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    1815 South Dr Natchitoches, LA 71457
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    Property profile & analytics

    1815 South Dr, Natchitoches, LA 71457

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    • Mobile home & RV parks
    Off-Market
    Property ID
    US36-2027010
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dedon Cookie / Bakery / Specialty Food Shop
    • Carter's Mobile Home Park / Campground & RV Park

    Property Details for 1815 South Dr

    Property type
    Mobile home & RV parks

    Description

    This 79-pad mobile home park in Natchitoches, Louisiana, presents a compelling value-add investment opportunity. Currently operating at 70.9% occupancy, the park offers significant upside potential through rent increases. The property boasts a pro-forma NOI of $112,039 and a pro-forma cap rate of 6.22%, indicating strong projected returns. Recent renovations in 2023 enhance the park's appeal. Residents enjoy the convenience of direct-billed municipal water, sewer, and trash services. Well-maintained asphalt and concrete roads, along with two-car concrete off-street parking, provide ample space and convenience. An onsite office facilitates efficient management. The park's location within the city limits of Natchitoches provides easy access to city amenities and major retailers. The asking price is $1,800,000, translating to approximately $22,785 per pad. This turnkey operation presents a rare chance to acquire a well-situated mobile home park with substantial growth prospects in a desirable Louisiana location. The below-market rents currently in place offer immediate opportunities to increase profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Natchitoches
    County
    Natchitoches Parish
    State
    Louisiana
    Longitude
    -93.0764238
    Latitude
    31.7312993

    Comparable in this City

    • Contact for pricing

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      Downtown Natchitoches Office Building

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      Prime Natchitoches Commercial Property

      High-traffic corner lot, 1728 sq ft building.
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      Natchitoches Waterfront Restaurant Opportunity

      Turnkey restaurant with lake frontage and development potential.
      5948 Highway 1 Byp, Natchitoches, LA 71457
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      Prime Location on University Parkway

      Commercial land suitable for hotel, restaurant, retail, or gas.
      5409 University Pkwy, Natchitoches, LA 71457
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Large Multifamily Asset in Natchitoches

      Lender-owned 216-unit multifamily property near Northwestern State University.
      100 N Melrose Ave, Natchitoches, LA 71457
      View Details
    • $350,000
      3,922 SF

      Downtown Natchitoches Office Building

      Spacious Office Building, Prime Location
      220 Amulet St, Natchitoches, LA 71457
      View Details
    • $350,000
      1,728 SF

      Prime Natchitoches Commercial Property

      High-traffic corner lot, 1728 sq ft building.
      205 South Dr, Natchitoches, LA 71457
      View Details
    • $2,499,999
      3.53 Acres

      Natchitoches Waterfront Restaurant Opportunity

      Turnkey restaurant with lake frontage and development potential.
      5948 Highway 1 Byp, Natchitoches, LA 71457
      View Details
    • Contact for pricing

      Prime Location on University Parkway

      Commercial land suitable for hotel, restaurant, retail, or gas.
      5409 University Pkwy, Natchitoches, LA 71457
      View Details

    Similar Nearby for Lease

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      High-Traffic Retail Space Available

      Retail space in high-traffic shadow center near Walmart.
      929 Keyser Ave, Natchitoches, LA 71457
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      South Drive Commercial Space

      Versatile commercial space suitable for retail, restaurant, or office.
      117 South Dr, Natchitoches, LA 71457
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      1,600 SF

      Retail Space on South Drive

      Versatile retail space available for lease in Natchitoches, LA.
      620 South Dr, Natchitoches, LA 71457
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      Functional Office Space Available

      Versatile office space suitable for medical or professional use.
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      Restaurant Space with Drive-Thru

      QSR space with drive-thru near Northwestern State University.
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    Natchitoches, LA 71457
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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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