Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Iberia Office Space Title is generated by Realmo AI

    131 W Main Street, New Iberia, LA 70560

    View on Map
    Claim this Listing
    For Lease
    $475,000 SF/Yr $297,587,500/Mo (calc)

    COMMERCIAL - New Iberia, LA

    Property size:
    7,518 SF
    Lot size:
    0.23 Acres
    Added:
    Jan 10, 2025
    Days on Market:
    487
    Last Refresh:
    May 12 at 4:06 pm

    Property Features for 131 W Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C-2
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
    Parking features
    On Street
    Standard status
    Active
    APN
    0504495564
    Size
    7,518 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    54/48 x 207; Item 1. Being Unit 3A of Plat

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet - Full, Tile
    Roof type
    Metal

    We can help!

    Listing Contact
    Michael Lamperez
    Michael Lamperez

    Listing agent Michael Lamperez License #995703666

    Listing office Caffery Real Estate, Inc. 1105 Parkview Drive Ste.1, New Iberia, LA

    Listing date Jan 10, 2025

    MLS# 25000324

    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.

    HighLights

    • Excellent visibility on Main St. in downtown New Iberia.
    • Flexible leasing options: individual offices or entire building.
    • Competitive lease rate of $1.00 per square foot for individual offices.
    • All utilities included in individual office leases.
    • Multiple office spaces available, ranging from 450‑600 sq. ft.
    • Common areas include a large reception area and restrooms.

    Overview

    Located in downtown New Iberia, this commercial property offers 11 offices ranging from approximately 450 to 600 square feet. The property has excellent visibility on Main Street. The building has a total size of 7518 square feet and is situated on a 0.23-acre lot. The zoning is C-2. The property features common areas, including a large reception area and common restrooms. The offices are available for lease on an individual basis, with utilities included, or the entire building can be leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Academy of Acadiana Inc College Bayou Teche Museum Museum

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.819437
    Latitude
    30.006494

    Nearby Similar for Lease

    • $265,000 SF/Yr

      New Iberia Office Building

      Large office building with ample parking in New Iberia.
      119 Hansel Street, New Iberia, LA 70560
      View Details
    • $450,000 SF/Yr

      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 SF/Yr

      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 SF/Yr

      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
    • $400/Mo

      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
    • Contact for pricing

      Upscale Office Space Available

      Turnkey office space for sublease near Acadiana Regional Airport.
      3301 W Admiral Doyle Dr, New Iberia, LA 70560
      View Details
    • Contact for pricing

      Versatile Second-Floor Office Suite

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

      Historical Downtown Building For Lease

      Updated commercial space in historical downtown New Iberia.
      145 W Main B Street, 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 in Iberia

      High-traffic location, customizable space, ample parking, expansion potential.
      801 S Lewis Street, New Iberia, LA 70560
      View Details

    FAQs

    What type of property is this?
    Office units - Office building with individual offices for lease in New Iberia.
    Where is this office units located?
    The property is located at 131 W Main Street New Iberia, LA.
    What is the lease rate?
    The lease rate is $475,000.
    What are key features of this property?
    This property features: Excellent visibility on Main St. in downtown New Iberia.; Flexible leasing options: individual offices or entire building.; Competitive lease rate of $1.00 per square foot for individual offices.
    (337) 519-8827
    We can help!
    Listing Contact
    Michael Lamperez
    Michael Lamperez
    Real Estate License ID: 995703666
    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

    Thank You for Inquiry
    131 W Main Street, New Iberia, LA 70560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!