Building Details

Year Built 2020

Buildings 1

Listing Agency: Idyllwild Realty s***@idyrealty.com Show Phone

Listed By: Ashley Stewart · License #01466789 Show Phone

Source: Exprealty

Added: Aug 28 Changed: Sep 5 Last Checked: Sep 5 at 3:35PM

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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 Idyllwild Realty

Investment Insights

Based on property information with market context.

Built in 2020, this 520-square-foot mobile home residence provides two bedrooms and one bathroom in an efficient layout. The interior includes tall ceilings, dual-pane windows, full-house heating and A/C, and a kitchen with bar seating. Built-in storage is provided in the main bedroom, while the second bedroom has double doors opening to the covered patio and can accommodate office, hobby, or other flexible use. A linen closet/pantry adds storage near the hallway.

Exterior features include a covered front deck and ramp access. The residence is located within Idyllwild Trailer Park, an owner-occupied 55+ community with a clubhouse and community laundry room. Its address on Highway 243 places the property near downtown Idyllwild shops, restaurants, and local amenities.

Key Highlights

• 520‑square‑foot residence built in 2020
• Two bedrooms and one bathroom
• Owner‑occupied 55+ senior community

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

$8,417

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

5.43%

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%

$168,340 $168.3K

Cap Rate 7%

$120,243 $120.2K

Cap Rate 9%

$93,522 $93.5K

Market Conditions

NOI Build-Up for 520 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

$15.6K $30.00/SF

− Vacancy

−$296 −$0.57/SF

EGI

$15.3K $29.43/SF

− OpEx

−$6.9K −$13.24/SF

NOI

$8.4K $16.19/SF

Area

Riverside County, CA

Vacancy

1.90%

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%

$168,340

Cap Rate 7%

$120,243

Cap Rate 9%

$93,522

Alternative Uses

Best Use

Apartment 5plus

$120.2K

$105.2K – $140.3K (±1% cap)

NOI $8,417 @ 7.0% cap · market cap 5.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$155.8K

$136.3K – $181.8K (±1% cap)

NOI $10,905 @ 7.0% cap · market cap 7.04%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mobile home & RV ...

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 92549, CA

4,234

Population

4,182

Households

1

Avg Household Size

52

Median Age

41%

College-Educated

92%

High-School Grad

106.0 sq mi

ZIP Area

40

Density / Sq Mi

$83,318

Median Household Income

$39,288

Median Earnings

$1,415

Median Rent

$486,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Compact two-bedroom residence in an owner-occupied 55+ community with shared clubhouse and laundry facilities.

Where is this mobile home & rv park located?

The property is located at 48-25955 Highway 243 Idyllwild, CA.

What is the asking price?

The asking price for this property is $155,000.

What are key features of this property?

This property features: 520‑square‑foot residence built in 2020; Two bedrooms and one bathroom; Owner‑occupied 55+ senior community