Residential Income
For Sale
$390,000
Pending
79 Iris Drive, Calistoga, CA 94515
For sale at 79 Iris Drive, listed under residential income, multifamily, and mobile home/RV park property types.
Property Size1,600 SF
Days on Market142
Property Features for 79 Iris Drive
General Information
Standard status
Pending
Size
1,600 SF
Total Parking Spaces
3
Property subtype
Manufactured In Park / Double Wide
Amenities
Central
3
Laminate
2.0
No
Shower Stall(s)
2
Dual Pane Full
Dryer Included, Inside Room, Washer Included
Storage
Carport Awning, Porch Awning
Covered Deck
Building Details
Year Built
2018
Listing Agency:
Compass
Listed By:
Rene Barrett · License #01372445
(707) 889-2523
Source:
Compass
Added: Apr 27
Changed: Sep 6
Last Checked: Sep 14 at 12:27PM
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 Compass
Investment Insights
Based on property information with market context.
Offered for sale as a residential income property, with the listing categorized under multifamily properties and mobile home & RV parks. The property is presented for ownership on the terms of a for-sale transaction.
The property is located at 79 Iris Drive in Calistoga, California, in Napa County. The listing directions note: Lincoln to Brannan, right on Brannan, right on Champagne.
Beyond the for-sale status and the multiple property-type classifications, no additional building, unit, or site features were provided in the available information.
The property is located at 79 Iris Drive in Calistoga, California, in Napa County. The listing directions note: Lincoln to Brannan, right on Brannan, right on Champagne.
Beyond the for-sale status and the multiple property-type classifications, no additional building, unit, or site features were provided in the available information.
Key Highlights
- Built in 2018
- Central air conditioning and central heating
- Parking includes covered, guest, off‑street parking
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
$25,528
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
6.55%
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%
$510,560
$510.6K
Cap Rate 7%
$364,686
$364.7K
Cap Rate 9%
$283,644
$283.6K
Market Conditions
NOI Build-Up for 1,600 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
$49.0K $30.60/SF
− Vacancy
−$2.5K −$1.59/SF
EGI
$46.4K $29.01/SF
− OpEx
−$20.9K −$13.05/SF
NOI
$25.5K $15.95/SF
Area
Napa County, CA
Vacancy
5.20%
Lease Rate
$30.60 /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%
$510,560
Cap Rate 7%
$364,686
Cap Rate 9%
$283,644
Alternative Uses
Best Use
Apartment 5plus
$364.7K
$319.1K – $425.5K
NOI $25,528 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,011 @ 7.0% cap · market cap 57.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 94515, CA
6,834
Population
3,214
Households
2.1
Avg Household Size
48
Median Age
36%
College-Educated
79%
High-School Grad
115.5 sq mi
ZIP Area
59
Density / Sq Mi
$97,202
Median Household Income
$50,189
Median Earnings
$1,830
Median Rent
$830,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - For sale at 79 Iris Drive, listed under residential income, multifamily, and mobile home/RV park property types.
Where is this mobile home & rv park located?
The property is located at 79 Iris Drive Calistoga, CA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Built in 2018; Central air conditioning and central heating; Parking includes covered, guest, off‑street parking
