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    1011 20 Arpent Rd New Iberia, LA 70563

    View on Map
    Sponsored
    For Sale
    $180,000

    COMMERCIAL - New Iberia, LA

    Property size:
    2,400 SF
    Lot size:
    0.25 Acres
    Days on Market:
    86
    Last Refresh:
    Mar 29 at 7:06 pm

    Property Features for 1011 20 Arpent Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C1
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    0504233490d
    Parking features
    Garage, Off Street
    Exterior features
    Fully Fenced, OH Door 10 - 15 Ft, OH Door 16 - 20 Ft, Stabilized Yard Base, Storage Building
    Fencing
    Full
    Size
    2,400 SF
    Lot size
    0.25 Acres

    Utilities

    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lonnie L Trimble
    Lonnie L Trimble

    eXp Realty, LLC

    Listing agent Lonnie L Trimble License #0995684940

    Listing date Jan 2, 2026

    MLS# 2020022762

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Building, New Iberia

    Located in New Iberia, Louisiana, the property at 1011 Twenty Arpent Road presents a commercial building suited for various business applications. The 40' x 60' building is positioned on a corner lot, offering high visibility. The 2,400 square foot facility includes six garage doors, a dedicated office space, and a half bath. The property is fully fenced, providing security and space for operations, equipment, and parking. The property is zoned C1 and is situated on a 0.25-acre lot. Potential business uses include an automotive repair shop or storage units, among other service-based businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LA Elite Auto Car Wash

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hi Tech Automotive, Walmart Auto Care Centers, Duraturn Tires, S & E Collision Repair LLC, Rim Pros II of New Iberia

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.80997
    Latitude
    29.992033

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    FAQs

    What type of property is this?
    Auto shop - Spacious commercial building on corner lot, ideal for various businesses.
    Where is this auto shop located?
    The property is located at 1011 20 Arpent Rd New Iberia, LA.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - High-visibility corner lot location on Twenty Arpent Road.; - Versatile 40' x 60' commercial building suitable for various business uses.; - Six garage doors (including doors between 10-20 ft tall) for easy access and operations.
    (337) 277-5185
    Request Owner's contact information
    1011 20 Arpent Rd New Iberia, LA 70563
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    New Iberia, LA 70563
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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
    1011 20 Arpent Rd New Iberia, LA 70563
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    We can help!
    Listing Contact
    Lonnie L Trimble
    Lonnie L Trimble
    Real Estate License ID: 0995684940
    Learn More
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