1997 Residential Income Park
For Sale
$137,000
599-84136 Avenue 44, Indio, CA 92201
Bright park model home with upgraded features in a gated community offering golf, recreation, fitness, and social amenities.
Property Size400 SF
Price / SF$342.50
Days on Market133
Property Features for 599-84136 Avenue 44
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
free golf year-round
fitness center
pickleball and tennis courts
multiple pools and spas
bocce ball court
billiard room
horseshoe pits
two expansive clubhouses
over 60 clubs and activities
guard-gated with security patrols
Building Details
Year Built
1997
Listing Agency:
C 21 Coachella Valley RE
(760) 899-0689
Listed By:
Sondra Bittner · License #02143777
(760) 899-0689
Source:
Exprealty
Added: Apr 23
Changed: Aug 29
Last Checked: Sep 1 at 11:55PM
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 C 21 Coachella Valley RE
Investment Insights
Based on property information with market context.
This 1997 Silvercrest park model is positioned along the north wall of Rancho Casa Blanca in Indio, California. The home receives substantial natural light through multiple windows and includes window awnings, upgrades, and additional custom touches. The residence offers a compact retreat within an established recreational community.
Community amenities include free golf year-round, a fitness center, pickleball and tennis courts, multiple pools and spas, a bocce ball court, billiard room, and horseshoe pits. Two clubhouses and four satellite buildings support more than 60 clubs and activities. Rancho Casa Blanca is guard-gated with regular security patrols, and the community can be explored by golf cart.
Community amenities include free golf year-round, a fitness center, pickleball and tennis courts, multiple pools and spas, a bocce ball court, billiard room, and horseshoe pits. Two clubhouses and four satellite buildings support more than 60 clubs and activities. Rancho Casa Blanca is guard-gated with regular security patrols, and the community can be explored by golf cart.
Key Highlights
- 1997 Silvercrest park model with upgrades and custom additions
- Abundant natural light from multiple windows plus window awnings
- Rancho Casa Blanca offers free golf year‑round
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
4.73%
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 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright park model home with upgraded features in a gated community offering golf, recreation, fitness, and social amenities.
Where is this residential income property located?
The property is located at 599-84136 Avenue 44 Indio, CA.
What is the asking price?
The asking price for this property is $137,000.
What are key features of this property?
This property features: 1997 Silvercrest park model with upgrades and custom additions; Abundant natural light from multiple windows plus window awnings; Rancho Casa Blanca offers free golf year‑round
