Turnkey Manufactured Home in All-Age
For Sale
$215,000
65-2101 S State St, Ukiah, CA 95482
Turnkey manufactured home with 3 bedrooms, 2 bathrooms, open floor plan, high ceilings, and tile flooring.
Property Size1,444 SF
Price / SF$148.89
Days on Market75
Property Features for 65-2101 S State St
General Information
Standard status
Active
Size
1,444 SF
Property subtype
Manufactured In Park
Listing Agency:
W Real Estate
(707) 380-0003
Listed By:
Yesenia Herrera
3919588
Source:
Exprealty
Added: Jul 8
Changed: Sep 16
Last Checked: Sep 19 at 11:25AM
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 W Real Estate
Investment Insights
Based on property information with market context.
This newer, custom-designed manufactured home is offered turnkey and move-in ready, featuring an open floor plan with high ceilings and quality finishes throughout. The home includes three bedrooms and two bathrooms, including a spacious primary suite with a walk-in closet and double vanity. Durable tile flooring extends throughout the home, and a new storage shed adds convenient space for tools and outdoor equipment.
The property is located at 65-2101 S State St in Ukiah within an all-age community. The seller notes meticulous maintenance and pride of ownership across the home’s details, supporting a well-kept, ready-to-occupy condition.
The property is located at 65-2101 S State St in Ukiah within an all-age community. The seller notes meticulous maintenance and pride of ownership across the home’s details, supporting a well-kept, ready-to-occupy condition.
Key Highlights
- Newer custom‑designed manufactured home in an all‑age community in Ukiah
- 3 bedrooms and 2 bathrooms with an open floor plan and high ceilings
- Primary suite includes a walk‑in closet and double vanity
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
$12,287
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
5.71%
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%
$245,740
$245.7K
Cap Rate 7%
$175,529
$175.5K
Cap Rate 9%
$136,522
$136.5K
Market Conditions
NOI Build-Up for 1,444 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
$23.4K $16.20/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$22.3K $15.47/SF
− OpEx
−$10.1K −$6.96/SF
NOI
$12.3K $8.51/SF
Area
Mendocino County, CA
Vacancy
4.50%
Lease Rate
$16.20 /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%
$245,740
Cap Rate 7%
$175,529
Cap Rate 9%
$136,522
Alternative Uses
Best Use
Apartment 5plus
$175.5K
$153.6K – $204.8K
NOI $12,287 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$539.9K
$472.4K – $629.8K
NOI $37,790 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 95482, CA
33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
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 - Turnkey manufactured home with 3 bedrooms, 2 bathrooms, open floor plan, high ceilings, and tile flooring.
Where is this mobile home & rv park located?
The property is located at 65-2101 S State St Ukiah, CA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Newer custom‑designed manufactured home in an all‑age community in Ukiah; 3 bedrooms and 2 bathrooms with an open floor plan and high ceilings; Primary suite includes a walk‑in closet and double vanity
