Renovated Office Building For
For Sale
$695,000
222 E Main St, New Iberia, LA 70560
Stabilized office investment with high occupancy and strong cap rate.
Property Size6,840 SF
Price / SF$101.61
Days on Market257
Property Features for 222 E Main St
General Information
Standard status
Active
Size
6,840 SF
Total Parking Spaces
20
Property subtype
Office
Zoning
C-2
Amenities
Power
Water
Sewer
20 Parking Spaces
Listing Agency:
NAI Rampart Commercial Real Estate Lafayette
Listed By:
Maurice Hannie
(337) 233-9541
Source:
Lacdb.resimplifi
Added: Jan 23
Changed: Oct 5
Last Checked: Oct 5 at 3:19PM
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 NAI Rampart Commercial Real Estate Lafayette
Investment Insights
Based on property information with market context.
This stabilized office investment offers strong in-place rental rates and a 96% occupancy rate, with an attractive 10.86% cap rate. The property features a diversified tenant mix and consistent leasing performance. Completely renovated in 2019 and updated in 2026, the building contains 23 offices, 21 of which are currently leased. The gross potential rent is $109,176, with annual expenses of $26,400. Private off-street parking is available on the corner of Weeks and Main Street. The property is well-positioned within its market, presenting a compelling opportunity for yield-focused buyers seeking stable income with long-term hold potential. The property size is 6,840 square feet and is located at 222 E Main St, New Iberia, LA 70560.
Key Highlights
- High 10.86% cap rate
- Boasting a 96% occupancy rate
- Strong in‑place rental rates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,620
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,400
$1.2M
Cap Rate 7%
$823,143
$823.1K
Cap Rate 9%
$640,222
$640.2K
Market Conditions
NOI Build-Up for 6,840 SF
Gross rent
$98.5K $14.40/SF
− Vacancy
−$21.7K −$3.17/SF
EGI
$76.8K $11.23/SF
− OpEx
−$19.2K −$2.81/SF
NOI
$57.6K $8.42/SF
Area
Iberia County, LA
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,400
Cap Rate 7%
$823,143
Cap Rate 9%
$640,222
Alternative Uses
Best Use
Office B
$823.1K
$720.3K – $960.3K
NOI $57,620 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$989.9K – $1.32M
NOI $79,191 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
916
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Stabilized office investment with high occupancy and strong cap rate.
Where is this office building located?
The property is located at 222 E Main St New Iberia, LA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: High 10.86% cap rate; Boasting a 96% occupancy rate; Strong in‑place rental rates
