Turnkey Park Model with California
For Sale
$114,500
593-84136 Avenue 44, Indio, CA 92201
2007 park model with a California Room, covered parking, and included appliances in Rancho Casa Blanca.
Property Size400 SF
Price / SF$286.25
Days on Market544
Property Features for 593-84136 Avenue 44
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Additional Details
Furnished
Yes
Outdoor Storage
Yes
Amenities
covered parking
clubhouse
laundry facilities
mailboxes
heated pool
spa
golf course
tennis court
pickle ball court
shuffleboard court
horseshoe pitch
fitness center
Building Details
Year Built
2007
Construction
Park Model
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(760) 345-2527
Listed By:
James Richmond · License #01729522
(760) 844-2030
Source:
Exprealty
Added: Mar 11, 2025
Changed: Sep 4
Last Checked: Sep 5 at 11:39AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2007 park model includes a California Room attachment and features an open layout with a large eating area, kitchen, and added living space for entertaining, along with a separate TV room. Laminate flooring runs throughout except in the bedroom, which is carpeted. The home is offered turnkey with included appliances, including a gas range with microwave above the stove and a refrigerator. A washer and dryer are located in a shed behind the park model, and covered parking is included.
Rancho Casa Blanca (RCB) is a landscaped 80-acre property offering 801 individual park model homes or RV sites. The community includes two large clubhouses, four satellite buildings with laundry facilities and mailboxes, heated pools, and relaxing spas. Owners also have access to an 18-hole par 3 golf course, a 9-hole putting course, practice chipping and putting greens, tennis courts, pickleball courts, shuffleboard courts, horseshoe pitch, a fitness center, and more than 60 clubs and classes. The park has a limit of 270 day occupancy (not consecutive) out of 365 calendar days.
Rancho Casa Blanca (RCB) is a landscaped 80-acre property offering 801 individual park model homes or RV sites. The community includes two large clubhouses, four satellite buildings with laundry facilities and mailboxes, heated pools, and relaxing spas. Owners also have access to an 18-hole par 3 golf course, a 9-hole putting course, practice chipping and putting greens, tennis courts, pickleball courts, shuffleboard courts, horseshoe pitch, a fitness center, and more than 60 clubs and classes. The park has a limit of 270 day occupancy (not consecutive) out of 365 calendar days.
Key Highlights
- 2007 park model with a California Room attached
- Included appliances: gas range with microwave above stove and refrigerator
- Laminate flooring throughout, with carpet in the bedroom
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
$6,475
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
5.66%
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%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 400 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
$12.0K $30.00/SF
− Vacancy
−$228 −$0.57/SF
EGI
$11.8K $29.43/SF
− OpEx
−$5.3K −$13.24/SF
NOI
$6.5K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /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%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
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 - 2007 park model with a California Room, covered parking, and included appliances in Rancho Casa Blanca.
Where is this mobile home & rv park located?
The property is located at 593-84136 Avenue 44 Indio, CA.
What is the asking price?
The asking price for this property is $114,500.
What are key features of this property?
This property features: 2007 park model with a California Room attached; Included appliances: gas range with microwave above stove and refrigerator; Laminate flooring throughout, with carpet in the bedroom
