Fenced Flex Space with
For Sale
$250,000
911 Weeks Island Road, New Iberia, LA 70560
COMMERCIAL - New Iberia, LA
Property Size4,412 SF
Lot Size0.30 Acres
Price / SF$56.66
Days on Market229
Property Features for 911 Weeks Island Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Exterior features
Fully Fenced, OH Door 10 - 15 Ft, OH Door 16 - 20 Ft
Fencing
Full
Subdivision
Elmer
Lot features
Level
Directions
From Hwy 90 Exit onto LA-14E towards Center Street. Drive approximately one mile on Center Street, then turn right onto LA-83 Weeks Island Rd. Building is on the left side after Fortier Boat Works.
Standard status
Active
APN
0202950991
Size
4,412 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
LOT 13, LOT 15, LOT 3, HWY 83 BEING LOT 14, BLK C, ELMER SUB LOCATED IN SEC 37, T12S, R6E IMP (911 WEEKS ISLAND RD) ITEM 2 LAND COMM SITE DEVELOPMENT ITEM 3
Legal Description
LOT 13, LOT 15, LOT 3, HWY 83 BEING LOT 14, BLK C, ELMER SUB LOCATED IN SEC 37, T12S, R6E IMP (911 WEEKS ISLAND RD) ITEM 2 LAND COMM SITE DEVELOPMENT ITEM 3
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
kitchen/break room
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Kristi Huval · License #995683673
(337) 356-1211
Added: Jan 12
Changed: Aug 11
Last Checked: Aug 29 at 5:06AM
MLS# 2500007023
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 4,412-square-foot flex property combines approximately 2,480 square feet of office space with 1,932 square feet of warehouse area. The office component includes three private offices, a kitchen or break room, two open flex areas, and two bathrooms. These areas can accommodate workstations, training, or conference functions. The warehouse includes two roll-up doors, an upstairs storage area, concrete flooring, and central heating and cooling. A 46-by-18-foot exterior canopy adds covered operational space.
The 0.3-acre lot is fully fenced and provides access from Weeks Island Road and the rear property line along Inez Road. The property is near Hwy 90 in New Iberia, with C-1 zoning, a parking lot, public water, and a metal roof.
The 0.3-acre lot is fully fenced and provides access from Weeks Island Road and the rear property line along Inez Road. The property is near Hwy 90 in New Iberia, with C-1 zoning, a parking lot, public water, and a metal roof.
Key Highlights
- 4,412 SF total, including approximately 2,480 SF of office space and 1,932 SF of warehouse space
- Three private offices, kitchen/break room, two flex areas, and two bathrooms
- Warehouse includes two roll‑up doors and upstairs storage
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
$22,922
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
9.17%
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%
$458,440
$458.4K
Cap Rate 7%
$327,457
$327.5K
Cap Rate 9%
$254,689
$254.7K
Market Conditions
NOI Build-Up for 4,412 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
$34.3K $7.78/SF
− Vacancy
−$1.6K −$0.36/SF
EGI
$32.7K $7.42/SF
− OpEx
−$9.8K −$2.23/SF
NOI
$22.9K $5.20/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /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%
$458,440
Cap Rate 7%
$327,457
Cap Rate 9%
$254,689
Alternative Uses
Best Use
Office B
$531.0K
$464.6K – $619.5K
NOI $37,167 @ 7.0% cap · market cap 14.87%
Second Best
Warehouse
$397.6K
$347.9K – $463.9K
NOI $27,834 @ 7.0% cap · market cap 11.13%
Theoretical Best
Office A
$729.7K
$638.5K – $851.3K
NOI $51,080 @ 7.0% cap · market cap 20.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Balanced
Demand for This Use
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?
Flex space - Includes office areas, warehouse space, roll-up doors, and a fenced lot with access from two roads.
Where is this flex space located?
The property is located at 911 Weeks Island Road New Iberia, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 4,412 SF total, including approximately 2,480 SF of office space and 1,932 SF of warehouse space; Three private offices, kitchen/break room, two flex areas, and two bathrooms; Warehouse includes two roll‑up doors and upstairs storage
