Residential Income
For Sale
$179,900
32 Avenida Corrida De Toros, Vacaville, CA 95687
The residence features central air, a kitchen island, and a stacked washer and dryer.
Property Size1,100 SF
Price / SF$163.55
Days on Market123
Property Features for 32 Avenida Corrida De Toros
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
1
Property subtype
Manufactured In Park
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central Air, Window Unit(s)
Central
Washer/Dryer Stacked
Kitchen Island
Free Standing, Other
Covered
Listing Agency:
RE/MAX Gold
(707) 704-7888
Listed By:
Kelly Harper · License #01245227
Source:
Evrealestate
Added: May 1
Changed: Aug 30
Last Checked: Aug 30 at 3:03PM
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 RE/MAX Gold
Investment Insights
Based on property information with market context.
This 1,100-square-foot residential income property is located within El Matador MHP in Vacaville. The home includes central air, a window unit, central heating, a kitchen island, and a stacked washer and dryer. A covered exterior feature adds to the property’s physical improvements.
The home sits along the park’s perimeter road near guest parking. Access is available from I-80 via the Alamo Drive exit, with the property reached through Alamo Lane and the El Matador MHP entrance.
The home sits along the park’s perimeter road near guest parking. Access is available from I-80 via the Alamo Drive exit, with the property reached through Alamo Lane and the El Matador MHP entrance.
Key Highlights
- 1,100‑square‑foot residential income property
- Located within El Matador MHP in Vacaville
- Central air, window unit, and central heating
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
$16,553
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
9.20%
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%
$331,060
$331.1K
Cap Rate 7%
$236,471
$236.5K
Cap Rate 9%
$183,922
$183.9K
Market Conditions
NOI Build-Up for 1,100 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
$31.7K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$30.1K $27.36/SF
− OpEx
−$13.5K −$12.31/SF
NOI
$16.6K $15.05/SF
Area
Vacaville, CA
Vacancy
5.00%
Lease Rate
$28.80 /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%
$331,060
Cap Rate 7%
$236,471
Cap Rate 9%
$183,922
Alternative Uses
Best Use
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,553 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.0K
$283.5K – $378.0K
NOI $22,678 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 95687, CA
69,837
Population
24,283
Households
2.9
Avg Household Size
39
Median Age
25%
College-Educated
90%
High-School Grad
44.6 sq mi
ZIP Area
1,566
Density / Sq Mi
$106,648
Median Household Income
$53,027
Median Earnings
$2,250
Median Rent
$583,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence features central air, a kitchen island, and a stacked washer and dryer.
Where is this residential income property located?
The property is located at 32 Avenida Corrida De Toros Vacaville, CA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 1,100‑square‑foot residential income property; Located within El Matador MHP in Vacaville; Central air, window unit, and central heating
