Park Model Residential Income
New
For Sale
$129,000
835 Kimball Ave 2, Seaside, CA 93955
Positioned as a front unit in a 55+ park, the home includes a gas range and dishwasher.
Property Size399 SF
Days on Market3
Property Features for 835 Kimball Ave 2
General Information
Standard status
Active
Size
399 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Multifamily Units
1
Building Details
Building Size
399 SF
Year Built
2015
Stories
1
Listing Agency:
Keller Williams Coastal Estates
Listed By:
Monterey Peninsula Home Team · License #70000352
(831) 313-2289
Source:
Elliman
Added: Sep 10
Last Checked: Sep 11 at 8:37AM
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 Keller Williams Coastal Estates
Investment Insights
Based on property information with market context.
This park model home is positioned as a front unit within Green Parrot Mobile Home Park, a 55+ community in Seaside. Built in 2015, the residence is described as being in excellent condition and includes a gas range and dishwasher.
The property is located at 835 Kimball Ave 2, with walking access to local shops, restaurants, a grocery store, City Hall, and Laguna Grande Park. WalkScore is 54, indicating a somewhat walkable setting; BikeScore is 35, and TransitScore is 35. Park restrictions apply. Sewer, water, and trash are included with the space rent.
The property is located at 835 Kimball Ave 2, with walking access to local shops, restaurants, a grocery store, City Hall, and Laguna Grande Park. WalkScore is 54, indicating a somewhat walkable setting; BikeScore is 35, and TransitScore is 35. Park restrictions apply. Sewer, water, and trash are included with the space rent.
Key Highlights
- Park model home built in 2015
- Front unit in Green Parrot Mobile Home Park
- Located within a 55+ community
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
$6,419
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
4.98%
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%
$128,380
$128.4K
Cap Rate 7%
$91,700
$91.7K
Cap Rate 9%
$71,322
$71.3K
Market Conditions
NOI Build-Up for 399 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
−$299 −$0.75/SF
EGI
$11.7K $29.25/SF
− OpEx
−$5.3K −$13.16/SF
NOI
$6.4K $16.09/SF
Area
Monterey County, CA
Vacancy
2.50%
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%
$128,380
Cap Rate 7%
$91,700
Cap Rate 9%
$71,322
Alternative Uses
Best Use
Apartment 5plus
$91.7K
$80.2K – $107.0K
NOI $6,419 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$152.4K
$133.3K – $177.8K
NOI $10,665 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 93955, CA
32,703
Population
11,150
Households
2.9
Avg Household Size
34
Median Age
28%
College-Educated
81%
High-School Grad
26.3 sq mi
ZIP Area
1,243
Density / Sq Mi
$82,331
Median Household Income
$35,488
Median Earnings
$2,312
Median Rent
$693,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Positioned as a front unit in a 55+ park, the home includes a gas range and dishwasher.
Where is this residential income property located?
The property is located at 835 Kimball Ave 2 Seaside, CA.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Park model home built in 2015; Front unit in Green Parrot Mobile Home Park; Located within a 55+ community
