Mobile Home & RV Park
For Sale
$195,000
52 Oriole Way, Santa Rosa, CA 95409
Central natural gas heating with window and ceiling fan cooling; attached covered and guest parking.
Property Size960 SF
Price / SF$203.13
Days on Market57
Property Features for 52 Oriole Way
General Information
Standard status
Active
Size
960 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Ceiling Fan(s), Window Unit(s)
Central, Natural Gas
Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood
Cathedral Ceiling(s), Laminate Counters
Attached, Covered, Guest
Building Details
Year Built
2006
Listed By:
Cathy Elliott
(707) 537-3000
Source:
Evrealestate
Added: Jul 25
Changed: Sep 18
Last Checked: Sep 19 at 6:30AM
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 Cathy Elliott
Investment Insights
Based on property information with market context.
Located at 52 Oriole Way in Sonoma County, this mobile home and RV park property was built in 2006 and has a property size of 960. Inside, it features cathedral ceilings and laminate counters, along with ceiling fan(s) and window unit(s) for cooling. Heating is central natural gas.
The home includes a dishwasher, disposal, free-standing gas range, free-standing refrigerator, and range hood. Exterior parking is available with attached, covered parking plus guest parking.
Directions provided are East on Highway 12, left on Cardinal, right on Bluejay, and left on Oriole.
The home includes a dishwasher, disposal, free-standing gas range, free-standing refrigerator, and range hood. Exterior parking is available with attached, covered parking plus guest parking.
Directions provided are East on Highway 12, left on Cardinal, right on Bluejay, and left on Oriole.
Key Highlights
- Built in 2006
- Property size: 960
- Central natural gas 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
$16,769
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
8.60%
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%
$335,380
$335.4K
Cap Rate 7%
$239,557
$239.6K
Cap Rate 9%
$186,322
$186.3K
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
$32.0K $33.36/SF
− Vacancy
−$1.5K −$1.60/SF
EGI
$30.5K $31.76/SF
− OpEx
−$13.7K −$14.29/SF
NOI
$16.8K $17.47/SF
Area
Santa Rosa, CA
Vacancy
4.80%
Lease Rate
$33.36 /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%
$335,380
Cap Rate 7%
$239,557
Cap Rate 9%
$186,322
Alternative Uses
Best Use
Apartment 5plus
$239.6K
$209.6K – $279.5K
NOI $16,769 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$266.7K
$233.4K – $311.2K
NOI $18,670 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
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Business Placement
Demographics for 95409, CA
27,741
Population
12,499
Households
2.2
Avg Household Size
53
Median Age
50%
College-Educated
95%
High-School Grad
35.0 sq mi
ZIP Area
793
Density / Sq Mi
$105,736
Median Household Income
$59,003
Median Earnings
$2,346
Median Rent
$807,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Central natural gas heating with window and ceiling fan cooling; attached covered and guest parking.
Where is this mobile home & rv park located?
The property is located at 52 Oriole Way Santa Rosa, CA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Built in 2006; Property size: 960; Central natural gas heating
