Dental Office with 7 Exam
For Sale
$595,000
Pending
621 Rue De Onetta, New Iberia, LA 70563
Medical office configured with exam, office, laboratory, breakroom, and restroom areas for dental use.
Property Size3,000 SF
Days on Market46
Property Features for 621 Rue De Onetta
General Information
Standard status
Pending
Size
3,000 SF
Total Parking Spaces
16
Additional Details
Furnished
Yes
Building Details
Buildings
1
Building Size
3,000 SF
Listing Agency:
McGeeScott Realty
(337) 365-9700
Listed By:
Lisa Duhe Lourd · License #0995696429
Source:
Athomerealtyla
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 30 at 7:02PM
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.
This medical office property is configured as a dental practice with 7 exam rooms, 2 office areas, 2 lab/work areas, a kitchen/breakroom, and 3 bathrooms. A list of available equipment and ancillary furnishings can support evaluation of the existing setup. The property also includes 16 parking spots, with 1 designated as handicap accessible.
The office is located at 621 Rue De Onetta in New Iberia, Louisiana, near IMC North Campus. Its existing room arrangement and parking supply provide a defined clinical-office configuration for continued dental use.
The office is located at 621 Rue De Onetta in New Iberia, Louisiana, near IMC North Campus. Its existing room arrangement and parking supply provide a defined clinical-office configuration for continued dental use.
Key Highlights
- 7 exam rooms, 2 office areas, and 2 lab/work areas
- Kitchen/breakroom and 3 bathrooms
- 16 parking spots, including 1 handicap accessible
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
$24,851
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
4.18%
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%
$497,020
$497.0K
Cap Rate 7%
$355,014
$355.0K
Cap Rate 9%
$276,122
$276.1K
Market Conditions
NOI Build-Up for 2,950 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
$42.5K $14.40/SF
− Vacancy
−$9.3K −$3.17/SF
EGI
$33.1K $11.23/SF
− OpEx
−$8.3K −$2.81/SF
NOI
$24.9K $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%
$497,020
Cap Rate 7%
$355,014
Cap Rate 9%
$276,122
Alternative Uses
Best Use
Office B
$355.0K
$310.6K – $414.2K
NOI $24,851 @ 7.0% cap · market cap 4.18%
Second Best
Healthcare Medical
$207.1K
$181.2K – $241.6K
NOI $14,496 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$487.9K
$426.9K – $569.2K
NOI $34,154 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office configured with exam, office, laboratory, breakroom, and restroom areas for dental use.
Where is this medical office space located?
The property is located at 621 Rue De Onetta New Iberia, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 7 exam rooms, 2 office areas, and 2 lab/work areas; Kitchen/breakroom and 3 bathrooms; 16 parking spots, including 1 handicap accessible
