Medical Office with Exam
New
For Sale
$400,000
408 Jefferson Terrace Boulevard, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size2,511 SF
Lot Size0.34 Acres
Price / SF$159.30
Days on Market3
Property Features for 408 Jefferson Terrace Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking
12
Parking features
Parking Lot
Security features
Security System
Exterior features
Door Sign
Lot features
Level
Directions
From St Peter St, turn onto Jefferson Terrace Blvd. After the railroad tracks, it will be the third building on the right.
Subdivision
I2
Standard status
Active
APN
0502693000
Size
2,511 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
J T INVESTMENTS, JEFFERSON TERRACE ST, WEEKS, J T INVESTMENTS
Legal Description
J T INVESTMENTS, JEFFERSON TERRACE ST, WEEKS, J T INVESTMENTS
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile, Carpet - Full
Roof type
Composition
Listing Agency:
McGeeScott Realty
(337) 735-4040
Listed By:
Andree Schlicher · License #0995687644
(337) 577-1414
Added: Sep 7
Last Checked: Sep 9 at 2:06AM
MLS# 2600008414
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.
Located at 408 Jefferson Terrace Boulevard in New Iberia, this 2,511-square-foot medical office is configured for an established clinical operation. The interior includes three exam rooms, a waiting area with an adjoining children’s playroom, reception and patient-file space, a primary office, two additional offices, a sterilization room, lab, three bathrooms, break room, and separate staff entrance. Furniture, equipment, and inventory are included, supporting continued use as a dental practice or adaptation for other medical and professional office functions.
The property occupies 0.34 acres and is zoned C-3. Site features include a parking lot and door signage, with public water service. Interior finishes include tile and full carpet, while central heating and central air provide building climate control. The roof is composition shingle.
The property occupies 0.34 acres and is zoned C-3. Site features include a parking lot and door signage, with public water service. Interior finishes include tile and full carpet, while central heating and central air provide building climate control. The roof is composition shingle.
Key Highlights
- 2,511‑square‑foot medical office on 0.34 acres
- Three exam rooms plus sterilization room and lab
- Waiting room with adjoining children’s playroom
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
$21,153
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
5.29%
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%
$423,060
$423.1K
Cap Rate 7%
$302,186
$302.2K
Cap Rate 9%
$235,033
$235.0K
Market Conditions
NOI Build-Up for 2,511 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
$36.2K $14.40/SF
− Vacancy
−$8.0K −$3.17/SF
EGI
$28.2K $11.23/SF
− OpEx
−$7.1K −$2.81/SF
NOI
$21.2K $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 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%
$423,060
Cap Rate 7%
$302,186
Cap Rate 9%
$235,033
Alternative Uses
Best Use
Office B
$302.2K
$264.4K – $352.6K
NOI $21,153 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$176.3K
$154.2K – $205.7K
NOI $12,339 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$415.3K
$363.4K – $484.5K
NOI $29,071 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Balanced
Demand for This Use
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - C-3 zoning and a furnished clinical layout support continued healthcare or professional office use.
Where is this medical office space located?
The property is located at 408 Jefferson Terrace Boulevard New Iberia, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,511‑square‑foot medical office on 0.34 acres; Three exam rooms plus sterilization room and lab; Waiting room with adjoining children’s playroom
