Industrial Manufacturing Facility with
For Sale
$11,880,000
3301 W Admiral Doyle Dr, New Iberia, LA 70560
I-1-zoned facility with outdoor storage and specialized equipment supporting manufacturing operations.
Property Size165,135 SF
Lot Size54.27 Acres
Price / SF$71.94
Days on Market690
Property Features for 3301 W Admiral Doyle Dr
General Information
Standard status
Active
Size
165,135 SF
Total Parking Spaces
156
Lot size
54.27 Acres
Property subtype
Industrial
Zoning
I-1
Additional Details
Cap Rate
7.5%
Outdoor Storage
Yes
Amenities
156 Parking Spaces
Building Details
Year Built
1983
Building Size
165,135 SF
Listing Agency:
CBRE
(504) 427-2090
Listed By:
Bryce French · License #0995690959
(504) 427-2090
Source:
Lacdb.resimplifi
Added: Oct 9, 2024
Changed: Aug 28
Last Checked: Aug 28 at 8:05PM
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 CBRE
Investment Insights
Based on property information with market context.
The 165,135-square-foot manufacturing facility occupies 54.27 acres and was constructed in 1983. Improvements include specific-use equipment and outdoor storage areas associated with the current manufacturing operation. The property is zoned I-1 and is located at 3301 W Admiral Doyle Dr in New Iberia, Louisiana.
The facility is leased on an absolute net basis, with approximately 19.1 years remaining on the current term. Lease economics include 2.75% annual increases and two 10-year extension options. The offering also reflects a 7.50% cap rate, as provided in the property information.
The facility is leased on an absolute net basis, with approximately 19.1 years remaining on the current term. Lease economics include 2.75% annual increases and two 10-year extension options. The offering also reflects a 7.50% cap rate, as provided in the property information.
Key Highlights
- 165,135‑square‑foot manufacturing facility on 54.27 acres
- I‑1 zoning supports the property's industrial classification
- Specific‑use equipment and outdoor storage areas included
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
$857,956
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
7.22%
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%
$17,159,120
$17.2M
Cap Rate 7%
$12,256,514
$12.3M
Cap Rate 9%
$9,532,844
$9.5M
Market Conditions
NOI Build-Up for 165,135 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
$1.28M $7.78/SF
− Vacancy
−$59.1K −$0.36/SF
EGI
$1.23M $7.42/SF
− OpEx
−$367.7K −$2.23/SF
NOI
$858.0K $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%
$17,159,120
Cap Rate 7%
$12,256,514
Cap Rate 9%
$9,532,844
Alternative Uses
Best Use
Industrial
$12.26M
$10.72M – $14.30M
NOI $857,956 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.31M
$23.90M – $31.86M
NOI $1,911,867 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
51
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?
Manufacturing property - I-1-zoned facility with outdoor storage and specialized equipment supporting manufacturing operations.
Where is this manufacturing property located?
The property is located at 3301 W Admiral Doyle Dr New Iberia, LA.
What is the asking price?
The asking price for this property is $11,880,000.
What are key features of this property?
This property features: 165,135‑square‑foot manufacturing facility on 54.27 acres; I‑1 zoning supports the property's industrial classification; Specific‑use equipment and outdoor storage areas included
