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    Property profile & analytics

    2596 Hwy 3059 Lake Charles, LA 70615-3145

    • Mobile home & RV parks
    OFF-MARKET
    Value Estimation
    $1,150,000
    Last Sale
    Jan 26, 2022
    $1,400,000
    Location Intelligence
    Property ID
    US36-1373718
    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 2596 Hwy 3059

    Property type
    Mobile home & RV parks
    APN
    97527
    APU
    97527

    Description

    This exceptional investment opportunity presents a 64-unit mobile home park situated on 5.72 acres in Lake Charles, Louisiana. Currently operating at 61% occupancy, the park boasts 39 tenant-owned homes and 25 vacant lots, offering significant upside potential. The existing net operating income (NOI) is $122,275, yielding a current cap rate of 7.19%. However, with below-market lot rents, a pro-forma analysis projects a substantial increase in profitability. At full occupancy and market rates, the projected cap rate jumps to 14.12%. The park features paved roads and county water, although not sub-metered. Its convenient location, less than a mile from Highway 171 and a Walmart Supercenter, adds to its appeal. Lake Charles itself demonstrates strong population growth, exceeding 80,000 residents and experiencing a 7% increase since 2020. The city's strategic location, equidistant from Houston, Texas, and Baton Rouge, Louisiana, further enhances its long-term prospects. This value-add investment is priced at $1,700,000 and presents a compelling opportunity for significant returns. The property's strong fundamentals, coupled with the potential for rent increases and increased occupancy, make this a highly attractive investment in a growing market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,070,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,515,000
      7%
      $1,465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,375,000
      Geo Method
      $1,335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,140,000
      Retail
      $1,425,000
      Mixed-Use
      $1,410,000
      Hospitality
      $1,395,000
      Educational
      $1,170,000
      Residential Income
      $1,160,000
      Energy
      $1,245,000
      Income-Based Land
      $1,340,000
      Food Service
      $1,485,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.1797
    Latitude
    30.2788
    CBSA code
    29340
    CBSA name
    LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,690
    $11,500
    $19,080
    $30,580
    -
    $115,000
    $190,800
    $305,800

    Comparable in this City

    • Value Estimation by Request

      4979 Goos Fry Rd

      CAMPGROUND, RV PARK
      4979 Goos Fry Rd, Lake Charles, LA 70615-3217
      View Details
    • Value Estimation by Request

      5665 Goos Fry Rd

      CAMPGROUND, RV PARK
      5665 Goos Fry Rd, Lake Charles, LA 70615
      View Details
    • Value Estimation by Request

      4969 Goos Fry Rd

      CAMPGROUND, RV PARK
      4969 Goos Fry Rd, Lake Charles, LA 70615-3217
      View Details
    • Value Estimation by Request

      5449 Goos Fry Rd

      CAMPGROUND, RV PARK
      5449 Goos Fry Rd, Lake Charles, LA 70615-3222
      View Details
    • Value Estimation by Request

      6675 Hwy 90th E

      MOBILE HOME PARK, TRAILER PARK
      6675 Hwy 90th E, Lake Charles, LA 70615-4759
      View Details
    • Value Estimation by Request
      40.50 Acres

      5494 Riv Rd

      CAMPGROUND, RV PARK • 40.50 Acres
      5494 Riv Rd, Lake Charles, LA 70615
      View Details

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    Similar Nearby for Lease

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    2596 Hwy 3059
    Lake Charles, LA 70615-3145
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    Realmo Value Estimation

    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.

    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.

    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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