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    Property profile & analytics

    520 Parish Rd Sulphur, LA 70663

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0314357
    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

    • Small apartment buildings

    Property Details for 520 Parish Rd

    Property type
    Small apartment buildings

    Description

    This exceptional multifamily investment opportunity in Sulphur, Louisiana, presents a compelling case for immediate acquisition. Located near Sulphur's recreation center, this fully furnished property boasts six bedrooms, four full bathrooms, three kitchens, and a kitchenette across three distinct living spaces: a cozy two-bedroom, one-bath unit; a spacious two-bedroom, one-bath unit with a lock-off suite and full bath; and a one-bedroom poolside suite with a full bath and kitchen. All units share a community laundry room and access to a stunning gunite pool. Currently generating $4,050 in gross monthly rent and $2,050 in net operating income, this property offers a strong debt service coverage ratio (DSCR) of 1.6, making it ideal for financing. The current below-market rents present significant potential for increased revenue through lease renewals or unit upgrades. The property features a durable metal roof, brick veneer, updated electrical systems, and fresh exterior paint. Situated in flood zone X, it requires no flood insurance. This turnkey investment is ready for immediate income generation and future appreciation in a high-demand area. The asking price is $249,900. Don't miss this chance to add a profitable property to your portfolio.

    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
    Sulphur
    County
    Calcasieu Parish
    State
    Louisiana
    Longitude
    -93.3799737
    Latitude
    30.223934

    Comparable in this City

    • $1,149,000
      0.78 Acres

      Profitable 20-Unit Apartment Complex

      20-unit apartment complex in Sulphur, LA with strong cash flow.
      2505 Rhua Dr, Sulphur, LA 70663
      View Details
    • $47,500
      1.05 Acres

      Sulphur Land Opportunity

      Land available in Holbrook Acres Mobile Home Subdivision.
      Sulphur, LA 70663
      View Details
    • $47,500
      0.88 Acres

      Sulphur Land Opportunity

      Land available in Holbrook Acres Mobile Home Subdivision, Sulphur, LA.
      Sulphur, LA 70663
      View Details
    • $47,500
      0.74 Acres

      Sulphur Land for Mobile Homes

      Mobile home lots available in well-planned Sulphur community.
      Sulphur, LA 70663
      View Details
    • $55,000
      0.65 Acres

      Sulphur Land for Mobile Homes

      Mobile home lots available in well-planned Sulphur community.
      Sulphur, LA 70663
      View Details
    • $55,000
      0.52 Acres

      Land in Holbrook Acres Subdivision

      Land for sale in well-planned mobile home community.
      Sulphur, LA 70663
      View Details

    Similar Nearby for Sale

    • $1,149,000
      0.78 Acres

      Profitable 20-Unit Apartment Complex

      20-unit apartment complex in Sulphur, LA with strong cash flow.
      2505 Rhua Dr, Sulphur, LA 70663
      View Details
    • $47,500
      1.05 Acres

      Sulphur Land Opportunity

      Land available in Holbrook Acres Mobile Home Subdivision.
      Sulphur, LA 70663
      View Details
    • $55,000
      0.65 Acres

      Sulphur Land for Mobile Homes

      Mobile home lots available in well-planned Sulphur community.
      Sulphur, LA 70663
      View Details
    • $47,500
      0.74 Acres

      Sulphur Land for Mobile Homes

      Mobile home lots available in well-planned Sulphur community.
      Sulphur, LA 70663
      View Details
    • $47,500
      0.88 Acres

      Sulphur Land Opportunity

      Land available in Holbrook Acres Mobile Home Subdivision, Sulphur, LA.
      Sulphur, LA 70663
      View Details
    • $55,000
      0.66 Acres

      Sulphur Land for Mobile Homes

      Mobile home lots available in well-planned Sulphur community.
      Sulphur, LA 70663
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      55,000 SF

      Maplewood Plaza Retail Space for Lease

      Sulphur, LA Retail Center - Two Spaces Available
      2237 Maplewood Dr, Sulphur, LA 70663
      View Details
    • $2,000 /Mo
      1,200 SF

      Office/Retail Suite Near Walmart

      1,200 SF office/retail suite available for lease.
      550 Cities Service Hwy, Sulphur, LA 70663
      View Details
    • $1,500 /Mo
      1,500 SF

      Flex Space with Lay-down Yard

      1,500 SF flex space with office and warehouse.
      2965 E Napoleon St, Sulphur, LA 70663
      View Details
    • $4,100 /Mo
      4,000 SF

      Sulphur Flex Space For Rent

      Flex space featuring warehouse and office components available for lease.
      228 Prater Rd, Sulphur, LA 70663
      View Details
    • $1,800 /Mo
      2,400 SF

      Retail/Office Space For Lease

      Retail or office suites available for lease in Sulphur.
      1596 East Napoleon St, Sulphur, LA 70663
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      301-341 N Cities Service Hwy, Sulphur, LA 70663
      View Details
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    520 Parish Rd
    Sulphur, LA 70663
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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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