
College-Educated
90%
High-School Grad
107.8 sq mi
ZIP Area
321
Density / Sq Mi
$108,322
Median Household Income
$52,530
Median Earnings
$2,127
Median Rent
$882,300
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 - Adult 55+ park home offering two bedrooms and one bath, with access to multiple community amenities.
Where is this mobile home & rv park located?
The property is located at 31 Ramon Street Sonoma, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 55+ adult mobile home park community; 2‑bedroom, 1‑bath home with approx. 1,014 sq ft of living space; Community clubhouse with library, game room, meeting room, and full kitchen
