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 Market3633
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) 522-7554
Listed By:
Molli Rodriguez · License #0995687819
(337) 578-0034
Source:
Exprealty
Added: Oct 4, 2016
Changed: Aug 20
Last Checked: Sep 13 at 3:05PM
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
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
$39,512
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
3.29%
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%
$790,240
$790.2K
Cap Rate 7%
$564,457
$564.5K
Cap Rate 9%
$439,022
$439.0K
Market Conditions
NOI Build-Up for 6,263 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
$48.7K $7.78/SF
− Vacancy
−$2.2K −$0.36/SF
EGI
$46.5K $7.42/SF
− OpEx
−$7.0K −$1.11/SF
NOI
$39.5K $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%
$790,240
Cap Rate 7%
$564,457
Cap Rate 9%
$439,022
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
