Truck Terminal with Modular
For Sale
$1,200,000
2202 E Hwy 90, New Iberia, LA 70560
COMMERCIAL - New Iberia, LA
Property Size6,263 SF
Lot Size5.00 Acres
Price / SF$191.60
Days on Market3621
Property Features for 2202 E Hwy 90
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Parking Lot
Exterior features
Pole Sign, Stabilized Yard Base, Storage Building
Lot features
Corner, Level
Directions
Hwy 90 past New Iberia. 2202 is located on the Right. (Corner of Hwy 83 and Hwy 90).
Subdivision
I4
Standard status
Active
APN
0200719000
Size
6,263 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
5.00 ACRES U.S. SERVICE RD, LA. HWY 83 & TERRELL. RESWEBER TRACT 1 OF PLAT. SEC 35 T12S, R6R
Legal Description
5.00 ACRES U.S. SERVICE RD, LA. HWY 83 & TERRELL. RESWEBER TRACT 1 OF PLAT. SEC 35 T12S, R6R
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Private
Building Details
Floors in Building
1
Roof type
Metal
Additional Structures
Storage
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Molli Rodriguez · License #0995687819
(337) 578-0034
Added: Oct 4, 2016
Changed: Aug 4
Last Checked: Sep 2 at 8:06AM
MLS# 16009201
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 property operates as a truck terminal and includes two modular office buildings plus a large stabilized area. It is set up for industrial use within I-1 zoning and offers unrestricted access to and from the US Highway 90 frontage road.
Situated on a corner location with high visibility, the site’s direct frontage-road access supports day-to-day terminal operations. The property is located at 2202 E Hwy 90 in New Iberia, Louisiana, within Iberia County.
The offering is comprised of a single site with terminal yard area and dedicated office improvements, providing functional separation between operations and administrative space.
Situated on a corner location with high visibility, the site’s direct frontage-road access supports day-to-day terminal operations. The property is located at 2202 E Hwy 90 in New Iberia, Louisiana, within Iberia County.
The offering is comprised of a single site with terminal yard area and dedicated office improvements, providing functional separation between operations and administrative space.
Key Highlights
- High‑visibility corner location on Hwy 90, with unrestricted access from the US Highway 90 frontage road.
- Currently used as a truck terminal with a large stabilized yard base.
- Includes pole sign, two modular office buildings, and a storage building.
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
$39,512
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
3.29%
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%
$790,240
$790.2K
Cap Rate 7%
$564,457
$564.5K
Cap Rate 9%
$439,022
$439.0K
Market Conditions
NOI Build-Up for 6,263 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
$48.7K $7.78/SF
− Vacancy
−$2.2K −$0.36/SF
EGI
$46.5K $7.42/SF
− OpEx
−$7.0K −$1.11/SF
NOI
$39.5K $6.31/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
15.00%
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%
$790,240
Cap Rate 7%
$564,457
Cap Rate 9%
$439,022
Alternative Uses
Best Use
Warehouse
$564.5K
$493.9K – $658.5K
NOI $39,512 @ 7.0% cap · market cap 3.29%
Second Best
Industrial
$464.8K
$406.7K – $542.3K
NOI $32,539 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.04M
$906.4K – $1.21M
NOI $72,511 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Corner truck terminal on an unrestricted access frontage road with two modular office buildings and a large stabilized yard.
Where is this truck terminal located?
The property is located at 2202 E Hwy 90 New Iberia, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High‑visibility corner location on Hwy 90, with unrestricted access from the US Highway 90 frontage road.; Currently used as a truck terminal with a large stabilized yard base.; Includes pole sign, two modular office buildings, and a storage building.
