Auto Shop with
New
For Sale
$135,000
1613 S Hopkins Street, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size1,926 SF
Lot Size0.14 Acres
Price / SF$70.09
Days on Market2
Property Features for 1613 S Hopkins Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Off Street, Parking Lot
Exterior features
Partially Fenced, OH Door < 10 Ft, Outside Storage, Storage Building
Fencing
Partial
Directions
From Hwy 90, Exit 126 at Jefferson Island Road. Left onto LA-675/Jefferson Island Road. Continue straight 2.6 miles to Hopkins St. Cross over Admiral Doyle, past King's Seafood, Tire Shop will be on the right side.
Subdivision
I2
Standard status
Active
APN
0502935000
Size
1,926 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
1- 50 X 125 ITEM 2 HOPKINS ST, BREAUX, GACHASSIN, DARBY IMP (1613 HOPKINS ST) ITEM 1 LAND COMM SITE DEVELOPMENT ITEM 3 ACQ: APRIL KONGPHONGMANY - 2018 (1648-434)
Legal Description
1- 50 X 125 ITEM 2 HOPKINS ST, BREAUX, GACHASSIN, DARBY IMP (1613 HOPKINS ST) ITEM 1 LAND COMM SITE DEVELOPMENT ITEM 3 ACQ: APRIL KONGPHONGMANY - 2018 (1648-434)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Roof type
Metal
Additional Structures
Storage
Listing Agency:
HUNCO Real Estate
(337) 889-5711
Listed By:
Shauna S Stokes · License #995708916
(337) 517-1157
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 11:06PM
MLS# 2600008838
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 1,926-square-foot commercial auto shop is currently operating as a tire shop and includes two bathrooms, central heating, and central air conditioning. The property has a metal roof, a partially fenced layout, an overhead door under 10 feet, outside storage, and a separate storage building. Off-street parking and a parking lot support the existing commercial configuration.
Located at 1613 S Hopkins Street in New Iberia, Louisiana, the property has public water service and Commercial zoning. Its current improvements are suited to continued automotive use, subject to applicable requirements and approvals.
Located at 1613 S Hopkins Street in New Iberia, Louisiana, the property has public water service and Commercial zoning. Its current improvements are suited to continued automotive use, subject to applicable requirements and approvals.
Key Highlights
- 1,926‑square‑foot commercial auto shop
- Currently operating as a tire shop
- Overhead door under 10 feet
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
$10,007
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
7.41%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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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 - Commercial auto shop with an existing automotive setup, storage improvements, and off-street parking.
Where is this auto shop located?
The property is located at 1613 S Hopkins Street 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 auto shop; Currently operating as a tire shop; Overhead door under 10 feet
