Mobile Home and RV
For Sale
$499,000
109-142 J Davis Ct, Houma, LA 70363
Mixed residential and RV property with rental spaces, storage facilities, acreage, and recreational land features.
Property Size4,380 SF
Lot Size27.00 Acres
Price / SF$113.93
Days on Market39
Property Features for 109-142 J Davis Ct
General Information
Standard status
Active
Size
4,380 SF
Lot size
27.00 Acres
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Land Use
residential, recreational, hunting
Amenities
laundry room
Listing Agency:
Gulf Coast Real Estate, LLC
(985) 804-8532
Listed By:
Quinn Anderson · License #995693307
Source:
Smithsquared
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 29 at 2:56PM
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 Gulf Coast Real Estate, LLC
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.
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 = 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
$28,642
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
5.74%
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%
$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
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
$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 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%
$572,840
Cap Rate 7%
$409,171
Cap Rate 9%
$318,244
Alternative Uses
Best Use
Apartment 5plus
$409.2K
$358.0K – $477.4K
NOI $28,642 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,516 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $499,000.
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
