Operating Tire
For Sale
$135,000
1613 S Hopkins St, New Iberia, LA 70560
A tire-service business currently operates at the property.
Property Size1,926 SF
Price / SF$70.09
Days on Market16
Property Features for 1613 S Hopkins St
General Information
Standard status
Active
Size
1,926 SF
Listing Agency:
HUNCO Real Estate
Listed By:
Shauna S Stokes · License #995708916
(337) 889-5711
Source:
Athomerealtyla
Added: Sep 28
Last Checked: Oct 7 at 5:03PM
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 HUNCO Real Estate
Investment Insights
Based on property information with market context.
The 1,926-square-foot commercial property is currently operating as a tire shop. It is located at 1613 S Hopkins St in New Iberia, Louisiana.
Key Highlights
- 1,926‑square‑foot commercial property
- Currently operating as a tire shop
- 1613 S Hopkins St, New Iberia, LA 70560
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,007
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,140
$200.1K
Cap Rate 7%
$142,957
$143.0K
Cap Rate 9%
$111,189
$111.2K
Market Conditions
NOI Build-Up for 1,926 SF
Gross rent
$15.0K $7.78/SF
− Vacancy
−$689 −$0.36/SF
EGI
$14.3K $7.42/SF
− OpEx
−$4.3K −$2.23/SF
NOI
$10.0K $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 Rate 5%
$200,140
Cap Rate 7%
$142,957
Cap Rate 9%
$111,189
Alternative Uses
Best Use
Retail
$221.4K
$193.7K – $258.3K
NOI $15,499 @ 7.0% cap · market cap 11.48%
Second Best
Industrial
$143.0K
$125.1K – $166.8K
NOI $10,007 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$318.5K
$278.7K – $371.6K
NOI $22,298 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Mobil
Shops & Services
9,071 visits/mo
0.1 miles
Dollar General
Shops & Services
6,000 visits/mo
0.2 miles
Krispy Krunchy Chicken
Dining
792 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- D&A tire shop — 209 E Admiral Doyle Dr, New Iberia, LA 70560
- Superior Quik Change, LLC — 1407 Center St, New Iberia, LA 70560
- Torque and Power — 1407 A, 1407 Center St, New Iberia, LA 70560
- Richard's Muffler & Car Care — New Iberia, LA 70560
- Superior Quik Change LLC — 1407 Center St, New Iberia, LA 70560
Frequently Asked Questions
What type of property is this?
Auto shop - A tire-service business currently operates at the property.
Where is this auto shop located?
The property is located at 1613 S Hopkins St New Iberia, LA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 1,926‑square‑foot commercial property; Currently operating as a tire shop; 1613 S Hopkins St, New Iberia, LA 70560
