Auto Shop and Workshop
For Sale
$450,000
1312 W Admiral Doyle Drive, New Iberia, LA 70560
COMMERCIAL - New Iberia, LA
Property Size6,310 SF
Lot Size0.91 Acres
Price / SF$71.32
Days on Market505
Property Features for 1312 W Admiral Doyle Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commericial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Exterior features
Door Sign, Fully Fenced
Fencing
Full
Lot features
Level
Directions
: Hwy 90 South toward New Iberia. Hwy 83 is next exit south of Lewis St exit. Turn left under US 90. Hwy 83 becomes Jefferson Terrace. Continue to Admiral Doyle Drive
Subdivision
I2
Standard status
Active
APN
0501810010
Size
6,310 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Description
1- 100 X 396 ITEM 2 INVESTMENT SECURITIES & MTG. CO, RAPIDES IBERIA MANAGEMENT ENTERPRISE, INVESTMENT SECURITIES & MTG CO, ADMIRAL DOYLE DR LOCATED SEC 14, T12S, R6E IMP: (1312 W ADMIRAL DOYLE DR) ITEM 1 IMP (COVERED AREA) ITEM 3 LAND COMM SITE
Legal Description
1- 100 X 396 ITEM 2 INVESTMENT SECURITIES & MTG. CO, RAPIDES IBERIA MANAGEMENT ENTERPRISE, INVESTMENT SECURITIES & MTG CO, ADMIRAL DOYLE DR LOCATED SEC 14, T12S, R6E IMP: (1312 W ADMIRAL DOYLE DR) ITEM 1 IMP (COVERED AREA) ITEM 3 LAND COMM SITE
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Flooring type
Tile - Ceramic, Tile, Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Charles Ilonya · License #0995691480
(337) 344-9875
Added: Mar 26, 2025
Changed: Aug 4
Last Checked: Aug 12 at 3:06PM
MLS# 2020022078
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 for-sale automotive property combines a well-established auto shop business with the building on the same offering. The listing indicates the business includes tools and equipment that are negotiable with the sale, creating flexibility for how the next owner operates and transitions the space.
Located at 1312 W Admiral Doyle Drive in New Iberia, Louisiana (Iberia County), the property sits on a 0.91-acre lot with a 6,310-square-foot building. The site is described as having strong visibility and steady foot traffic in a high-traffic area. Zoning is listed as commercial ("Commericial").
Located at 1312 W Admiral Doyle Drive in New Iberia, Louisiana (Iberia County), the property sits on a 0.91-acre lot with a 6,310-square-foot building. The site is described as having strong visibility and steady foot traffic in a high-traffic area. Zoning is listed as commercial ("Commericial").
Key Highlights
- Fully fenced exterior and door signage
- Metal roof
- Central heating and central air conditioning
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
$32,784
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
7.29%
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%
$655,680
$655.7K
Cap Rate 7%
$468,343
$468.3K
Cap Rate 9%
$364,267
$364.3K
Market Conditions
NOI Build-Up for 6,310 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
$49.1K $7.78/SF
− Vacancy
−$2.3K −$0.36/SF
EGI
$46.8K $7.42/SF
− OpEx
−$14.1K −$2.23/SF
NOI
$32.8K $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%
$655,680
Cap Rate 7%
$468,343
Cap Rate 9%
$364,267
Alternative Uses
Best Use
Retail
$725.4K
$634.7K – $846.3K
NOI $50,778 @ 7.0% cap · market cap 11.28%
Second Best
Industrial
$468.3K
$409.8K – $546.4K
NOI $32,784 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.04M
$913.2K – $1.22M
NOI $73,055 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
90
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cajun Cruisers — 1619 Jefferson Island Rd, New Iberia, LA 70560
- AAA Alignment Car Care/Tow — 1507 Jefferson Island Rd, New Iberia, LA 70560
- B & B Quality Tire & Services — 700 W Admiral Doyle Dr, New Iberia, LA 70560
- K&K Used Tires Service — 1613 S Hopkins St, New Iberia, LA 70560
- Shane's One Stop Shop — 701 W Admiral Doyle Dr, New Iberia, LA 70560
Frequently Asked Questions
What type of property is this?
Auto shop - For sale auto shop business with included building in a high-traffic location; tools and equipment negotiable.
Where is this auto shop located?
The property is located at 1312 W Admiral Doyle Drive New Iberia, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully fenced exterior and door signage; Metal roof; Central heating and central air conditioning
