Building Details

Building Size 1,440 SF

Year Built 1980

Stories 1

Listed By: Richard Guelich Show Phone

Source: Evrealestate

Added: Jun 17 Changed: Aug 7 Last Checked: Jul 24 at 7:22AM

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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 Richard Guelich

Investment Insights

Based on property information with market context.

This gated mobile home and RV park is available for sale. The property is configured as a residential income asset and is offered under a listed size of 1,440.

Access is controlled: enter from Napa Road just past Sunny Vista, and there is no entry on Sunny Vista Road. Directions note that the route is Reche Rd. to Bowman Trail, then left on Napa Road.

For mapping, use 60930 Napa Road or 60930 Sunny Vista Rd in Landers. The site is located in San Bernardino County.

Key Highlights

• Gated entry with access only from Napa Road (no entry on Sunny Vista Rd.)
• Mobile home interior includes a breakfast bar and walk‑in closets
• Electric heating and cooling with heat pump and electric appliances including dishwasher, disposal, and refrigerator

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

$12,748

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

3.77%

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%

$254,960 $255.0K

Cap Rate 7%

$182,114 $182.1K

Cap Rate 9%

$141,644 $141.6K

Market Conditions

NOI Build-Up for 1,440 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

$24.7K $17.16/SF

− Vacancy

−$1.5K −$1.06/SF

EGI

$23.2K $16.10/SF

− OpEx

−$10.4K −$7.24/SF

NOI

$12.7K $8.85/SF

Area

San Bernardino County, CA

Vacancy

6.20%

Lease Rate

$17.16 /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%

$254,960

Cap Rate 7%

$182,114

Cap Rate 9%

$141,644

Alternative Uses

Best Use

Apartment 5plus

$182.1K

$159.4K – $212.5K (±1% cap)

NOI $12,748 @ 7.0% cap · market cap 3.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$303.7K

$265.8K – $354.4K (±1% cap)

NOI $21,262 @ 7.0% cap · market cap 6.28%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Gym & Fitness Center Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 92285, CA

2,769

Population

2,413

Households

1.1

Avg Household Size

46

Median Age

14%

College-Educated

87%

High-School Grad

272.2 sq mi

ZIP Area

10

Density / Sq Mi

$44,038

Median Household Income

$22,086

Median Earnings

$976

Median Rent

$221,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Gated mobile home and RV park near Napa Road with entry only from Napa Road.

Where is this mobile home & rv park located?

The property is located at 60939 Sunny Vista Road Landers, CA.

What is the asking price?

The asking price for this property is $338,500.

What are key features of this property?

This property features: Gated entry with access only from Napa Road (no entry on Sunny Vista Rd.); Mobile home interior includes a breakfast bar and walk‑in closets; Electric heating and cooling with heat pump and electric appliances including dishwasher, disposal, and refrigerator