Well-Maintained Office
For Sale
$159,000
715 Center Street, New Iberia, LA 70560
COMMERCIAL - New Iberia, LA
Property Size1,520 SF
Lot Size0.30 Acres
Price / SF$104.61
Days on Market214
Property Features for 715 Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
Stabilized Yard Base
Directions
Hwy 90 to Exit 128A, take Exit 128A toward New Iberia/Center Street. Turn left onto LA-14 E. Keep left to continue on LA-14 E/Abbeville Hwy 14/Center St. Continue to follow LA-14 E/Center St. Building will be on the right.
Subdivision
I2
Standard status
Active
APN
0504937000
Size
1,520 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
1-82/32 X 180 CENTER ST., LOT 7, DELCAMBRE, DELCAMBRE. IMP (715 CENTER STREET) ITEM 1 ACQ: UNITED COMPANIES FINANCIAL CORP.-1992 (1044-552) LAND COMM SITE DEVELOPMENT ITEM 3
Legal Description
1-82/32 X 180 CENTER ST., LOT 7, DELCAMBRE, DELCAMBRE. IMP (715 CENTER STREET) ITEM 1 ACQ: UNITED COMPANIES FINANCIAL CORP.-1992 (1044-552) LAND COMM SITE DEVELOPMENT ITEM 3
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Tanna Crifasi · License #0995701894
(337) 322-4814
Added: Jan 22
Changed: Aug 4
Last Checked: Aug 24 at 3:06PM
MLS# 2600000217
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 well-maintained office building offers a functional layout intended to support professional services, legal, and administrative operations. The property is configured for general office use and is presented in a maintained condition for an efficient move-in and ongoing day-to-day workflow.
Located at 715 Center Street in New Iberia, LA 70560, the building is positioned near local businesses, government offices, and other amenities. The listing also notes convenient access and visibility for clients and employees traveling to and from the property.
For tenants and buyers seeking a centrally located office property in the Commercial zoning category, this building provides a straightforward option for professional service teams that need an adaptable office setup. Its maintained condition and office-ready configuration make it suitable for continued administrative use, professional practices, or other office-based business functions.
Located at 715 Center Street in New Iberia, LA 70560, the building is positioned near local businesses, government offices, and other amenities. The listing also notes convenient access and visibility for clients and employees traveling to and from the property.
For tenants and buyers seeking a centrally located office property in the Commercial zoning category, this building provides a straightforward option for professional service teams that need an adaptable office setup. Its maintained condition and office-ready configuration make it suitable for continued administrative use, professional practices, or other office-based business functions.
Key Highlights
- Well‑maintained office building with metal roof
- Central heating and central air conditioning
- Public water and private sewer service
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
$12,804
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
8.05%
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%
$256,080
$256.1K
Cap Rate 7%
$182,914
$182.9K
Cap Rate 9%
$142,267
$142.3K
Market Conditions
NOI Build-Up for 1,520 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
$21.9K $14.40/SF
− Vacancy
−$4.8K −$3.17/SF
EGI
$17.1K $11.23/SF
− OpEx
−$4.3K −$2.81/SF
NOI
$12.8K $8.42/SF
Area
Iberia County, LA
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$256,080
Cap Rate 7%
$182,914
Cap Rate 9%
$142,267
Alternative Uses
Best Use
Office B
$182.9K
$160.1K – $213.4K
NOI $12,804 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.4K
$220.0K – $293.3K
NOI $17,598 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with convenient access and a functional layout suited to professional services and administrative uses.
Where is this office building located?
The property is located at 715 Center Street New Iberia, LA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Well‑maintained office building with metal roof; Central heating and central air conditioning; Public water and private sewer service
