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    18-Space Trailer Park Community Title is generated by Realmo AI

    527 El Camino Real, Greenfield, CA 93927

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    18-unit mobile home and apartment community with city utilities and coin laundry setup.

    Type:Mobile Home Park
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:59 am

    Property Features for 527 El Camino Real

    General Information

    Standard status
    Active
    Property subtype
    Mobile Home Park

    We can help!

    Listing Contact
    Peter Alimam

    Listing agent Peter Alimam License #02121615

    Listing office Marcus & Millichap - San Francisco

    Listing date Jun 2, 2026

    Source Crexi

    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 Marcus & Millichap - San Francisco

    HighLights

    • 18‑space trailer park at 527 El Camino Real in Greenfield, CA with 11 trailer units, 4 mobile home units, and 3 apartment units
    • Apartment mix: one 2BR/1BA unit and two 1BR/1BA units (apartments B and C currently occupied by the on‑site manager)
    • 100% occupied; seller reports it rarely sees vacancy
    • Serviced by city utilities with 100% utility recapture—utilities billed back to tenants
    • Laundry room in the central building with 3 park‑owned coin‑operated washers and 3 park‑owned coin‑operated dryers
    • New roof on the entire apartment complex installed in 2026; tenants notified of a 10% rent increase effective June 1, 2026

    Overview

    El Camino Trailer Park is an 18-space community comprising 11 trailer units, 4 mobile home units, and 3 apartment units. The apartment configuration includes one 2 bed/1 bath unit (Apartment A) and two 1 bed/1 bath units (Apartments B and C). Apartments B and C are currently occupied by the on-site manager, who has managed the property for more than 20 years and has indicated he would like to remain after a change in ownership. A separate tenant in unit 2 is scheduled to replace his trailer soon; he continues paying rent monthly in the interim.

    The property is serviced by city utilities. All utilities are billed back to tenants, and the park recaptures 100%. A central building on site includes a small storage area for manager supplies and a laundry room. The laundry room has 3 park-owned washers and 3 park-owned dryers that are coin operated; although it has not been used in years, it is plumbed and ready for reopening.

    The seller installed a new roof on the entire apartment complex in 2026. The park is currently 100% occupied and the seller reports vacancies are rare. There is no rent or vacancy control in Greenfield, and tenants have been notified of a 10% rent increase effective June 1, 2026.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Monterey
    State
    California
    Longitude
    -121.249718
    Latitude
    36.327312

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    FAQs

    What type of property is this?
    Mobile home & RV park - 18-unit mobile home and apartment community with city utilities and coin laundry setup.
    Where is this mobile home & rv park located?
    The property is located at 527 El Camino Real Greenfield, CA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 18‑space trailer park at 527 El Camino Real in Greenfield, CA with 11 trailer units, 4 mobile home units, and 3 apartment units; Apartment mix: one 2BR/1BA unit and two 1BR/1BA units (apartments B and C currently occupied by the on‑site manager); 100% occupied; seller reports it rarely sees vacancy
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter Alimam
    Real Estate License ID: 02121615
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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