Move-in Ready Professional Office
605 S Lewis St, New Iberia, LA 70563
Well-designed office building with recent updates and excellent visibility.
Property size:
1,500 SFPrice / SF:
$132/SF- Added:
- Apr 17, 2026
- Days on Market:
- 47
- Last Refresh:
- May 23 at 12:11 am
Property Features for 605 S Lewis St
General Information
- Standard status
- Active
- Size
- 1,500 SF
Listing agent Rebecca B Ruskoski License #99563997 (337) 380-3680
Listing office Compass (337) 380-3680
Listing date Apr 17, 2026
Source Exprealty
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
HighLights
- Move‑in ready condition with recent HVAC and electrical panel updates.
- Convenient location with excellent visibility.
- Functional layout with 4 private offices, lobby/reception, storage, kitchenette, and restroom.
- 14 parking spaces with room for expansion.
- Turnkey and ready for immediate occupancy.
- Perfect for a variety of business uses.
Overview
This move-in ready professional office building features a functional layout that includes 4 private offices, a welcoming lobby with a reception area, a large storage closet, a kitchenette, and a restroom. Recent updates have been made throughout the property, including the HVAC system and electrical panel. The property is situated in a convenient location with excellent visibility. There are 14 parking spaces available, with additional room to expand the parking area if needed. The property is suitable for a variety of business uses and offers immediate occupancy.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $14.40 |
| − Vacancy | −$4.8k | −$3.17 |
| EGI | $16.8k | $11.23 |
| − OpEx | −$4.2k | −$2.81 |
| NOI | $12.6k | $8.42 |
1,500 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$180.5K
$158.0K – $210.6K
NOI $12,636 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.1K
$217.1K – $289.4K
NOI $17,366 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Vitality Addiction Solutions
Physician
Location Insight
- Map
- Local Demand
- City
- New Iberia
- County
- Iberia
- State
- Louisiana
- Longitude
- -91.8099914
- Latitude
- 29.9932623
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Well-designed office building with recent updates and excellent visibility.
Where is this office building located?
The property is located at 605 S Lewis St New Iberia, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Move‑in ready condition with recent HVAC and electrical panel updates.; Convenient location with excellent visibility.; Functional layout with 4 private offices, lobby/reception, storage, kitchenette, and restroom.
