Former Bank Building with
For Sale
$250,000
631 E Admiral Doyle Dr, New Iberia, LA 70560
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 Market100
Property Features for 631 E Admiral Doyle Dr
General Information
Standard status
Active
Size
1,800 SF
Listing Agency:
Caffery Real Estate, Inc.
Listed By:
Michael Lamperez · License #995703666
(337) 519-8827
Source:
Athomerealtyla
Added: Jul 17
Changed: Oct 12
Last Checked: Oct 7 at 4:56PM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,163
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,260
$303.3K
Cap Rate 7%
$216,614
$216.6K
Cap Rate 9%
$168,478
$168.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$25.9K $14.40/SF
− Vacancy
−$5.7K −$3.17/SF
EGI
$20.2K $11.23/SF
− OpEx
−$5.1K −$2.81/SF
NOI
$15.2K $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 Rate 5%
$303,260
Cap Rate 7%
$216,614
Cap Rate 9%
$168,478
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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
