Fenced Flex Space with
For Sale
$285,000
Pending
1609 Jefferson Island Road, New Iberia, LA 70560
COMMERCIAL - New Iberia, LA
Property Size3,750 SF
Lot Size0.80 Acres
Days on Market369
Property Features for 1609 Jefferson Island Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-7
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Exterior features
Door Sign
Lot features
Level
Directions
Heading East on HWY 90 Take Jefferson Island Road exit, head towards New Iberia, Destination will be on your right.
Subdivision
I2
Standard status
Pending
APN
0101380122
Size
3,750 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
1-137/138 X 200/193 ITEM 2 HWY 675, BOUTTE, LOT 8, LOT 17 BEING LOT 18, PHASE I, SUNNY MEADOWS SUB LOCATED IN SEC 14, T12S, R6E
Legal Description
1-137/138 X 200/193 ITEM 2 HWY 675, BOUTTE, LOT 8, LOT 17 BEING LOT 18, PHASE I, SUNNY MEADOWS SUB LOCATED IN SEC 14, T12S, R6E
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Amenities
overhead doors
mezzanine storage
fenced yard
Building Details
Flooring type
Concrete
Roof type
Metal
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Barton Broussard · License #52896
(337) 380-9511
Added: Aug 26, 2025
Changed: Aug 4
Last Checked: Aug 29 at 3:06AM
MLS# 2500002796
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.
Investment Insights
Based on property information with market context.
This flex property combines approximately 3,750 SF of industrial and office improvements. The warehouse area measures +/-2,850 SF and offers two overhead doors, mezzanine storage, 16' eave heights, and a fully fenced yard. Concrete flooring, central heating, central air, a metal roof, and private sewer are also in place.
The +/-900 SF office component includes two private offices, a reception area, and two restrooms. The property is located near Acadiana Regional Airport and Highway 90, providing access relevant to logistics and business operations. Zoning is I-7, and the address is 1609 Jefferson Island Road in New Iberia, Louisiana.
The +/-900 SF office component includes two private offices, a reception area, and two restrooms. The property is located near Acadiana Regional Airport and Highway 90, providing access relevant to logistics and business operations. Zoning is I-7, and the address is 1609 Jefferson Island Road in New Iberia, Louisiana.
Key Highlights
- Approximately 3,750 SF of industrial and office space
- Warehouse area of +/-2,850 SF with two overhead doors
- 16' eave heights and mezzanine storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,658
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,160
$473.2K
Cap Rate 7%
$337,971
$338.0K
Cap Rate 9%
$262,867
$262.9K
Market Conditions
NOI Build-Up for 3,750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.2K $7.78/SF
− Vacancy
−$1.3K −$0.36/SF
EGI
$27.8K $7.42/SF
− OpEx
−$4.2K −$1.11/SF
NOI
$23.7K $6.31/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,160
Cap Rate 7%
$337,971
Cap Rate 9%
$262,867
Alternative Uses
Best Use
Office B
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 11.08%
Second Best
Warehouse
$338.0K
$295.7K – $394.3K
NOI $23,658 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$620.2K
$542.7K – $723.6K
NOI $43,416 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial and office improvements support both operational activity and administrative functions within one secured commercial property.
Where is this flex space located?
The property is located at 1609 Jefferson Island Road New Iberia, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Approximately 3,750 SF of industrial and office space; Warehouse area of +/-2,850 SF with two overhead doors; 16' eave heights and mezzanine storage
