Restaurant Property with Kitchen
602 W Admiral Doyle Drive, New Iberia, LA 70560
For Sale
$625,000
A 2022 renovation updated the building, and the sale includes restaurant furnishings and a range of kitchen equipment.
Property Size6,350 SF
Price / SF$98.43
Days on Market71
Property Features for 602 W Admiral Doyle Drive
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Marquis Realty Group, LLC
(337) 451-6999
Listed By:
Lisa Keeter · License #99563550
(337) 281-0947
Source:
Exprealty
Added: Aug 29
Changed: Nov 4
Last Checked: Nov 6 at 1:32PM
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 Marquis Realty Group, LLC
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 6,350-square-foot restaurant received interior and exterior updates in 2022, including new flooring, paint, a bar area, air conditioning and furnishings. The kitchen includes a freezer, cooler, stove, preparation area and storage room; kitchen equipment is included in the sale. The property also has a large office and on-site parking.
A trailer located at the rear of the property is included in the sale. The building is at 602 W Admiral Doyle Drive in New Iberia, with existing restaurant, bar and kitchen components.
A trailer located at the rear of the property is included in the sale. The building is at 602 W Admiral Doyle Drive in New Iberia, with existing restaurant, bar and kitchen components.
Key Highlights
- 6,350‑square‑foot restaurant property
- 2022 updates included flooring, paint, a bar area, air conditioning and furnishings
- Kitchen includes a freezer, cooler, stove, preparation area and storage room; equipment is included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,531
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,620
$410.6K
Cap Rate 7%
$293,300
$293.3K
Cap Rate 9%
$228,122
$228.1K
Market Conditions
NOI Build-Up for 6,350 SF
Gross rent
$28.6K $4.50/SF
− Vacancy
−$1.2K −$0.19/SF
EGI
$27.4K $4.31/SF
− OpEx
−$6.8K −$1.08/SF
NOI
$20.5K $3.23/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$4.50 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,620
Cap Rate 7%
$293,300
Cap Rate 9%
$228,122
Alternative Uses
Best Use
Specialty Retail
$293.3K
$256.6K – $342.2K
NOI $20,531 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.0K – $1.23M
NOI $73,518 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
234k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 33%
Groceries 17%
Apparel 7%
Rouses Market
Groceries
40,468 visits/mo
0.4 miles
McDonald's
Dining
29,387 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
21,450 visits/mo
0.4 miles
SONIC Drive In
Dining
13,184 visits/mo
0.1 miles
Chase Bank
Shops & Services
12,701 visits/mo
0.4 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 2022 renovation updated the building, and the sale includes restaurant furnishings and a range of kitchen equipment.
Where is this conventional restaurant located?
The property is located at 602 W Admiral Doyle Drive New Iberia, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 6,350‑square‑foot restaurant property; 2022 updates included flooring, paint, a bar area, air conditioning and furnishings; Kitchen includes a freezer, cooler, stove, preparation area and storage room; equipment is included
