Industrial Facility with Overhead
For Sale
$13,500,000
3805 Highway 14, New Iberia, LA 70560
I-1 zoning, three-phase power and a reinforced concrete yard support a range of industrial operations.
Property Size218,680 SF
Lot Size28.84 Acres
Price / SF$61.73
Days on Market12
Property Features for 3805 Highway 14
General Information
Standard status
Active
Size
218,680 SF
Lot size
28.84 Acres
Zoning
I-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
181,018 SF
Office Build-Out
37,662 SF
Three-Phase Power
Yes
Listing Agency:
Compass
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Source:
Exprealty
Added: Sep 15
Changed: Sep 24
Last Checked: Sep 24 at 1:59PM
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 Compass
Investment Insights
Based on property information with market context.
This industrial campus in New Iberia spans approximately 28.84 acres and includes 218,680 SF of improvements across multiple buildings. Office space accounts for approximately 37,662 SF, with another 181,018 SF dedicated to shop and warehouse areas. Twelve overhead cranes, with capacities ranging from 3 to 20 tons, serve several of the shop buildings. The site also includes approximately 23 acres of reinforced concrete yard, parking and drive areas, along with subsurface drainage, perimeter fencing and exterior lighting. Utilities include three-phase electrical service, municipal water, natural gas and individual mechanical sewer. The property is zoned I-1 Industrial.
The site is approximately one-half mile west of the intersection of LA Highway 14 and U.S. Highway 90. The Port of Iberia, Acadian Regional Airport and major employment centers are identified as nearby destinations; the property is also approximately 50 miles from the South Louisiana SpaceX facility.
The site is approximately one-half mile west of the intersection of LA Highway 14 and U.S. Highway 90. The Port of Iberia, Acadian Regional Airport and major employment centers are identified as nearby destinations; the property is also approximately 50 miles from the South Louisiana SpaceX facility.
Key Highlights
- Approximately 28.84 acres with 218,680 SF of improvements
- Approximately 37,662 SF of office space and 181,018 SF of shop and warehouse space
- 12 overhead cranes with capacities ranging from 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
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.
Property Analytics
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Open Analytics
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
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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?
Industrial property - I-1 zoning, three-phase power and a reinforced concrete yard support a range of industrial operations.
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: Approximately 28.84 acres with 218,680 SF of improvements; Approximately 37,662 SF of office space and 181,018 SF of shop and warehouse space; 12 overhead cranes with capacities ranging from 3 to 20 tons
