Mobile Home Park Unit for
For Sale
$69,999
Pending
311 Lake Mendocino Drive #14, Ukiah, CA 95482
Small mobile home and RV park unit offered for sale in Mendocino County.
Property Size720 SF
Days on Market73
Property Features for 311 Lake Mendocino Drive #14
General Information
Standard status
Pending
Size
720 SF
Total Parking Spaces
1
Property subtype
Manufactured In Park
Amenities
Ductless
Electric
Assigned
Building Details
Year Built
1973
Listing Agency:
(707) 272-5523
Listed By:
Caren J. Quintero
(707) 272-5523
Source:
Evrealestate
Added: Jun 12
Changed: Aug 9
Last Checked: Aug 8 at 6:47AM
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 Caren J. Quintero
Investment Insights
Based on property information with market context.
This offering is a small mobile home and RV park unit for sale at 311 Lake Mendocino Drive, identified as Unit #14. It is also marketed under multifamily and residential income property types, making it relevant for buyers who prefer small-scale housing or park-style ownership.
Directions indicate the property is reached by taking off-ramp access from Highway 101, turning left onto N State Street, then turning right on Lake Mendocino. The listing is located in Mendocino County, CA.
For buyers, this unit can fit a range of residential income strategies where ownership centers on a mobile home or park unit rather than traditional single-family structure. For operators, it may be considered as part of a broader approach to owning and managing small residential assets within a mobile home and RV park environment. Interested parties should review the unit specifics and any applicable park rules directly as part of their due diligence, since the listing information provided is limited to property type and directions.
Directions indicate the property is reached by taking off-ramp access from Highway 101, turning left onto N State Street, then turning right on Lake Mendocino. The listing is located in Mendocino County, CA.
For buyers, this unit can fit a range of residential income strategies where ownership centers on a mobile home or park unit rather than traditional single-family structure. For operators, it may be considered as part of a broader approach to owning and managing small residential assets within a mobile home and RV park environment. Interested parties should review the unit specifics and any applicable park rules directly as part of their due diligence, since the listing information provided is limited to property type and directions.
Key Highlights
- Ductless cooling and electric heating
- Assigned parking included
- Year built: 1973
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
$6,127
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
8.75%
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%
$122,540
$122.5K
Cap Rate 7%
$87,529
$87.5K
Cap Rate 9%
$68,078
$68.1K
Market Conditions
NOI Build-Up for 720 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
$11.7K $16.20/SF
− Vacancy
−$525 −$0.73/SF
EGI
$11.1K $15.47/SF
− OpEx
−$5.0K −$6.96/SF
NOI
$6.1K $8.51/SF
Area
Mendocino County, CA
Vacancy
4.50%
Lease Rate
$16.20 /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%
$122,540
Cap Rate 7%
$87,529
Cap Rate 9%
$68,078
Alternative Uses
Best Use
Apartment 5plus
$87.5K
$76.6K – $102.1K
NOI $6,127 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$269.2K
$235.5K – $314.1K
NOI $18,843 @ 7.0% cap · market cap 26.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 95482, CA
33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
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 - Small mobile home and RV park unit offered for sale in Mendocino County.
Where is this mobile home & rv park located?
The property is located at 311 Lake Mendocino Drive #14 Ukiah, CA.
What is the asking price?
The asking price for this property is $69,999.
What are key features of this property?
This property features: Ductless cooling and electric heating; Assigned parking included; Year built: 1973
