Mobile Home & RV Park
For Sale
$199,000
39-255 E Bolivar St, Salinas, CA 93906
Three-bedroom, one-bath home with a combined kitchen and family room, plus dedicated laundry hookups in North Salinas.
Property Size1,000 SF
Price / SF$199
Days on Market110
Property Features for 39-255 E Bolivar St
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Manufactured In Park
Amenities
dedicated laundry area with washer and dryer hookups
Listing Agency:
Realty World Dominion
(408) 980-5202
Listed By:
Gabriel Ramirez-Perez · License #01895033
(408) 384-9055
Source:
Exprealty
Added: May 29
Changed: Sep 12
Last Checked: Sep 14 at 2:09PM
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 Realty World Dominion
Investment Insights
Based on property information with market context.
This three-bedroom, one-bath home offers approximately 1,000 square feet of living space with a combined kitchen and family room layout. The floor plan is designed for practical everyday living, with a dedicated laundry area that includes washer and dryer hookups.
Located in North Salinas within Lamplighter Park, the residence is close to shopping, restaurants, schools, and major commuter routes, supporting convenient day-to-day access for residents.
With essential in-home amenities and a straightforward layout, the property is positioned for buyers seeking an affordable home in a community setting.
Located in North Salinas within Lamplighter Park, the residence is close to shopping, restaurants, schools, and major commuter routes, supporting convenient day-to-day access for residents.
With essential in-home amenities and a straightforward layout, the property is positioned for buyers seeking an affordable home in a community setting.
Key Highlights
- Approximately 1,000 square feet of living space
- Three‑bedroom, one‑bath layout
- Combined kitchen and family room
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
$16,088
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
8.08%
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%
$321,760
$321.8K
Cap Rate 7%
$229,829
$229.8K
Cap Rate 9%
$178,756
$178.8K
Market Conditions
NOI Build-Up for 1,000 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
$30.0K $30.00/SF
− Vacancy
−$750 −$0.75/SF
EGI
$29.3K $29.25/SF
− OpEx
−$13.2K −$13.16/SF
NOI
$16.1K $16.09/SF
Area
Salinas, CA
Vacancy
2.50%
Lease Rate
$30.00 /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%
$321,760
Cap Rate 7%
$229,829
Cap Rate 9%
$178,756
Alternative Uses
Best Use
Apartment 5plus
$229.8K
$201.1K – $268.1K
NOI $16,088 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 93906, CA
66,381
Population
18,432
Households
3.6
Avg Household Size
32
Median Age
17%
College-Educated
69%
High-School Grad
13.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$96,044
Median Household Income
$40,775
Median Earnings
$2,127
Median Rent
$595,200
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 - Three-bedroom, one-bath home with a combined kitchen and family room, plus dedicated laundry hookups in North Salinas.
Where is this mobile home & rv park located?
The property is located at 39-255 E Bolivar St Salinas, 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: Approximately 1,000 square feet of living space; Three‑bedroom, one‑bath layout; Combined kitchen and family room
