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    8406 Highway 90 W New Iberia, LA 70560

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    COMMERCIAL - New Iberia, LA

    Property size:
    17,500 SF
    Lot size:
    1.23 Acres
    Days on Market:
    77
    Last Refresh:
    Mar 30 at 10:06 am

    Property Features for 8406 Highway 90 W

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    commercial
    APN
    0105426001
    Size
    17,500 SF
    Lot size
    1.23 Acres

    Utilities

    Water source
    Public

    Building Details

    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Barton Broussard

    The Gleason Group

    Listing agent Barton Broussard License #52896

    Listing date Jan 12, 2026

    MLS# 25001098

    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

    Industrial Property with Crane Capabilities

    Located off Highway 90 in New Iberia, this industrial property includes two buildings. The main building, approximately 7500 square feet, features 14.5 ft rail heights, 20 ft eave heights, and a 16 ft beam height. It is equipped with four roll-up overhead doors, including one 12x14 ft door and three 14x14 ft doors. The building also contains a 5-ton bridge crane with a 12.5 ft hook height, two 1/2-ton jib cranes, a 33 ft rail span, and three exhaust fans. Currently, there is an 8 x 30 portable office trailer, a locker room, and four showers. The secondary building, approximately 4900 square feet, has 20 ft eave heights and four 14x16 ft roll-up overhead doors, four 2-ton jib cranes, and an exhaust fan. Additionally, there is approximately 3770 square feet of overhang equipped with a 20-ton crane with an 18 ft rail height. The landlord is open to customizing office buildouts. The property has 3-phase power, 480 volts. Additional land is available. The property is suitable for industrial operations requiring crane capabilities and flexible space. The lot size is 1.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Food Market HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.846944
    Latitude
    29.976986

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    FAQs

    What type of property is this?
    Industrial property - Industrial property in New Iberia with crane and flexible space.
    Where is this industrial property located?
    The property is located at 8406 Highway 90 W New Iberia, LA.
    What are key features of this property?
    This property features: - Main building equipped with a **5-ton bridge crane (12.5 ft hook height)** and two 1/2-ton jib cranes.; - Secondary building features **four 2-ton jib cranes and a 20-ton crane with 18 ft rail height on the overhang.**; - Landlord is open to customizing office buildouts.
    (337) 380-9511
    Request Owner's contact information
    8406 Highway 90 W New Iberia, LA 70560
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    New Iberia, LA 70560
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    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
    8406 Highway 90 W New Iberia, LA 70560
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    We can help!
    Listing Contact
    Barton Broussard
    Real Estate License ID: 52896
    Learn More
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