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    Property profile & analytics

    245 Kathy Dr Cameron, LA 70631

    • Mobile home & RV parks
    • 11,250 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1663242
    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

    • Mobile home & RV parks

    Property Details for 245 Kathy Dr

    Property size
    11,250 SF
    Property type
    Mobile home & RV parks

    Description

    This exceptional investment opportunity presents a 11,250 square foot RV park situated on the stunning Constance Beach along Louisiana's Southwest Gulf Coast. The property, measuring 150 feet by 75 feet, boasts five fully functional RV hookups complete with working septic systems. Its prime location offers breathtaking Gulf views, a short stroll from the beach, perfect for fishing, shelling, or simply enjoying the ocean's tranquility. The park's versatility allows for both personal use and income generation; utilize one hookup for a family getaway while renting the others to generate supplemental revenue. This presents a unique chance to combine personal enjoyment with a potentially lucrative investment. The growing popularity of Southwest Louisiana's beautiful beaches makes this a highly desirable location. The asking price is $135,000, translating to $12 per square foot. This coastal property presents a rare opportunity for a family retreat or a profitable investment venture. Don't miss this chance to own a piece of paradise on the Louisiana Gulf Coast. The address is 245 Kathy Dr, Cameron, LA 70631.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cameron
    County
    Cameron Parish
    State
    Louisiana
    Longitude
    -93.579768
    Latitude
    29.759836

    Comparable in this City

    • $139,000
      0.34 Acres

      Constance Beach RV Park Opportunity

      RV park near Constance Beach with income potential and amenities.
      226 Kathy Dr, Johnsons Bayou, LA 70631
      View Details
    • $1,000,000

      Cameron, LA Beachfront Land Investment

      Rare 28 lots, highway & beach access.
      0 Gulf Beach Hwy, Cameron, LA 70631
      View Details
    • $135,000
      0.14 Acres

      Waterfront Lots in Holly Beach

      Five lots in Holly Beach, including beachfront property.
      2230 Egret St, Cameron, LA 70631
      View Details
    • $79,000
      0.43 Acres

      Corner Lot in Gated Community

      Corner lot in gated beach community with gorgeous beach views.
      15 Pelican Beach Dr, Cameron, LA 70631
      View Details
    • New
      $80,000
      0.12 Acres

      RV-Ready Lot Near Little Florida Beach

      Corner lot with utilities near Little Florida Beach.
      101 Seaward, Cameron, LA 70631
      View Details
    • New
      $125,000
      14.98 Acres

      Cameron Land Near Venture Global

      14.98-acre parcel near Venture Global CP2 Project.
      5995 W Creole Hwy, Cameron, LA 70631
      View Details

    Similar Nearby for Sale

    • $139,000
      0.34 Acres

      Constance Beach RV Park Opportunity

      RV park near Constance Beach with income potential and amenities.
      226 Kathy Dr, Johnsons Bayou, LA 70631
      View Details
    • $1,000,000

      Cameron, LA Beachfront Land Investment

      Rare 28 lots, highway & beach access.
      0 Gulf Beach Hwy, Cameron, LA 70631
      View Details
    • $125,000
      0.11 Acres

      Holly Beach Coastal Land

      Four lots perfect for building in Holly Beach, Louisiana.
      2112 Teal St, Cameron, LA 70631
      View Details
    • $70,000
      1.11 Acres

      Land Near Johnsons Bayou Beach

      Acreage with utilities, slab, suitable for multiple campers.
      165 Middle Rdg, Johnsons Bayou, LA 70631
      View Details
    • $72,500

      Cameron Parish Beach Proximity Land

      Land near beach with road frontage in Cameron, Louisiana.
      Gulf Beach Hwy, Cameron, LA 70631
      View Details
    • $47,500
      0.12 Acres

      Land Near Beach in Cameron

      Residential lot near the beach, perfect for recreation.
      Richard Ln, Cameron, LA 70631
      View Details
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    245 Kathy Dr
    Cameron, LA 70631
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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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