Six-Unit Mobile Home
For Sale
$699,000
1013 Lagneaux Rd, Duson, LA 70529
Fully occupied park with individually metered homes and renovated exteriors.
Property Size6,686 SF
Price / SF$104.55
Days on Market9
Property Features for 1013 Lagneaux Rd
General Information
Standard status
Active
Size
6,686 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$89,400
Multifamily Units
6
Building Details
Buildings
6
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Doug Adams · License #0995702572
(337) 552-3815
Source:
Exprealty
Added: Sep 12
Changed: Sep 18
Last Checked: Sep 19 at 10:11AM
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 Realty Acadiana
Investment Insights
Based on property information with market context.
This mobile home park includes six homes distributed across three separate parcels in Lafayette Parish. Each parcel contains two mobile homes, and every unit has its own address and individual meter. The homes have been completely remodeled, with new metal roofs installed throughout.
The property is located at 1013 Lagneaux Rd in Duson, Louisiana. All units are currently occupied, providing an established operating configuration across the three-parcel package.
The property is located at 1013 Lagneaux Rd in Duson, Louisiana. All units are currently occupied, providing an established operating configuration across the three-parcel package.
Key Highlights
- Six mobile homes across three separate parcels
- Two mobile homes located on each parcel
- 100% occupied units
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
$43,888
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
6.28%
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%
$877,760
$877.8K
Cap Rate 7%
$626,971
$627.0K
Cap Rate 9%
$487,644
$487.6K
Market Conditions
NOI Build-Up for 6,686 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
$89.9K $13.44/SF
− Vacancy
−$10.1K −$1.51/SF
EGI
$79.8K $11.93/SF
− OpEx
−$35.9K −$5.37/SF
NOI
$43.9K $6.56/SF
Area
Lafayette County, LA
Vacancy
11.20%
Lease Rate
$13.44 /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%
$877,760
Cap Rate 7%
$626,971
Cap Rate 9%
$487,644
Alternative Uses
Best Use
Apartment 5plus
$627.0K
$548.6K – $731.5K
NOI $43,888 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,656 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 70529, LA
11,842
Population
6,357
Households
1.9
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
36.4 sq mi
ZIP Area
325
Density / Sq Mi
$52,784
Median Household Income
$39,875
Median Earnings
$795
Median Rent
$189,600
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 South region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Fully occupied park with individually metered homes and renovated exteriors.
Where is this mobile home & rv park located?
The property is located at 1013 Lagneaux Rd Duson, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Six mobile homes across three separate parcels; Two mobile homes located on each parcel; 100% occupied units
