Hillside Mobile Home & RV
For Sale
$48,500
36-230 Theresa Dr, Cloverdale, CA 95425
One-bedroom RV with an updated kitchen, custom storage, and expansive hillside views.
Property Size350 SF
Price / SF$138.57
Days on Market57
Property Features for 36-230 Theresa Dr
General Information
Standard status
Active
Size
350 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Listing Agency:
Coldwell Banker Realty
6958121
Listed By:
Berni Baxter
6958121
Source:
Exprealty
Added: Jun 13
Changed: Aug 4
Last Checked: Aug 8 at 8:43AM
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 Realty
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath RV is situated within Dutcher Creek Village, an all-age mobile home and RV community. The interior includes an updated kitchen with a gas range, refrigerator, and ample storage. A pop-out expands the living room while adding natural light, and a custom-built front door provides a distinctive entry feature. Outside, a custom wood shed offers additional storage.
The RV occupies a private hillside setting near the top of the community, with broad views across the surrounding area. Dutcher Creek Village is located in Cloverdale, California, near shopping, dining, and recreational options. The property is suited to full-time residence, weekend use, or other residential occupancy consistent with the community setting.
The RV occupies a private hillside setting near the top of the community, with broad views across the surrounding area. Dutcher Creek Village is located in Cloverdale, California, near shopping, dining, and recreational options. The property is suited to full-time residence, weekend use, or other residential occupancy consistent with the community setting.
Key Highlights
- 1‑bedroom, 1‑bath RV in Dutcher Creek Village
- Updated kitchen with gas range, refrigerator, and ample storage
- Living room pop‑out adds space and natural light
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
$2,595
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
5.35%
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%
$51,900
$51.9K
Cap Rate 7%
$37,071
$37.1K
Cap Rate 9%
$28,833
$28.8K
Market Conditions
NOI Build-Up for 350 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
$5.0K $14.40/SF
− Vacancy
−$323 −$0.92/SF
EGI
$4.7K $13.48/SF
− OpEx
−$2.1K −$6.07/SF
NOI
$2.6K $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%
$51,900
Cap Rate 7%
$37,071
Cap Rate 9%
$28,833
Alternative Uses
Best Use
Apartment 5plus
$37.1K
$32.4K – $43.3K
NOI $2,595 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$94.8K
$83.0K – $110.7K
NOI $6,639 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 95425, CA
11,252
Population
4,600
Households
2.4
Avg Household Size
44
Median Age
32%
College-Educated
84%
High-School Grad
191.8 sq mi
ZIP Area
59
Density / Sq Mi
$107,281
Median Household Income
$52,487
Median Earnings
$1,307
Median Rent
$647,000
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 - One-bedroom RV with an updated kitchen, custom storage, and expansive hillside views.
Where is this mobile home & rv park located?
The property is located at 36-230 Theresa Dr Cloverdale, CA.
What is the asking price?
The asking price for this property is $48,500.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath RV in Dutcher Creek Village; Updated kitchen with gas range, refrigerator, and ample storage; Living room pop‑out adds space and natural light
