Golf-View Mobile Home
For Sale
$199,000
73351 San Carlos Dr, Thousand Palms, CA 92276
Home in Tri-Palm Estates with mountain scenery, updated water-heating equipment, laundry appliances, and maintained air conditioning.
Property Size1,120 SF
Price / SF$177.68
Days on Market12
Property Features for 73351 San Carlos Dr
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Manufactured In Park
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Listing Agency:
C 21 Coachella Valley RE
(760) 899-0689
Listed By:
Sondra Bittner · License #02143777
(760) 899-0689
Source:
Exprealty
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 3:02PM
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 1,120-square-foot home in Tri-Palm Estates offers golf course and mountain views. The residence includes a newer water heater, washer and dryer, and a well-maintained A/C unit. Overall upkeep is established, while the home also allows room for a buyer’s personal improvements.
The property is located at 73351 San Carlos Dr in Thousand Palms, California. Its setting within Tri-Palm Estates provides the defining visual appeal of the home, with views toward the golf course and surrounding mountains.
The property is located at 73351 San Carlos Dr in Thousand Palms, California. Its setting within Tri-Palm Estates provides the defining visual appeal of the home, with views toward the golf course and surrounding mountains.
Key Highlights
- 1,120‑square‑foot home in Tri‑Palm Estates
- Golf course and mountain views
- Newer water heater
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
$18,129
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
9.11%
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%
$362,580
$362.6K
Cap Rate 7%
$258,986
$259.0K
Cap Rate 9%
$201,433
$201.4K
Market Conditions
NOI Build-Up for 1,120 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
$33.6K $30.00/SF
− Vacancy
−$638 −$0.57/SF
EGI
$33.0K $29.43/SF
− OpEx
−$14.8K −$13.24/SF
NOI
$18.1K $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%
$362,580
Cap Rate 7%
$258,986
Cap Rate 9%
$201,433
Alternative Uses
Best Use
Apartment 5plus
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 92276, CA
7,953
Population
3,757
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
86%
High-School Grad
37.0 sq mi
ZIP Area
215
Density / Sq Mi
$80,280
Median Household Income
$35,124
Median Earnings
$1,432
Median Rent
$260,500
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 - Home in Tri-Palm Estates with mountain scenery, updated water-heating equipment, laundry appliances, and maintained air conditioning.
Where is this mobile home & rv park located?
The property is located at 73351 San Carlos Dr Thousand Palms, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,120‑square‑foot home in Tri‑Palm Estates; Golf course and mountain views; Newer water heater
