Occupied Storefront
For Sale
$799,000
712 S Lewis Street, New Iberia, LA 70560
COMMERCIAL - New Iberia, LA
Property Size5,800 SF
Lot Size0.56 Acres
Price / SF$137.76
Days on Market301
Property Features for 712 S Lewis Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM (C-3)
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Exterior features
Door Sign
Subdivision
Bergerie
Lot features
Level
Directions
Travel on US 90 E towards new Iberia, Exit 115 B toward LA-182/St Martinville. Merge onto E Main St, continue onto LA-182 S. Turn right onto S Lewis St, building will be on the right.
Standard status
Active
APN
0501180133d
Size
5,800 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Description
1- 109 X 217/222 BEING LOTS 5, 6 & PART LOTS 3 & 4, BLK 2, BERGERIE SUB. LOCATED IN SEC 38, T12S, R6E
Legal Description
1- 109 X 217/222 BEING LOTS 5, 6 & PART LOTS 3 & 4, BLK 2, BERGERIE SUB. LOCATED IN SEC 38, T12S, R6E
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Roof type
Metal
Listing Agency:
HUNCO Real Estate
(337) 889-5711
Listed By:
Kevin McKay · License #0995695528
(337) 277-0478
Added: Oct 16, 2025
Changed: Aug 4
Last Checked: Aug 12 at 12:06PM
MLS# 2500004602
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 5,800-square-foot storefront property occupies a 0.56-acre site at 712 S Lewis Street in New Iberia. The building is reported as 100% occupied and includes five bathrooms, tile flooring, a metal roof, central heating, central air, and a door sign. Public water serves the property, and the zoning is COMM (C-3).
Key Highlights
- 5,800‑square‑foot storefront building on 0.56 acres
- Reported 100% occupancy
- COMM (C‑3) zoning
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
$46,674
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
5.84%
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%
$933,480
$933.5K
Cap Rate 7%
$666,771
$666.8K
Cap Rate 9%
$518,600
$518.6K
Market Conditions
NOI Build-Up for 5,800 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
$69.6K $12.00/SF
− Vacancy
−$2.9K −$0.50/SF
EGI
$66.7K $11.50/SF
− OpEx
−$20.0K −$3.45/SF
NOI
$46.7K $8.05/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
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%
$933,480
Cap Rate 7%
$666,771
Cap Rate 9%
$518,600
Alternative Uses
Best Use
Retail
$666.8K
$583.4K – $777.9K
NOI $46,674 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.3K
$839.4K – $1.12M
NOI $67,150 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
125k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
McDonald's
Dining
29,471 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
16,339 visits/mo
0.1 miles
Chevron
Shops & Services
15,495 visits/mo
0.5 miles
SONIC Drive In
Dining
14,938 visits/mo
0.3 miles
Burger King
Dining
11,405 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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- Fabian's For Flowers — 628 Center St, New Iberia, LA 70560
Frequently Asked Questions
What type of property is this?
Storefront property - C-3-zoned retail building with central heating and cooling, tile flooring, and public water service.
Where is this storefront property located?
The property is located at 712 S Lewis Street New Iberia, LA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,800‑square‑foot storefront building on 0.56 acres; Reported 100% occupancy; COMM (C‑3) zoning
