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

    320 Center St New Iberia, LA 70560

    View on Map
    Sponsored
    For Sale
    $140,000

    COMMERCIAL - New Iberia, LA

    Property size:
    2,400 SF
    Lot size:
    0.34 Acres
    Days on Market:
    158
    Last Refresh:
    Mar 16 at 12:06 pm

    Property Features for 320 Center St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    0502955500
    Parking features
    On Street
    Exterior features
    Partially Fenced
    Fencing
    Partial
    Size
    2,400 SF
    Lot size
    0.34 Acres

    Utilities

    Heating system
    Space Heater, Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Katie I LaBauve

    Caffery Real Estate, Inc. (337) 519-8827

    Listing agent Katie I LaBauve License #29166

    Listing date Oct 10, 2025

    MLS# 2020022471

    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

    Historic New Iberia Commercial Property

    This historic property, formerly Labauve's Bicycle Shop, offers a unique opportunity in New Iberia. The building includes 600 square feet of retail space with an adjoining stockroom. A spacious 1,800-square-foot warehouse is suitable for a workshop, storage, or light industrial use. The adjacent lot to the right of the building is also included, providing ample room for parking, expansion, or outdoor workspace. The property is zoned C-1. The total property size is 2,400 square feet, situated on a 0.34-acre lot. The location has a history as a local landmark, with continued community demand for bicycle repairs and parts, suggesting potential for reopening a repair shop or launching another service-oriented business. This property is located on Center Street in New Iberia, LA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Old Bicycle Store Home Decor Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.818583
    Latitude
    30.001562

    Nearby Similar for Sale

    • $415,000
      4,018 SF

      Remodeled Commercial Property in New Iberia

      Income-generating, remodeled commercial property in a historical downtown building.
      145 W Main St, New Iberia, LA 70560
      View Details
    • $300,000
      4,500 SF

      Retail and Warehouse Opportunity

      Retail and warehouse property with high traffic location near Hwy 90.
      1614 S Hopkins St, New Iberia, LA 70560
      View Details
    • $850,000
      16,608 SF

      Office/Warehouse Near Acadiana Airport

      Office and warehouse space in a growing commercial area.
      4017 2Nd St, New Iberia, LA 70560
      View Details
    • $399,000
      Pending

      Income-Producing Commercial Building, New Iberia

      Tenant-occupied commercial building in historic downtown New Iberia.
      134 E Main St, New Iberia, LA 70560
      View Details
    • $560,000
      6,200 SF

      New Iberia Commercial Building

      6200 Sq. Ft. commercial building in New Iberia, LA.
      521 N Lewis St, New Iberia, LA 70563
      View Details
    • $199,000
      3,000 SF

      Versatile Commercial Building in New Iberia

      3,000 SqFt commercial building suitable for office or retail.
      822 Weldon St, New Iberia, LA 70560
      View Details
    • $592,000
      4,870 SF

      Adaptable Office Building in New Iberia

      Functional office building with expansion potential in a prime location.
      725 Weldon St, New Iberia, LA 70560
      View Details
    • $315,000
      7,647 SF

      Versatile Commercial Property in New Iberia

      Office and warehouse space suitable for medical or industrial use.
      1110 E Main St, New Iberia, LA 70560
      View Details
    • $180,000
      3,118 SF

      Commercial Property with Shop and Residence

      Commercial property featuring a shop, awning, and residential/office space.
      1613 Hopkins St, New Iberia, LA 70560
      View Details
    • $325,000
      8,000 SF

      New Iberia Commercial Building

      8,000 SF commercial building suitable for medical or professional office.
      441 Charles St, New Iberia, LA 70563
      View Details
    • $125,000
      3,975 SF

      Versatile Commercial Property in New Iberia

      Adaptable commercial space suitable for restaurant, retail, or event venue.
      203 Daspit Rd, New Iberia, LA 70563
      View Details
    • $195,000
      1,200 SF

      Former Doctor's Office For Sale

      ADA-compliant, 1,200 SF office in a quiet, rural setting.
      1302 Ed Broussard Rd, New Iberia, LA 70563
      View Details

    FAQs

    What type of property is this?
    Retail space - Landmark property with retail space and warehouse, plus adjacent lot.
    Where is this retail space located?
    The property is located at 320 Center St New Iberia, LA.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Historic property with established recognition as the former Labauve's Bicycle Shop.; - **600 sq. ft. retail space plus 1,800 sq. ft. warehouse suitable for various uses.**; - Includes adjacent lot for parking, expansion, or outdoor workspace.
    (337) 519-8827
    Request Owner's contact information
    320 Center St New Iberia, LA 70560
    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.
    320 Center St
    New Iberia, LA 70560
    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
    320 Center St New Iberia, LA 70560
    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

    We can help!
    Listing Contact
    Katie I LaBauve
    Real Estate License ID: 29166
    (337) 519-8827 (337) 367-7708 (337) 519-5290
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!