Medical Office with Dental
For Sale
$400,000
408 Jefferson Ter, New Iberia, LA 70560
Configured clinical space includes treatment rooms, reception areas, administrative offices, and support facilities for medical use.
Property Size2,511 SF
Price / SF$159.30
Days on Market13
Property Features for 408 Jefferson Ter
General Information
Standard status
Active
Size
2,511 SF
Additional Details
Furnished
Yes
Listing Agency:
McGeeScott Realty
(337) 735-4040
Listed By:
Andree Schlicher · License #0995687644
(337) 577-1414
Source:
Exprealty
Added: Sep 7
Changed: Sep 16
Last Checked: Sep 18 at 12:41PM
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 McGeeScott Realty
Investment Insights
Based on property information with market context.
Located at 408 Jefferson Ter in New Iberia, this medical office is configured for dental operations and includes furniture, equipment, and inventory. The clinical layout provides three exam rooms, a sterilization room, and a lab, supported by a spacious waiting room with an adjoining children’s playroom. A large reception and patient file area anchors the front-of-house arrangement.
The property also includes a primary office, two additional offices, three bathrooms, a break room, and a separate staff entrance. The existing configuration can support continued dental use, other medical applications, or general professional office functions. Its combination of treatment, administrative, patient, and staff areas creates a practical setup for an established or expanding practice.
The property also includes a primary office, two additional offices, three bathrooms, a break room, and a separate staff entrance. The existing configuration can support continued dental use, other medical applications, or general professional office functions. Its combination of treatment, administrative, patient, and staff areas creates a practical setup for an established or expanding practice.
Key Highlights
- Three exam rooms with dedicated sterilization room and lab
- Spacious waiting room with adjoining children’s playroom
- Primary office plus two additional administrative offices
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
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured clinical space includes treatment rooms, reception areas, administrative offices, and support facilities for medical use.
Where is this medical office space located?
The property is located at 408 Jefferson Ter 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: Three exam rooms with dedicated sterilization room and lab; Spacious waiting room with adjoining children’s playroom; Primary office plus two additional administrative offices
