Mobile Home Residential Income
For Sale
$169,999
Pending
362 Circulo San Marcus, Rohnert Park, CA 94928
Two-bedroom home includes two full baths and a full appliance package.
Property Size1,440 SF
Days on Market181
Property Features for 362 Circulo San Marcus
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Manufactured In Park
Listing Agency:
Safer Properties
(707) 978-4303
Listed By:
Cynthia Wise
Source:
Exprealty
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 10 at 8:51AM
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 Safer Properties
Investment Insights
Based on property information with market context.
This mobile home in Rancho Grande features 2 bedrooms and 2 full baths within 1,440 square feet. The sale includes a washer, dryer, refrigerator, and dishwasher, providing a defined residential layout with core household appliances already in place.
The property is located in Rohnert Park with access to shopping and Hwy 101. It is situated within a mobile home park and offers a practical residential income property configuration for a purchaser seeking a home with established major appliances.
The property is located in Rohnert Park with access to shopping and Hwy 101. It is situated within a mobile home park and offers a practical residential income property configuration for a purchaser seeking a home with established major appliances.
Key Highlights
- 2 bedrooms and 2 full baths
- 1,440 square feet
- Washer, dryer, refrigerator, and dishwasher convey
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
$10,675
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
6.28%
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%
$213,500
$213.5K
Cap Rate 7%
$152,500
$152.5K
Cap Rate 9%
$118,611
$118.6K
Market Conditions
NOI Build-Up for 1,440 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
$20.7K $14.40/SF
− Vacancy
−$1.3K −$0.92/SF
EGI
$19.4K $13.48/SF
− OpEx
−$8.7K −$6.07/SF
NOI
$10.7K $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%
$213,500
Cap Rate 7%
$152,500
Cap Rate 9%
$118,611
Alternative Uses
Best Use
Apartment 5plus
$152.5K
$133.4K – $177.9K
NOI $10,675 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$390.2K
$341.4K – $455.2K
NOI $27,314 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 94928, CA
47,062
Population
17,449
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
6,112
Density / Sq Mi
$96,622
Median Household Income
$44,674
Median Earnings
$2,211
Median Rent
$634,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom home includes two full baths and a full appliance package.
Where is this residential income property located?
The property is located at 362 Circulo San Marcus Rohnert Park, CA.
What is the asking price?
The asking price for this property is $169,999.
What are key features of this property?
This property features: 2 bedrooms and 2 full baths; 1,440 square feet; Washer, dryer, refrigerator, and dishwasher convey
