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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    114 Sandal St West Monroe, LA 71292

    • Mobile home & RV parks
    • 10.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0537162
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • D B Roofing / Roofing Contractor

    Property Details for 114 Sandal St

    Lot size
    10.96 lot acres
    Property type
    Mobile home & RV parks

    Description

    This exceptional 44-unit mobile home park in West Monroe, Louisiana, presents a compelling investment opportunity. Situated on 10.96 acres, including a 5-acre adjacent lot, the property boasts a strong 91% occupancy rate and a substantial net operating income (NOI) exceeding $140,000 annually, translating to an attractive 11% capitalization rate. All utilities are directly billed to residents, simplifying management. An on-site manager ensures smooth daily operations. Below-market rents offer immediate potential for increased profitability. The seller is open to discussions regarding the vacant land, potentially offering a right of first refusal for future development. This turnkey operation provides a stable income stream with significant upside potential for savvy investors seeking a high-yield, low-maintenance asset in a desirable Louisiana location. The property's paved roads and efficient management structure contribute to its overall appeal. This is a rare opportunity to acquire a well-maintained, high-performing mobile home park with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -92.1590015
    Latitude
    32.4745378

    Comparable in this City

    • $282,268
      1.44 Acres

      Basic Dr

      Land • 1.44 Acres
      0 Basic Dr, West Monroe, LA 71292
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    • $239,000
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      West Monroe Warehouse - $239K

      Spacious West Monroe warehouse, 15,500 sq ft.
      609 Montgomery Ave, West Monroe, LA 71292
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    • $506,385

      Commercial Land in Basic Drive

      1.55 acre commercial land with utilities on site.
      Basic Dr, West Monroe, LA 71292
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    • $100,000

      8 Acres Land Parcel

      8 acre parcel, perfect to build your dream home.
      000 Ray Chapman Rd, Calhoun, LA 71292
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    • $425,000

      Prime Commercial Lot I-20 Frontage

      1.06 acre commercial lot with high traffic visibility.
      399 Constitution Dr, West Monroe, LA 71292
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    • $1,500,000

      Prime Commercial Land Along I-20

      2 AC commercial property with redevelopment opportunities in Ouachita Parish.
      5525 I 20 Service Rd, West Monroe, LA 71292
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    Similar Nearby for Sale

    • $506,385

      Commercial Land in Basic Drive

      1.55 acre commercial land with utilities on site.
      Basic Dr, West Monroe, LA 71292
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    • $100,000

      8 Acres Land Parcel

      8 acre parcel, perfect to build your dream home.
      000 Ray Chapman Rd, Calhoun, LA 71292
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    • $425,000

      Prime Commercial Lot I-20 Frontage

      1.06 acre commercial lot with high traffic visibility.
      399 Constitution Dr, West Monroe, LA 71292
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    • $1,500,000

      Prime Commercial Land Along I-20

      2 AC commercial property with redevelopment opportunities in Ouachita Parish.
      5525 I 20 Service Rd, West Monroe, LA 71292
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    • $795,000

      216 Acre Timber Hunting Tract

      Multi-use timber tract with recreational and development opportunities.
      259 Ed Rutledge Rd, West Monroe, LA 71292
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    • $1,125,000

      Cypress Creek Hunting and Fishing

      250 acre waterfront property ideal for hunting and fishing.
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    Similar Nearby for Lease

    • Contact for pricing
      8,545 SF

      Retail Space in West Monroe

      Retail property available for lease in West Monroe, Louisiana.
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    • $499,000
      6,090 SF

      Office and Warehouse Complex

      Office complex with warehouse, move-in ready, convenient location.
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    • $8 SF/Yr
      8,501 SF

      West Monroe Professional Office Space

      Professional office space available for lease in West Monroe, LA.
      401 Thomas Rd, West Monroe, LA 71292
      View Details
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    114 Sandal St
    West Monroe, LA 71292
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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