Move-in Ready Office
605 S Lewis Street New Iberia, LA 70560
605 S Lewis Street, New Iberia, LA, 70560
$199,000
For Sale
$199,000
COMMERCIAL - New Iberia, LA
Property Size1,500 SF
Lot Size0.35 Acres
Price / SF$132.67
Days on Market92
Property Features for 605 S Lewis Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- c3
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 14
- Parking features
- Parking Lot
- Security features
- Security System
- Exterior features
- Door Sign
- Standard status
- Active
- APN
- 05 04402000a
- Size
- 1,500 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Description
- BEING TRACT 1 OF PLAT IMP (COMMERCIAL BLDG - 605 S LEWIS ST) ITEM 2 LAND COMM SITE DEVELOPMENT
Utilities
- Sewer type
- Private Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Tile, Carpet - Full
- Roof type
- Metal
Listing Agency
Compass
(337) 365-9700
209 W Main Street, LA
Listed by
Rebecca B Ruskoski · License #99563997
(337) 380-3680
Added: Apr 17 Checked: Jul 17 at 6:06 pm
MLS# 2600003290
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 move-in ready professional office building features a well-designed and functional layout. The 1,500 square foot space includes 4 private offices, a welcoming lobby with reception area, a large storage closet, kitchenette, and restroom. Recent updates throughout, including HVAC and electrical panel, make this property turnkey and ready for immediate occupancy. Situated in a convenient location in New Iberia, Louisiana, with excellent visibility, the property includes 14 parking spaces with additional room to expand if needed. The lot size is 0.35 acres. It is zoned C3. Perfect for a variety of business uses.
Key Highlights
- Move‑in ready, turnkey professional office building.
- Recent updates to HVAC and electrical panel.
- Convenient location with excellent visibility.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $14.40 |
| − Vacancy | −$4.8k | −$3.17 |
| EGI | $16.8k | $11.23 |
| − OpEx | −$4.2k | −$2.81 |
| NOI | $12.6k | $8.42 |
1,500 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$180.5K
$158.0K – $210.6K
NOI $12,636 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.1K
$217.1K – $289.4K
NOI $17,366 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vitality Addiction Solutions
Physician
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FAQs
What type of property is this?
Office building - Professional office building with recent updates and excellent visibility.
Where is this office building located?
The property is located at 605 S Lewis Street New Iberia, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Move‑in ready, turnkey professional office building.; Recent updates to HVAC and electrical panel.; Convenient location with excellent visibility.
