55+ Mobile Home Park
For Sale
$625,000
99-4160 Jade St, Capitola, CA 95010
55+ community with space owned, featuring recent upgrades including a newer roof and dual-pane windows.
Property Size1,140 SF
Price / SF$548.25
Days on Market130
Property Features for 99-4160 Jade St
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Manufactured In Park
Listing Agency:
Bailey Properties
(831) 688-7434
Listed By:
Denise Brazil
(831) 588-7281
Source:
Exprealty
Added: May 11
Changed: Sep 17
Last Checked: Sep 16 at 10:38PM
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 Bailey Properties
Investment Insights
Based on property information with market context.
Trade Winds Mobile Home Park in Capitola presents a 55+ community home on a space that is space owned. The home has been cared for and updated over time, including a newer roof, dual-pane windows, a furnace, and a tankless water heater. Both bathrooms have newer finishes, and two bonus rooms were added with permits from the City of Capitola.
This particular lot is among the five largest in the park. The community is centrally located near shopping, eateries, and the beach, with nearby everyday conveniences.
With approximately 1,140 SF of property size, this home offers comfortable indoor living alongside additional permitted bonus room space in a resident-focused, 55+ setting.
This particular lot is among the five largest in the park. The community is centrally located near shopping, eateries, and the beach, with nearby everyday conveniences.
With approximately 1,140 SF of property size, this home offers comfortable indoor living alongside additional permitted bonus room space in a resident-focused, 55+ setting.
Key Highlights
- Space owned in a 55+ mobile home park community
- Newer roof plus dual‑pane windows
- Furnace and tankless 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
$29,344
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
4.70%
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%
$586,880
$586.9K
Cap Rate 7%
$419,200
$419.2K
Cap Rate 9%
$326,044
$326.0K
Market Conditions
NOI Build-Up for 1,140 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
$54.7K $48.00/SF
− Vacancy
−$1.4K −$1.20/SF
EGI
$53.4K $46.80/SF
− OpEx
−$24.0K −$21.06/SF
NOI
$29.3K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /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%
$586,880
Cap Rate 7%
$419,200
Cap Rate 9%
$326,044
Alternative Uses
Best Use
Apartment 5plus
$419.2K
$366.8K – $489.1K
NOI $29,344 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$651.9K
$570.4K – $760.5K
NOI $45,630 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 95010, CA
9,080
Population
4,741
Households
1.9
Avg Household Size
47
Median Age
46%
College-Educated
91%
High-School Grad
1.4 sq mi
ZIP Area
6,486
Density / Sq Mi
$96,701
Median Household Income
$53,704
Median Earnings
$2,370
Median Rent
$781,900
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 - 55+ community with space owned, featuring recent upgrades including a newer roof and dual-pane windows.
Where is this mobile home & rv park located?
The property is located at 99-4160 Jade St Capitola, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Space owned in a 55+ mobile home park community; Newer roof plus dual‑pane windows; Furnace and tankless water heater
