10-Lot Mobile Home
For Sale
$800,000
105 Nena Ln, Lafayette, LA 70508
Fully occupied mobile home subdivision with separately saleable homes near Milton and E Broussard Road.
Property Size5,760 SF
Price / SF$138.89
Days on Market209
Property Features for 105 Nena Ln
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Residential Income
Listing Agency:
Candy Realty
(337) 278-3877
Listed By:
Candy Yang
(337) 278-3877
Source:
Exprealty
Added: Feb 4
Changed: Aug 31
Last Checked: Aug 31 at 6:17PM
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 Candy Realty
Investment Insights
Based on property information with market context.
This 10-lot mobile home subdivision offers an income-producing residential layout in Lafayette Parish, with each home available for separate sale. The park is 100% rented, providing an established occupancy profile for the property as configured.
Most of the mobile homes were built in 2000, and the majority measure 18 feet wide rather than the more typical 16-foot width. The property is near the Milton area, positioned off E Broussard Road at 105 Nena Ln in Lafayette, Louisiana.
Most of the mobile homes were built in 2000, and the majority measure 18 feet wide rather than the more typical 16-foot width. The property is near the Milton area, positioned off E Broussard Road at 105 Nena Ln in Lafayette, Louisiana.
Key Highlights
- 10‑lot mobile home subdivision
- 100% rented occupancy
- Each home can be sold separately
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
$48,832
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
6.10%
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%
$976,640
$976.6K
Cap Rate 7%
$697,600
$697.6K
Cap Rate 9%
$542,578
$542.6K
Market Conditions
NOI Build-Up for 5,760 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
$121.0K $21.00/SF
− Vacancy
−$32.2K −$5.59/SF
EGI
$88.8K $15.41/SF
− OpEx
−$40.0K −$6.94/SF
NOI
$48.8K $8.48/SF
Area
Lafayette, LA
Vacancy
26.60%
Lease Rate
$21.00 /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%
$976,640
Cap Rate 7%
$697,600
Cap Rate 9%
$542,578
Alternative Uses
Best Use
Apartment 5plus
$697.6K
$610.4K – $813.9K
NOI $48,832 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,330 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Fully occupied mobile home subdivision with separately saleable homes near Milton and E Broussard Road.
Where is this mobile home & rv park located?
The property is located at 105 Nena Ln Lafayette, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 10‑lot mobile home subdivision; 100% rented occupancy; Each home can be sold separately
