Former Bank Building with
631 E Admiral Doyle Dr New Iberia, LA 70560
631 E Admiral Doyle Dr, New Iberia, LA, 70560
$250,000
For Sale
$250,000
Former bank with two offices, large lobby, breakroom, two restrooms, and a drive-thru window.
Property Size1,800 SF
Price / SF$138.89
Days on Market590
Property Features for 631 E Admiral Doyle Dr
General Information
- Standard status
- Active
- Size
- 1,800 SF
Listing agency
Caffery Real Estate, Inc.
(337) 519-8827
Listed by
Michael Lamperez · License #995703666
(337) 519-8827
Source
Exprealty
Added: Dec 9, 2024 Updated: Jul 21 at 2:12PM Checked: Jul 21 at 2:12PM
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 Caffery Real Estate, Inc.
Investment Insights
Based on property information with market context.
This former bank building offers a functional layout for a professional use, with two offices, a large lobby, an employee breakroom, and two restrooms. The property also includes a drive-thru feature.
The site is located at 631 E Admiral Doyle Dr in New Iberia, Louisiana. The public remarks describe the property as having excellent visibility, which can support retail or office-facing operations.
While it was previously used as a bank, the space may be repurposed for other professional office, retail, or medical uses, depending on the buyer’s plans and applicable approvals.
The site is located at 631 E Admiral Doyle Dr in New Iberia, Louisiana. The public remarks describe the property as having excellent visibility, which can support retail or office-facing operations.
While it was previously used as a bank, the space may be repurposed for other professional office, retail, or medical uses, depending on the buyer’s plans and applicable approvals.
Key Highlights
- Former bank commercial property with features suited for professional office, retail, or medical use
- Drive‑thru window for customer service traffic
- Large lobby plus 2 offices
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 | $25.9k | $14.40 |
| − Vacancy | −$5.7k | −$3.17 |
| EGI | $20.2k | $11.23 |
| − OpEx | −$5.1k | −$2.81 |
| NOI | $15.2k | $8.42 |
1,800 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$216.6K
$189.5K – $252.7K
NOI $15,163 @ 7.0% cap · market cap 6.07%
Second Best
Retail
$206.9K
$181.1K – $241.4K
NOI $14,485 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$297.7K
$260.5K – $347.3K
NOI $20,840 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
JD Bank
Bank
ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Former bank with two offices, large lobby, breakroom, two restrooms, and a drive-thru window.
Where is this bank located?
The property is located at 631 E Admiral Doyle Dr New Iberia, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Former bank commercial property with features suited for professional office, retail, or medical use; Drive‑thru window for customer service traffic; Large lobby plus 2 offices
