Truck Terminal with Corner
For Sale
$1,200,000
2202 Highway 90, New Iberia, LA 70560
Corner-positioned truck terminal with modular office buildings and a large stabilized work area.
Property Size6,263 SF
Price / SF$191.60
Days on Market747
Property Features for 2202 Highway 90
General Information
Standard status
Active
Size
6,263 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
EXP Realty, LLC
(337) 578-0034
Listed By:
Molli Rodriguez · License #0995687819
(337) 578-0034
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 10
Last Checked: Jul 30 at 1:23PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This property is currently operated as a truck terminal and includes a large stabilized area suitable for yard operations. The site also features two modular office buildings, providing dedicated on-site office space for dispatch, administrative work, or on-staff use. Unrestricted access is available from the US Highway 90 frontage road.
The property is described as being on the corner of Highway 90, with high visibility from the frontage road access point. This configuration supports convenient vehicle routing to and from the terminal without restricted entry.
For buyers seeking an income-producing or owner-operated logistics site, the combination of a truck terminal yard and on-site modular offices can support a range of transportation and related industrial uses. The unrestricted access from the US Highway 90 frontage road is a practical advantage for day-to-day operations, allowing straightforward movement of commercial vehicles between the roadway access and the stabilized working area.
The property is described as being on the corner of Highway 90, with high visibility from the frontage road access point. This configuration supports convenient vehicle routing to and from the terminal without restricted entry.
For buyers seeking an income-producing or owner-operated logistics site, the combination of a truck terminal yard and on-site modular offices can support a range of transportation and related industrial uses. The unrestricted access from the US Highway 90 frontage road is a practical advantage for day-to-day operations, allowing straightforward movement of commercial vehicles between the roadway access and the stabilized working area.
Key Highlights
- Corner‑positioned truck terminal with Hwy 90 frontage and unrestricted access from the frontage road
- Large stabilized work area for truck terminal operations
- Two modular office buildings on‑site
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.7k | $7.78 |
| − Vacancy | −$2.2k | −$0.36 |
| EGI | $46.5k | $7.42 |
| − OpEx | −$7.0k | −$1.11 |
| NOI | $39.5k | $6.31 |
6,263 SF · lease $7.78/SF/yr · vacancy 4.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$564.5K
$493.9K – $658.5K
NOI $39,512 @ 7.0% cap · market cap 3.29%
Second Best
Industrial
$464.8K
$406.7K – $542.3K
NOI $32,539 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.04M
$906.4K – $1.21M
NOI $72,511 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Corner-positioned truck terminal with modular office buildings and a large stabilized work area.
Where is this truck terminal located?
The property is located at 2202 Highway 90 New Iberia, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Corner‑positioned truck terminal with Hwy 90 frontage and unrestricted access from the frontage road; Large stabilized work area for truck terminal operations; Two modular office buildings on‑site
