Mobile Home & RV
For Sale
$280,000
59 Colonial Park Drive, Santa Rosa, CA 95403
Property classification supports mobile home and RV park use, with a courtyard and covered attached exterior area.
Property Size1,296 SF
Price / SF$216.05
Days on Market177
Property Features for 59 Colonial Park Drive
General Information
Standard status
Active
Size
1,296 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Evaporative Cooling, None
Central
Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood
Attached, Covered
Courtyard
Building Details
Year Built
1967
Listing Agency:
(707) 478-3601
Listed By:
Martin G. Lopez
(707) 478-3601
Source:
Evrealestate
Added: Mar 6
Changed: Aug 29
Last Checked: Aug 30 at 4:01PM
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 Martin G. Lopez
Investment Insights
Based on property information with market context.
This property is classified as a mobile home and RV park and was built in 1967. The improvements include a courtyard and an attached covered exterior area. Interior features include a dishwasher, disposal, free-standing gas range, free-standing refrigerator, range hood, and central equipment, along with evaporative cooling information in the property record.
The property is located at 59 Colonial Park Drive in Santa Rosa, Sonoma County, California. Access directions reference Old Redwood Highway and Colonial Park Drive. The available information does not specify the number of spaces, site layout, utility configuration, or other park operating details.
The property is located at 59 Colonial Park Drive in Santa Rosa, Sonoma County, California. Access directions reference Old Redwood Highway and Colonial Park Drive. The available information does not specify the number of spaces, site layout, utility configuration, or other park operating details.
Key Highlights
- Mobile home and RV park classification
- 1967 construction year
- Courtyard included
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
$22,638
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
8.09%
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%
$452,760
$452.8K
Cap Rate 7%
$323,400
$323.4K
Cap Rate 9%
$251,533
$251.5K
Market Conditions
NOI Build-Up for 1,296 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
$43.2K $33.36/SF
− Vacancy
−$2.1K −$1.60/SF
EGI
$41.2K $31.76/SF
− OpEx
−$18.5K −$14.29/SF
NOI
$22.6K $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%
$452,760
Cap Rate 7%
$323,400
Cap Rate 9%
$251,533
Alternative Uses
Best Use
Apartment 5plus
$323.4K
$283.0K – $377.3K
NOI $22,638 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$360.1K
$315.1K – $420.1K
NOI $25,205 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 95403, CA
44,705
Population
17,504
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
87%
High-School Grad
21.5 sq mi
ZIP Area
2,079
Density / Sq Mi
$94,480
Median Household Income
$45,928
Median Earnings
$2,215
Median Rent
$651,900
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 - Property classification supports mobile home and RV park use, with a courtyard and covered attached exterior area.
Where is this mobile home & rv park located?
The property is located at 59 Colonial Park Drive Santa Rosa, CA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Mobile home and RV park classification; 1967 construction year; Courtyard included
