Mixed-Use Property with
500/502 Jane Street, New Iberia, LA 70563
For Sale
New
$239,999
Commercial Sale, New Iberia, LA
Property Size1,637 SF
Lot Size0.86 Acres
Price / SF$146.61
Days on Market4
Property Features for 500/502 Jane Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Water source
Water front
Building Details
Year built
Floors in Building
Flooring type
Buildings
Listing Agency:
Caffery Real Estate, Inc.
(337) 367-7708
Listed By:
Katie LaBauve · License #29166
(337) 519-5290
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 7 at 5:06AM
MLS# 200ORD
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.
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Investment Insights
Based on property information with market context.
This mixed-use property includes a residence with two bedrooms, two bathrooms, a loft and a bonus area. The home was converted from a former shutter shop. A separate foundry on the property dates to 1882 and is listed on the National Register of Historic Places.
The 0.8609-acre site is zoned I-1. The property also includes a garage, with public water and sewer service and electricity available.
The 0.8609-acre site is zoned I-1. The property also includes a garage, with public water and sewer service and electricity available.
Key Highlights
- Historic foundry on site, built in 1882 and listed on the National Register of Historic Places
- 0.8609‑acre property zoned I‑1
- Residence with 2 bedrooms, 2 bathrooms, a loft and bonus space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,943
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,860
$338.9K
Cap Rate 7%
$242,043
$242.0K
Cap Rate 9%
$188,256
$188.3K
Market Conditions
NOI Build-Up for 1,637 SF
Gross rent
$29.5K $18.00/SF
− Vacancy
−$2.4K −$1.44/SF
EGI
$27.1K $16.56/SF
− OpEx
−$10.2K −$6.21/SF
NOI
$16.9K $10.35/SF
Area
Iberia County, LA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,860
Cap Rate 7%
$242,043
Cap Rate 9%
$188,256
Alternative Uses
Best Use
Mixed Use
$242.0K
$211.8K – $282.4K
NOI $16,943 @ 7.0% cap · market cap 7.06%
Second Best
Industrial
$121.5K
$106.3K – $141.8K
NOI $8,505 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$270.8K
$236.9K – $315.9K
NOI $18,953 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
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Business Placement
Demographics for 70563, LA
19,145
Population
8,663
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
62.7 sq mi
ZIP Area
305
Density / Sq Mi
$73,555
Median Household Income
$47,011
Median Earnings
$975
Median Rent
$190,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a two-bedroom residence with a historic foundry on an industrial-zoned site.
Where is this mixed-use property located?
The property is located at 500/502 Jane Street New Iberia, LA.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Historic foundry on site, built in 1882 and listed on the National Register of Historic Places; 0.8609‑acre property zoned I‑1; Residence with 2 bedrooms, 2 bathrooms, a loft and bonus space
