Mobile Home & RV Park
For Sale
$80,000
Pending
4801 North State Street #15, Ukiah, CA 95482
For sale mobile home and RV park space at 4801 N State Street #15 in Ukiah, CA.
Property Size720 SF
Days on Market354
Property Features for 4801 North State Street #15
General Information
Standard status
Pending
Size
720 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Other
Central
Built-In Gas Oven, Built-In Gas Range, Microwave
Building Details
Year Built
1973
Listing Agency:
W Real Estate
Listed By:
Edwin Munoz · License #02113444
(707) 813-7779
Source:
Evrealestate
Added: Sep 18, 2025
Changed: Aug 7
Last Checked: Jul 24 at 7:19AM
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 W Real Estate
Investment Insights
Based on property information with market context.
This listing is offered for sale and is identified as a mobile home and RV park property, along with multifamily and residential income classifications. The available listing reference is for 4801 North State Street #15.
Access is described from Highway 101: take the Lake Mendocino exit and head north to where 4801 N State Street is located on the right-hand side, with a sign at the property. The property is in Mendocino County.
The information provided does not specify interior features, unit configuration, or on-site amenities, but the listing does include a defined street address and unit number for locating the space.
Access is described from Highway 101: take the Lake Mendocino exit and head north to where 4801 N State Street is located on the right-hand side, with a sign at the property. The property is in Mendocino County.
The information provided does not specify interior features, unit configuration, or on-site amenities, but the listing does include a defined street address and unit number for locating the space.
Key Highlights
- Mobile home and RV park space at 4801 N State Street #15 in Ukiah, CA
- Built‑in kitchen appliances include a built‑in gas oven, built‑in gas range, and microwave
- 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
$6,127
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
7.66%
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%
$122,540
$122.5K
Cap Rate 7%
$87,529
$87.5K
Cap Rate 9%
$68,078
$68.1K
Market Conditions
NOI Build-Up for 720 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
$11.7K $16.20/SF
− Vacancy
−$525 −$0.73/SF
EGI
$11.1K $15.47/SF
− OpEx
−$5.0K −$6.96/SF
NOI
$6.1K $8.51/SF
Area
Mendocino County, CA
Vacancy
4.50%
Lease Rate
$16.20 /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%
$122,540
Cap Rate 7%
$87,529
Cap Rate 9%
$68,078
Alternative Uses
Best Use
Apartment 5plus
$87.5K
$76.6K – $102.1K
NOI $6,127 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$269.2K
$235.5K – $314.1K
NOI $18,843 @ 7.0% cap · market cap 23.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 95482, CA
33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
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 - For sale mobile home and RV park space at 4801 N State Street #15 in Ukiah, CA.
Where is this mobile home & rv park located?
The property is located at 4801 North State Street #15 Ukiah, CA.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Mobile home and RV park space at 4801 N State Street #15 in Ukiah, CA; Built‑in kitchen appliances include a built‑in gas oven, built‑in gas range, and microwave; Central heating
