Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1116 Center Street New Iberia, LA 70560

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    COMMERCIAL - New Iberia, LA

    Property size:
    2,440 SF
    Lot size:
    0.24 Acres
    Added:
    May 11, 2022
    Days on Market:
    1431
    Last Refresh:
    Apr 10 at 4:06 am

    Property Features for 1116 Center Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C3
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    5
    Parking features
    Off Street
    Exterior features
    Pole Sign
    Standard status
    Active
    APN
    0503830500
    Size
    2,440 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Description
    1-66 X 177 ITEM 2

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Brennan Billeaud
    Brennan Billeaud

    Listing agent Brennan Billeaud License #0000069755

    Listing office Compass 2000 Kaliste Saloom, Ste. 101, LA

    Listing date May 11, 2022

    MLS# 22004389

    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.

    Overview

    Retail Storefront on Center Street

    This 2440 square foot retail storefront is located on Center Street in New Iberia, Louisiana. The property, situated on a 0.24-acre lot, benefits from its central location and high-traffic exposure on a four-lane street. The property is zoned C3. Previously, the space was occupied by Mouton's Electrical Sales and Service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.828568
    Latitude
    29.994483

    Nearby Similar for Lease

    • $269,000/mo

      Spacious Office Building in New Iberia

      Large office building with ample parking and flexible leasing options.
      119 Hansel Street, New Iberia, LA 70560
      View Details
    • $450,000/mo

      Commercial Space in New Iberia

      Versatile commercial property with office and retail space available for lease.
      132 W Saint Peter Street, New Iberia, LA 70560
      View Details
    • $599,000/mo

      Commercial Building with Excellent Visibility

      Commercial building with showroom, offices, and storage near Hwy 90.
      1104 E Highway 90, New Iberia, LA 70560
      View Details
    • Contact for pricing

      Historic Commercial Property in New Iberia

      Charming historic commercial property in downtown New Iberia.
      109 French Street, New Iberia, LA 70560
      View Details
    • $165,000/mo

      New Iberia Commercial Building

      Versatile commercial building with retail, office, and warehouse space.
      1416 Easy Street, New Iberia, LA 70560
      View Details
    • Contact for pricing

      New Iberia Commercial Space

      High-visibility commercial space suitable for office, retail, or service businesses.
      810 Jefferson Terrace unit: B, New Iberia, LA 70560
      View Details
    • Contact for pricing

      New Iberia Commercial Shop Space

      Shop space with office available for rent in New Iberia.
      547 Charles Street unit: A, New Iberia, LA 70560
      View Details
    • $14/mo

      Upscale Office Space Available

      Turnkey office space for sublease near Acadiana Regional Airport.
      3301 W Admiral Doyle Dr, New Iberia, LA 70560
      View Details
    • $475,000/mo

      New Iberia Office Space

      Office building with individual offices for lease in New Iberia.
      131 W Main Street, New Iberia, LA 70560
      View Details
    • Contact for pricing

      Versatile Second-Floor Office Suite

      High-traffic location with customizable office space and ample parking.
      801 S Lewis Street unit: 7, New Iberia, LA 70560
      View Details
    • Contact for pricing

      New Iberia Retail/Office Space

      Retail/office/storage space for lease in New Iberia.
      2005 Sugar Mill Road, New Iberia, LA 70563
      View Details
    • Contact for pricing

      Versatile Office Suite For Lease

      Second-floor office suite in high-traffic location, New Iberia.
      801 S Lewis Street unit: 9, New Iberia, LA 70560
      View Details

    FAQs

    What type of property is this?
    Retail space - 2400 SF retail space with high-traffic street exposure.
    Where is this retail space located?
    The property is located at 1116 Center Street New Iberia, LA.
    What are key features of this property?
    This property features: High‑traffic location on Center Street, a 4‑lane thoroughfare.; 2400 SF retail storefront suitable for various business ventures.; Central location in New Iberia.
    (337) 654-2591
    We can help!
    Listing Contact
    Brennan Billeaud
    Brennan Billeaud
    Real Estate License ID: 0000069755
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!