Mixed-Use Industrial Property with
For Sale
$13,500,000
Pending
3805 Highway 14, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size218,680 SF
Lot Size28.85 Acres
Days on Market47
Property Features for 3805 Highway 14
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
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
Pending
APN
0104095010
Size
218,680 SF
Lot size
28.85 Acres
Additional Details
Property Use
Industrial
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
Tax Annual Amount
124363
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
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Added: Sep 9
Changed: Oct 23
Last Checked: Oct 25 at 1:06AM
MLS# 2600008679
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-building industrial property combines office, shop, warehouse, and covered work areas across 218,680 square feet. The facility includes 37,662 square feet of office space and 181,018 square feet of shop and warehouse space. Twelve overhead cranes, with capacities ranging from 3 to 20 tons, serve several shop buildings. Site improvements include a reinforced concrete yard, parking and drive areas with subsurface drainage, perimeter fencing, and exterior lighting.
The property is located in New Iberia, one-half mile west of the LA Highway 14 and U.S. Highway 90 intersection. It is zoned I-1 Industrial and has three-phase electrical service, municipal water, natural gas, and individual mechanical sewer systems.
The property is located in New Iberia, one-half mile west of the LA Highway 14 and U.S. Highway 90 intersection. It is zoned I-1 Industrial and has three-phase electrical service, municipal water, natural gas, and individual mechanical sewer systems.
Key Highlights
- 218,680 SF of improvements, including 37,662 SF of office and 181,018 SF of shop/warehouse space
- 12 overhead cranes ranging from 3 to 20 tons
- Approximately 23 acres of reinforced concrete yard, parking, and drive areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,136,148
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$22,722,960
Cap Rate 7%
$16,230,686
Cap Rate 9%
$12,623,867
Alternative Uses
Best Use
Mixed Use
$32.33M
$28.29M – $37.72M
NOI $2,263,338 @ 7.0% cap · market cap 16.77%
Second Best
Warehouse
$19.71M
$17.25M – $22.99M
NOI $1,379,609 @ 7.0% cap · market cap 10.22%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, warehouse, shop, and covered work areas are arranged across a multi-structure industrial facility.
Where is this mixed-use 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 improvements, including 37,662 SF of office and 181,018 SF of shop/warehouse space; 12 overhead cranes ranging from 3 to 20 tons; Approximately 23 acres of reinforced concrete yard, parking, and drive areas
