Mobile Home Park With Vacant
For Sale
$607,500
7606 Ling Rd, Lake Charles, LA 70605
Four occupied homes include appliances, laundry hookups, three bedrooms, two baths, and attached carports.
Property Size5,120 SF
Price / SF$118.65
Days on Market31
Property Features for 7606 Ling Rd
General Information
Standard status
Active
Size
5,120 SF
Property subtype
Multi-Family
Listing Agency:
Century 21 Bessette Flavin
(337) 540-1916
Listed By:
Larry Turner · License #4569
Source:
Athomerealtyla
Added: Aug 3
Changed: Aug 30
Last Checked: Aug 31 at 7:23PM
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 Century 21 Bessette Flavin
Investment Insights
Based on property information with market context.
This mobile home park includes four Southern Energy homes, each measuring 16 by 80 feet and configured with three bedrooms and two baths. The homes include kitchen appliances, laundry hookups, and attached carports. All four units are currently occupied by tenants.
Two additional vacant lots are included for future mobile home placement. The parcels measure approximately 20.8 by 119.8 feet and 141.3 by 121.3 feet, or 0.33 and 0.39 acres, respectively. The property is located in South Lake Charles and includes 7606, 7606A, 7608, 7629, 7631, and 7633 Ling Rd.
Two additional vacant lots are included for future mobile home placement. The parcels measure approximately 20.8 by 119.8 feet and 141.3 by 121.3 feet, or 0.33 and 0.39 acres, respectively. The property is located in South Lake Charles and includes 7606, 7606A, 7608, 7629, 7631, and 7633 Ling Rd.
Key Highlights
- Four Southern Energy mobile homes, each 16x80 with three bedrooms and two baths
- All four homes are currently tenant occupied
- Kitchen appliances and laundry hookups included in each home
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
$29,919
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
4.92%
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%
$598,380
$598.4K
Cap Rate 7%
$427,414
$427.4K
Cap Rate 9%
$332,433
$332.4K
Market Conditions
NOI Build-Up for 5,120 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
$58.4K $11.40/SF
− Vacancy
−$4.0K −$0.78/SF
EGI
$54.4K $10.62/SF
− OpEx
−$24.5K −$4.78/SF
NOI
$29.9K $5.84/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$11.40 /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%
$598,380
Cap Rate 7%
$427,414
Cap Rate 9%
$332,433
Alternative Uses
Best Use
Apartment 5plus
$427.4K
$374.0K – $498.7K
NOI $29,919 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.10M
$965.7K – $1.29M
NOI $77,253 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 70605, LA
39,903
Population
17,926
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
43.0 sq mi
ZIP Area
928
Density / Sq Mi
$88,337
Median Household Income
$46,173
Median Earnings
$1,348
Median Rent
$293,800
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 - Four occupied homes include appliances, laundry hookups, three bedrooms, two baths, and attached carports.
Where is this mobile home & rv park located?
The property is located at 7606 Ling Rd Lake Charles, LA.
What is the asking price?
The asking price for this property is $607,500.
What are key features of this property?
This property features: Four Southern Energy mobile homes, each 16x80 with three bedrooms and two baths; All four homes are currently tenant occupied; Kitchen appliances and laundry hookups included in each home
