Furnished Park Model with Enclosed
For Sale
$149,500
84136 Ave 44 #392 392, Indio, CA 92203
Located in a 55+ active lifestyle resort with golf, pools, clubhouses, and extensive recreational facilities.
Property Size400 SF
Price / SF$373.75
Days on Market8
Property Features for 84136 Ave 44 #392 392
General Information
Standard status
Active
Size
400 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
clubhouses
laundry facilities
mailboxes
heated pools
spas
golf course
putting course
chipping/putting greens
tennis courts
pickleball courts
shuffleboard courts
horseshoe pitch
fitness center
clubs and classes
Listing Agency:
Coldwell Banker Realty
(760) 345-2527
Listed By:
James Richmond · License #01729522
(760) 844-2030
Source:
Kaleorealestate
Added: Sep 13
Last Checked: Sep 19 at 9:01AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This upgraded Fleetwood Park Model is positioned on a corner lot and includes an enclosed deck that expands the living and entertaining area. A barn door connects the deck to the residence, while a newly completed deck and shed add usable outdoor space and storage. The home is offered furnished and features porcelain tile throughout, a washer and dryer, stove, microwave, refrigerator, updated toilet and shower, two TVs, a new comforter, covered parking, and space for two vehicles. Mountain views and proximity to Clubhouse #2 add to the setting.
The property is within Rancho Casa Blanca, a 55+ active lifestyle resort where owners own the land. The 80-acre community includes 801 individual Park Model homes or RV sites, two large clubhouses, four satellite buildings, laundry facilities, mailboxes, heated pools, and spas. Recreational amenities include free golf on an 18-hole par 3 course, a 9-hole putting course, two practice chipping and putting greens, six heated pools and spas, tennis and pickleball courts, shuffleboard, horseshoes, a fitness center, and more than 60 clubs and classes.
The property is within Rancho Casa Blanca, a 55+ active lifestyle resort where owners own the land. The 80-acre community includes 801 individual Park Model homes or RV sites, two large clubhouses, four satellite buildings, laundry facilities, mailboxes, heated pools, and spas. Recreational amenities include free golf on an 18-hole par 3 course, a 9-hole putting course, two practice chipping and putting greens, six heated pools and spas, tennis and pickleball courts, shuffleboard, horseshoes, a fitness center, and more than 60 clubs and classes.
Key Highlights
- Upgraded Fleetwood Park Model on a corner lot
- Enclosed deck with barn door connection to the home
- New deck and shed completed in March '26
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
$6,475
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
4.33%
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%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 400 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
−$228 −$0.57/SF
EGI
$11.8K $29.43/SF
− OpEx
−$5.3K −$13.24/SF
NOI
$6.5K $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%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 92203, CA
31,366
Population
14,750
Households
2.1
Avg Household Size
42
Median Age
34%
College-Educated
89%
High-School Grad
18.5 sq mi
ZIP Area
1,695
Density / Sq Mi
$97,969
Median Household Income
$47,013
Median Earnings
$1,990
Median Rent
$496,600
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 - Located in a 55+ active lifestyle resort with golf, pools, clubhouses, and extensive recreational facilities.
Where is this mobile home & rv park located?
The property is located at 84136 Ave 44 #392 392 Indio, CA.
What is the asking price?
The asking price for this property is $149,500.
What are key features of this property?
This property features: Upgraded Fleetwood Park Model on a corner lot; Enclosed deck with barn door connection to the home; New deck and shed completed in March '26
