Industrial Warehouse with Ample
For Sale
$250,000
7904 Highway 90 W, New Iberia, LA 70560
3,000 SF warehouse on 1.62 acres near Highway 90.
Property Size3,000 SF
Lot Size1.62 Acres
Price / SF$83.33
Days on Market795
Property Features for 7904 Highway 90 W
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.62 Acres
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Lori Lege' · License #0995693945
(337) 962-7070
Source:
Exprealty
Added: Aug 13, 2024
Changed: Oct 14
Last Checked: Oct 16 at 11:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Acadiana
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Investment Insights
Based on property information with market context.
Located off Highway 90 West towards New Iberia, LA, this industrial property features a 3,000 square foot warehouse. The warehouse includes a washing station, three roll-up doors, and a small office. The property includes approximately 1.62 acres of land and ample parking, making it suitable for a variety of business requirements.
Key Highlights
- Prime industrial location directly off HWY 90 West.
- 3,000 sq ft warehouse with washing station.
- Includes approximately 1.62 acres of land.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,926
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,520
$378.5K
Cap Rate 7%
$270,371
$270.4K
Cap Rate 9%
$210,289
$210.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$23.3K $7.78/SF
− Vacancy
−$1.1K −$0.36/SF
EGI
$22.3K $7.42/SF
− OpEx
−$3.3K −$1.11/SF
NOI
$18.9K $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 Rate 5%
$378,520
Cap Rate 7%
$270,371
Cap Rate 9%
$210,289
Alternative Uses
Best Use
Warehouse
$270.4K
$236.6K – $315.4K
NOI $18,926 @ 7.0% cap · market cap 7.57%
Second Best
Industrial
$222.7K
$194.8K – $259.8K
NOI $15,586 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - 3,000 SF warehouse on 1.62 acres near Highway 90.
Where is this warehouse located?
The property is located at 7904 Highway 90 W 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: Prime industrial location directly off HWY 90 West.; 3,000 sq ft warehouse with washing station.; Includes approximately 1.62 acres of land.
