Industrial Warehouse with
For Sale
$285,000
Pending
1609 Jefferson Island Rd, New Iberia, LA 70560
Industrial warehouse with two overhead doors, mezzanine storage, fenced yard, and a dedicated office with two restrooms.
Property Size3,750 SF
Lot Size0.56 Acres
Days on Market372
Property Features for 1609 Jefferson Island Rd
General Information
Standard status
Pending
Size
3,750 SF
Lot size
0.56 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Listing Agency:
The Gleason Group
(337) 380-9511
Listed By:
Barton Broussard · License #995708787
(337) 380-9511
Source:
Exprealty
Added: Aug 26, 2025
Changed: Aug 25
Last Checked: Aug 31 at 6:34PM
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 The Gleason Group
Investment Insights
Based on property information with market context.
This industrial property includes approximately 3,750 SF of industrial space on 0.56 acres, anchored by a warehouse with about ±2,850 SF. The warehouse is equipped with two overhead doors, mezzanine storage, and 16' eave heights. The site also features a fully fenced yard.
A ±900 SF office portion provides two private offices, a reception area, and two restrooms, supporting day-to-day administrative and operational functions.
The property’s combination of warehouse improvements and on-site office space is designed for businesses that need both production or storage area and dedicated customer or staff-facing space.
A ±900 SF office portion provides two private offices, a reception area, and two restrooms, supporting day-to-day administrative and operational functions.
The property’s combination of warehouse improvements and on-site office space is designed for businesses that need both production or storage area and dedicated customer or staff-facing space.
Key Highlights
- Industrial property with 3,750 SF on 0.56 acres, including a warehouse and office space
- Warehouse includes ±2,850 SF with two overhead doors and 16' eave heights
- Mezzanine storage provides additional warehouse storage space
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
$23,658
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
8.30%
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%
$473,160
$473.2K
Cap Rate 7%
$337,971
$338.0K
Cap Rate 9%
$262,867
$262.9K
Market Conditions
NOI Build-Up for 3,750 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
$29.2K $7.78/SF
− Vacancy
−$1.3K −$0.36/SF
EGI
$27.8K $7.42/SF
− OpEx
−$4.2K −$1.11/SF
NOI
$23.7K $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%
$473,160
Cap Rate 7%
$337,971
Cap Rate 9%
$262,867
Alternative Uses
Best Use
Office B
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 11.08%
Second Best
Warehouse
$338.0K
$295.7K – $394.3K
NOI $23,658 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$620.2K
$542.7K – $723.6K
NOI $43,416 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Balanced
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 Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Fremin's Mini-storage — 399 W Admiral Doyle Dr, New Iberia, LA 70560
- Babineaux Plumbing Inc — 1509 Jefferson Island Rd, New Iberia, LA 70560
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with two overhead doors, mezzanine storage, fenced yard, and a dedicated office with two restrooms.
Where is this warehouse located?
The property is located at 1609 Jefferson Island Rd New Iberia, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Industrial property with 3,750 SF on 0.56 acres, including a warehouse and office space; Warehouse includes ±2,850 SF with two overhead doors and 16' eave heights; Mezzanine storage provides additional warehouse storage space
