RV Resort Lot With
For Sale
$225,000
500 CLAIBORNE Avenue, New Orleans, LA 70112
Lot #30 in a gated, professionally managed 52-unit RV resort includes access to shared amenities.
Property Size900 SF
Price / SF$250
Days on Market357
Property Features for 500 CLAIBORNE Avenue
General Information
Standard status
Active
Size
900 SF
Property subtype
General Commercial
Additional Details
Cap Rate
6.3%
Amenities
3
MU2
Parking.
Assigned Parking Space, Lot.
Rectangular
320X566
Oversized Lot, Rectangular.
Building Details
Year Built
2005
Listing Agency:
REVE, REALTORS
(504) 520-9255
Listed By:
Kate Kancheva
(504) 520-9255
Source:
Xome
Added: Aug 21, 2025
Changed: Aug 7
Last Checked: Aug 12 at 4:18AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
Lot #30 is available for purchase within the French Quarter RV Resort, a privately owned, professionally managed 52-unit compound. The resort is gated and designed for scheduled stays, with management handling leasing while owners share in income and expenses.
The listing states the property is within walking distance of the French Quarter and Lafitte Greenway. On-site shared amenities noted in the remarks include a pool, concierge services, laundry, a game room, and an outdoor kitchen.
Site visits are restricted and must be scheduled and authorized in advance. HOA fees are described as being paid quarterly, and the management company is responsible for leasing operations. Please contact the listing agent directly for detailed financial data and an expense breakdown.
The listing states the property is within walking distance of the French Quarter and Lafitte Greenway. On-site shared amenities noted in the remarks include a pool, concierge services, laundry, a game room, and an outdoor kitchen.
Site visits are restricted and must be scheduled and authorized in advance. HOA fees are described as being paid quarterly, and the management company is responsible for leasing operations. Please contact the listing agent directly for detailed financial data and an expense breakdown.
Key Highlights
- Lot #30 at French Quarter RV Resort in a gated, professionally managed 52‑unit compound
- Lot is oversized and rectangular (320x566 lot dimensions), designated as Lot #30
- MU2 zoning
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
$10,475
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
4.66%
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%
$209,500
$209.5K
Cap Rate 7%
$149,643
$149.6K
Cap Rate 9%
$116,389
$116.4K
Market Conditions
NOI Build-Up for 900 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
$21.0K $23.28/SF
− Vacancy
−$1.9K −$2.12/SF
EGI
$19.0K $21.16/SF
− OpEx
−$8.6K −$9.52/SF
NOI
$10.5K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /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%
$209,500
Cap Rate 7%
$149,643
Cap Rate 9%
$116,389
Alternative Uses
Best Use
Apartment 5plus
$149.6K
$130.9K – $174.6K
NOI $10,475 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$228.8K
$200.2K – $266.9K
NOI $16,013 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 70112, LA
4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
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 - Lot #30 in a gated, professionally managed 52-unit RV resort includes access to shared amenities.
Where is this mobile home & rv park located?
The property is located at 500 CLAIBORNE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Lot #30 at French Quarter RV Resort in a gated, professionally managed 52‑unit compound; Lot is oversized and rectangular (320x566 lot dimensions), designated as Lot #30; MU2 zoning
