Listing Agency: Gulf Coast Real Estate, LLC

Listed By: Quinn Anderson · License #995693307 Show Phone

Source: Smithsquared

Added: Jul 23 Changed: Oct 7 Last Checked: Oct 7 at 3:36PM

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Investment Insights

Based on property information with market context.

This mobile home and RV park includes two occupied residential units, an unfinished shell that can be completed as another rental unit, and seven RV rental spots. One residence contains three bedrooms and two bathrooms within 1,427 square feet, along with a two-car carport and attached storage. The second includes two bedrooms and one bathroom across 875 square feet. A laundry room and garage provide additional utility and storage space.

The property encompasses 27 acres extending to the intercoastal, with a pond crossing near the rear of the tract. Ducks and deer are present on the land, which also supports hunting use. RV spaces are identified at 115, 119, and 123, while the overall property includes seven RV spots.

Key Highlights

• 27 acres extending to the intercoastal
• Seven RV rental spots across the property
• 1,427‑square‑foot 3/2 residence with 2‑car carport and attached storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,642

Cap Rate

5.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$572,840 $572.8K

Cap Rate 7%

$409,171 $409.2K

Cap Rate 9%

$318,244 $318.2K

Market Conditions

NOI Build-Up for 4,380 SF

Gross rent

$57.3K $13.08/SF

− Vacancy

−$5.2K −$1.19/SF

EGI

$52.1K $11.89/SF

− OpEx

−$23.4K −$5.35/SF

NOI

$28.6K $6.54/SF

Area

Terrebonne County, LA

Vacancy

9.10%

Lease Rate

$13.08 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$572,840

Cap Rate 7%

$409,171

Cap Rate 9%

$318,244

Alternative Uses

Best Use

Apartment 5plus

$409.2K

$358.0K – $477.4K (±1% cap)

NOI $28,642 @ 7.0% cap · market cap 5.97%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,516 @ 7.0% cap · market cap 17.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Grocery & Convenience Store Food Market Travel Agency Supermarket Restaurant Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

29

Businesses Nearby

Explore this area Business Placement

Demographics for 70363, LA

25,319

Population

10,449

Households

2.4

Avg Household Size

36

Median Age

8%

College-Educated

75%

High-School Grad

78.4 sq mi

ZIP Area

323

Density / Sq Mi

$44,828

Median Household Income

$33,176

Median Earnings

$1,054

Median Rent

$143,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mixed residential and RV property with rental spaces, storage facilities, acreage, and recreational land features.

Where is this mobile home & rv park located?

The property is located at 109-142 J Davis Ct Houma, LA.

What is the asking price?

The asking price for this property is $480,000.

What are key features of this property?

This property features: 27 acres extending to the intercoastal; Seven RV rental spots across the property; 1,427‑square‑foot 3/2 residence with 2‑car carport and attached storage