Senior Community Mobile
For Sale
$170,000
Pending
493-493 Seema Cir, Union City, CA 94587
Well-maintained 2-bedroom, 2-bath mobile home with a pop-out section for added living space.
Property Size960 SF
Days on Market65
Property Features for 493-493 Seema Cir
General Information
Standard status
Pending
Size
960 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Listing Agency:
KW Silicon City
(408) 755-5972
Listed By:
Franco Perez · License #01943122
(408) 381-3030
Source:
Exprealty
Added: Jul 6
Changed: Sep 5
Last Checked: Sep 8 at 6:52AM
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 KW Silicon City
Investment Insights
Based on property information with market context.
This well-maintained mobile home offers a functional layout with two bedrooms and two full bathrooms. A pop-out section expands the living room, which is described as providing plenty of natural light. The fully equipped kitchen includes ample cabinet and counter space, and there is a comfortable dining area adjacent to the kitchen.
The home is located in the Tropics Senior Community in Union City. It is positioned near Highway 880 and close to Union Landing Shopping Center, with shopping, dining, and grocery stores and other daily conveniences described as nearby.
With its two-bedroom, two-bath configuration and added living space from the pop-out, the home is set up for comfortable day-to-day living within a senior community environment.
The home is located in the Tropics Senior Community in Union City. It is positioned near Highway 880 and close to Union Landing Shopping Center, with shopping, dining, and grocery stores and other daily conveniences described as nearby.
With its two-bedroom, two-bath configuration and added living space from the pop-out, the home is set up for comfortable day-to-day living within a senior community environment.
Key Highlights
- Well‑maintained 2‑bedroom, 2‑bath mobile home in the Tropics Senior Community in Union City
- Pop‑out section adds additional living space to the spacious living room
- Living room includes plenty of 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
$13,907
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
8.18%
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%
$278,140
$278.1K
Cap Rate 7%
$198,671
$198.7K
Cap Rate 9%
$154,522
$154.5K
Market Conditions
NOI Build-Up for 960 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
$26.8K $27.96/SF
− Vacancy
−$1.6K −$1.62/SF
EGI
$25.3K $26.34/SF
− OpEx
−$11.4K −$11.85/SF
NOI
$13.9K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /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%
$278,140
Cap Rate 7%
$198,671
Cap Rate 9%
$154,522
Alternative Uses
Best Use
Apartment 5plus
$198.7K
$173.8K – $231.8K
NOI $13,907 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$4.38M
$3.83M – $5.11M
NOI $306,361 @ 7.0% cap · market cap 180.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 94587, CA
70,121
Population
21,923
Households
3.2
Avg Household Size
40
Median Age
45%
College-Educated
87%
High-School Grad
19.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$137,194
Median Household Income
$66,405
Median Earnings
$2,713
Median Rent
$1,058,200
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 - Well-maintained 2-bedroom, 2-bath mobile home with a pop-out section for added living space.
Where is this mobile home & rv park located?
The property is located at 493-493 Seema Cir Union City, CA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Well‑maintained 2‑bedroom, 2‑bath mobile home in the Tropics Senior Community in Union City; Pop‑out section adds additional living space to the spacious living room; Living room includes plenty of natural light
