Industrial Campus With Overhead
For Sale
$13,500,000
3805 Highway 14, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size218,680 SF
Lot Size28.85 Acres
Price / SF$61.73
Days on Market18
Property Features for 3805 Highway 14
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Exterior features
Fully Fenced, OH Door 16 - 20 Ft, Outside Storage
Fencing
Full
Lot features
Level
Directions
From Broussard, LA take Hwy. 90 South take the Hwy. 14 exit, turn right and building will be on the left
Subdivision
I3
Standard status
Active
APN
0104095010
Size
218,680 SF
Lot size
28.85 Acres
Taxes and HOA fees
Tax Description
14.42 AC. HWY 14, OVERTON, DEROUEN, LEWIS BEING DESIGNATED AS LOT 2 OF PARTITION LOCATED IN SEC 21, T12S, R6E 1-BUILDING #13 ITEM 1 1-BUILDING #8 ITEM 3 1-BUILDING #12 ITEM 4 1-BUILDING #9-10 ITEM 5 IMP-OFFICE #BLDG A ITEM 6 IMP - BUILDING #1-2-3-4 ITEM 7
Legal Description
14.42 AC. HWY 14, OVERTON, DEROUEN, LEWIS BEING DESIGNATED AS LOT 2 OF PARTITION LOCATED IN SEC 21, T12S, R6E 1-BUILDING #13 ITEM 1 1-BUILDING #8 ITEM 3 1-BUILDING #12 ITEM 4 1-BUILDING #9-10 ITEM 5 IMP-OFFICE #BLDG A ITEM 6 IMP - BUILDING #1-2-3-4 ITEM 7
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Added: Sep 9
Changed: Sep 17
Last Checked: Sep 26 at 12:06PM
MLS# 2600008679
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 industrial property includes 218,680 SF of improvements across office, warehouse, shop, and covered work areas. The configuration includes approximately 37,662 SF of office space and 181,018 SF of shop and warehouse space. Twelve overhead cranes, with capacities ranging from approximately 3 to 20 tons, serve several shop buildings. The site also features a reinforced concrete yard, parking and drive areas, perimeter fencing, exterior lighting, three-phase electrical service, a metal roof, and full fencing.
The property is located at 3805 Highway 14 in New Iberia, approximately one-half mile west of the intersection of LA Highway 14 and U.S. Highway 90. The site is near the Port of Iberia, Acadian Regional Airport, and major employment centers, with access to U.S. Highway 90. Zoning is I-1 Industrial, and the property is approximately 50 miles from the referenced South Louisiana SpaceX facility.
The property is located at 3805 Highway 14 in New Iberia, approximately one-half mile west of the intersection of LA Highway 14 and U.S. Highway 90. The site is near the Port of Iberia, Acadian Regional Airport, and major employment centers, with access to U.S. Highway 90. Zoning is I-1 Industrial, and the property is approximately 50 miles from the referenced South Louisiana SpaceX facility.
Key Highlights
- 218,680 SF of industrial improvements
- Approximately 37,662 SF of office space and 181,018 SF of shop/warehouse space
- 12 overhead cranes with capacities from approximately 3 to 20 tons
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
$1,136,148
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
8.42%
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%
$22,722,960
$22.7M
Cap Rate 7%
$16,230,686
$16.2M
Cap Rate 9%
$12,623,867
$12.6M
Market Conditions
NOI Build-Up for 218,680 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
$1.70M $7.78/SF
− Vacancy
−$78.3K −$0.36/SF
EGI
$1.62M $7.42/SF
− OpEx
−$486.9K −$2.23/SF
NOI
$1.14M $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%
$22,722,960
Cap Rate 7%
$16,230,686
Cap Rate 9%
$12,623,867
Alternative Uses
Best Use
Warehouse
$19.71M
$17.25M – $22.99M
NOI $1,379,609 @ 7.0% cap · market cap 10.22%
Second Best
Industrial
$16.23M
$14.20M – $18.94M
NOI $1,136,148 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$36.17M
$31.65M – $42.20M
NOI $2,531,790 @ 7.0% cap · market cap 18.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Large industrial facility with office, warehouse, shop, and covered work areas in an I-1 industrial setting.
Where is this industrial property located?
The property is located at 3805 Highway 14 New Iberia, LA.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 218,680 SF of industrial improvements; Approximately 37,662 SF of office space and 181,018 SF of shop/warehouse space; 12 overhead cranes with capacities from approximately 3 to 20 tons
