Retail Storefront with
For Sale
$418,000
1020 E Dale Street, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size3,100 SF
Lot Size0.75 Acres
Price / SF$134.84
Days on Market96
Property Features for 1020 E Dale Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
-
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot, Off Street
Exterior features
Pole Sign
Lot features
Level
Directions
Take Hwy 90 towards New Iberia then exit 115 B toward LA-182/St Martinville. Continue onto LA-182 S/Old Spanish Trail and then turn right onto S Lewis St. Turn left onto E Dale St and your destination will be on the right.
Subdivision
I2
Standard status
Active
APN
0504958500a
Size
3,100 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
0.751 AC... ITEM #1 DALE ST, LOT 8, WELDON ST, NI JAYCEES BEING PART OF BLK 9 OF PLAT ACQ: SUTTONS STEEL & SUPPLY, INC, ETAL - 2003 (1263-713) IMP (ARMENTOR'S JEWELERS - 1020 E DALE ST) ITEM #2 LAND COMM SITE DEVELOPMENT ITEM #3
Legal Description
0.751 AC... ITEM #1 DALE ST, LOT 8, WELDON ST, NI JAYCEES BEING PART OF BLK 9 OF PLAT ACQ: SUTTONS STEEL & SUPPLY, INC, ETAL - 2003 (1263-713) IMP (ARMENTOR'S JEWELERS - 1020 E DALE ST) ITEM #2 LAND COMM SITE DEVELOPMENT ITEM #3
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete, Tile
Roof type
Composition
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Tanna Crifasi · License #0995701894
(337) 322-4814
Added: Jun 15
Changed: Sep 12
Last Checked: Sep 18 at 7:06PM
MLS# 2600005355
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 3,100-square-foot storefront property occupies a 0.75-acre site and combines a broad customer-facing area with private offices, work areas, storage, a breakroom, and two restrooms. Concrete and tile flooring, central heating, central air, public water, a composition roof, and a pole sign are among the existing improvements. The interior arrangement separates public areas from operational functions, supporting retail or professional office use.
The property is located in New Iberia near Lewis Street, Admiral Doyle Drive, and Hwy 90. Nearby commercial and institutional destinations include Regions Bank, First Horizon Bank, Iberia Medical Center, Walmart Supercenter, Ross Dress for Less, and Ollie's Bargain Outlet. On-site parking is provided through a parking lot and off-street spaces.
The property is located in New Iberia near Lewis Street, Admiral Doyle Drive, and Hwy 90. Nearby commercial and institutional destinations include Regions Bank, First Horizon Bank, Iberia Medical Center, Walmart Supercenter, Ross Dress for Less, and Ollie's Bargain Outlet. On-site parking is provided through a parking lot and off-street spaces.
Key Highlights
- 3,100 square feet of retail and professional office space
- 0.75‑acre commercial site
- Expansive sales area with private offices and workspace areas
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
$26,114
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
6.25%
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%
$522,280
$522.3K
Cap Rate 7%
$373,057
$373.1K
Cap Rate 9%
$290,156
$290.2K
Market Conditions
NOI Build-Up for 3,100 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
$44.6K $14.40/SF
− Vacancy
−$9.8K −$3.17/SF
EGI
$34.8K $11.23/SF
− OpEx
−$8.7K −$2.81/SF
NOI
$26.1K $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%
$522,280
Cap Rate 7%
$373,057
Cap Rate 9%
$290,156
Alternative Uses
Best Use
Office B
$373.1K
$326.4K – $435.2K
NOI $26,114 @ 7.0% cap · market cap 6.25%
Second Best
Retail
$356.4K
$311.8K – $415.8K
NOI $24,946 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$512.7K
$448.6K – $598.2K
NOI $35,891 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout with customer-facing space, private offices, storage, and two restrooms.
Where is this storefront property located?
The property is located at 1020 E Dale Street New Iberia, LA.
What is the asking price?
The asking price for this property is $418,000.
What are key features of this property?
This property features: 3,100 square feet of retail and professional office space; 0.75‑acre commercial site; Expansive sales area with private offices and workspace areas
