Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    W Main St, Unit P2 New Iberia, LA 70560

    View on Map
    Sponsored
    For Sale
    $30,000

    LAND - New Iberia, LA

    Lot size:
    0.50 Acres
    Days on Market:
    154
    Last Refresh:
    Mar 5 at 12:06 pm

    Property Features for W Main St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R5
    APN
    0505512500
    Fencing
    Chain Link
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Shawn Reaux
    Shawn Reaux

    NextHome Cutting Edge Realty (337) 484-1184

    Listing agent Shawn Reaux License #0995702315

    Listing date Oct 3, 2025

    MLS# 2020024404

    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

    Overview

    Corner Lot in New Iberia

    This vacant lot is located on the corner of W Main and North St in New Iberia, LA. The property is just over 0.5 acres and features mature trees. Zoned R5, it is suitable for building a home or as an investment property.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.829503
    Latitude
    30.018063

    Nearby Similar for Sale

    • $850,000
      16,608 SF

      Office/Warehouse Near Acadiana Airport

      Office and warehouse space in a growing commercial area.
      4017 2Nd St, New Iberia, LA 70560
      View Details
    • $415,000
      4,018 SF

      Remodeled Commercial Property in New Iberia

      Income-generating, remodeled commercial property in a historical downtown building.
      145 W Main St, New Iberia, LA 70560
      View Details
    • New
      $269,000
      7,751 SF

      New Iberia Office Building

      Large office building with ample parking in New Iberia.
      119 Hansel St, New Iberia, LA 70560
      View Details
    • New
      $450,000
      Pending

      Industrial Building with Crane Systems

      Well-maintained 9,992 SF industrial building on 2.6 acres.
      6317 Ozenne Rd, New Iberia, LA 70560
      View Details
    • $180,000
      3,118 SF

      Commercial Property with Shop and Residence

      Commercial property featuring a shop, awning, and residential/office space.
      1613 Hopkins St, New Iberia, LA 70560
      View Details
    • $180,000
      4,500 SF

      Retail and Warehouse Combination

      Retail/warehouse property near Hwy 90 and Downtown New Iberia.
      1614 Hopkins St, New Iberia, LA 70560
      View Details
    • $180,000
      2,400 SF

      Versatile Commercial Building, New Iberia

      Spacious commercial building on corner lot, ideal for various businesses.
      1011 20 Arpent Rd, New Iberia, LA 70563
      View Details
    • $195,000
      1,200 SF

      Former Doctor's Office For Sale

      ADA-compliant, 1,200 SF office in a quiet, rural setting.
      1302 Ed Broussard Rd, New Iberia, LA 70563
      View Details
    • $480,000
      6,310 SF

      Established Business in High-Traffic Location

      Thriving business with excellent visibility and loyal customer base.
      1312 W Admiral Doyle Dr, New Iberia, LA 70560
      View Details
    • New
      $125,000
      3,132 SF

      New Iberia Warehouse For Sale

      Warehouse with character, parking, and potential uses in New Iberia.
      505 Jane St, New Iberia, LA 70563
      View Details
    • $229,000
      3,880 SF

      Commercial Building in High Traffic Area

      Commercial building with excellent visibility on 0.77 acres.
      721 S Lewis St, New Iberia, LA 70560
      View Details
    • New
      $120,000
      Pending

      New Iberia Commercial Flex Space

      Flex space available for sale in New Iberia, Louisiana.
      2918 Fairchild Dr, New Iberia, LA 70560
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot, over half acre, suitable for home or investment.
    Where is this residential land & home lot located?
    The property is located at W Main St, Unit P2 New Iberia, LA.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Zoned R5, allowing for diverse development options (residential or investment).; - Large .5+ acre corner lot.; - Suitable for building a home.
    (337) 446-1100
    Request Owner's contact information
    W Main St, Unit P2 New Iberia, LA 70560
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    W Main St, Unit P2
    New Iberia, LA 70560
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    W Main St, Unit P2 New Iberia, LA 70560
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shawn Reaux
    Shawn Reaux
    Real Estate License ID: SALE.995702315-ACT,PersonLicenseNumber
    (337) 446-1100 (337) 484-1184
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!