Mobile Home & RV
55 Marin Valley Drive Novato, CA 94949
For Sale
$289,000
For sale in Marin County with an on-site clubhouse and access described via Marin Valley Drive.
Property Size1,368 SF
Price / SF$211.26
Days on Market98
Property Features for 55 Marin Valley Drive
General Information
Standard status
Active
Size
1,368 SF
Property subtype
Manufactured In Park
Building Details
Year Built
1972
Listing Agency:
City Real Estate
(415) 793-0111
Listed By:
Traci A. Thiercof · License #01817886
(415) 793-0111
Source:
Evrealestate
Added: Apr 23
Changed: Jul 22
Last Checked: Jul 23 at 6:40AM
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 City Real Estate
Investment Insights
Based on property information with market context.
This property is a mobile home and RV park offered for sale, listed at 55 Marin Valley Drive in Novato, California. The property is described as a residential income community with an on-site clubhouse.
Access directions are provided from the N Nave exit, then right on Boiling and right on Marin Valley, continuing past the clubhouse on the right.
Additional property details such as specific unit mix, condition, or layout are not included in the provided information.
Access directions are provided from the N Nave exit, then right on Boiling and right on Marin Valley, continuing past the clubhouse on the right.
Additional property details such as specific unit mix, condition, or layout are not included in the provided information.
Key Highlights
- Central heating
- No cooling listed
- Covered parking
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $27.96 |
| − Vacancy | −$2.2k | −$1.62 |
| EGI | $36.0k | $26.34 |
| − OpEx | −$16.2k | −$11.85 |
| NOI | $19.8k | $14.49 |
1,368 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,817 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.68M
$5.85M – $7.80M
NOI $467,748 @ 7.0% cap · market cap 161.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - For sale in Marin County with an on-site clubhouse and access described via Marin Valley Drive.
Where is this mobile home & rv park located?
The property is located at 55 Marin Valley Drive Novato, CA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Central heating; No cooling listed; Covered parking
