Bank-Turned Office with
631 E Admiral Doyle Drive New Iberia, LA 70560
631 E Admiral Doyle Drive, New Iberia, LA, 70560
$250,000
For Sale
$250,000
COMMERCIAL - New Iberia, LA
Property Size1,800 SF
Lot Size0.35 Acres
Price / SF$138.89
Days on Market585
Property Features for 631 E Admiral Doyle Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 14
- Standard status
- Active
- APN
- 0500234985
- Size
- 1,800 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Description
- 1-100x100, Item 1 & 100x55, Item 3 (Tract 2, E Admiral Doyle, Haskins Etal, Iberia Comm Developers (Imp 631 E Admiral Doyle)
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Carpet - Full, Tile
- Roof type
- Metal
Listing Agency
Caffery Real Estate, Inc.
(337) 367-7708
1105 Parkview Drive Ste.1, New Iberia, LA
Listed by
Michael Lamperez · License #995703666
(337) 519-8827
Added: Dec 9, 2024 Checked: Jul 17 at 9:06 am
MLS# 24011108
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial property was formerly used as a bank and includes a layout designed for customer and staff flow. The interior features two offices, a large lobby, an employee breakroom, and two restrooms, making it well-suited for continued office or professional use.
The property also includes drive-through access and is described as having excellent visibility. It is zoned C-4.
The building is listed as 1,800 square feet on a 0.35-acre lot, providing a compact footprint for a range of professional office, retail, or medical applications, subject to zoning and approvals.
The property also includes drive-through access and is described as having excellent visibility. It is zoned C-4.
The building is listed as 1,800 square feet on a 0.35-acre lot, providing a compact footprint for a range of professional office, retail, or medical applications, subject to zoning and approvals.
Key Highlights
- Former bank property with drive‑thru access and a large lobby
- 2 offices plus an employee breakroom for flexible layout options
- Includes 2 restrooms (Bathroom 1 and Bathroom 2)
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
Property Profile
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 building offering two offices, a large lobby, breakroom, two restrooms, and drive-through access.
Where is this bank located?
The property is located at 631 E Admiral Doyle Drive 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 property with drive‑thru access and a large lobby; 2 offices plus an employee breakroom for flexible layout options; Includes 2 restrooms (Bathroom 1 and Bathroom 2)
