Bank Building with
For Sale
$250,000
631 E Admiral Doyle Drive, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size1,800 SF
Lot Size0.35 Acres
Price / SF$138.89
Days on Market685
Property Features for 631 E Admiral Doyle Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
14
Directions
From Hwy 90, Exit Hwy 14 into New Iberia. Take a left on Admiral Doyle Dr. Property on the left.
Subdivision
I2
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)
Tax Annual Amount
4630
Legal Description
1-100x100, Item 1 & 100x55, Item 3 (Tract 2, E Admiral Doyle, Haskins Etal, Iberia Comm Developers (Imp 631 E Admiral Doyle)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Block
Roof type
Metal
Listing Agency:
Caffery Real Estate, Inc.
(337) 367-7708
Listed By:
Michael Lamperez · License #995703666
(337) 519-8827
Added: Dec 9, 2024
Changed: Oct 23
Last Checked: Oct 25 at 5:06AM
MLS# 24011108
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,800-square-foot commercial building in New Iberia was previously occupied by a bank. The interior includes two offices, a large lobby, an employee breakroom and two restrooms, with a drive-through feature. Block construction and tile and carpet flooring are among the recorded building details.
The property occupies 0.35 acres and is zoned C-4. Public water and sewer serve the site, and natural gas is available.
The property occupies 0.35 acres and is zoned C-4. Public water and sewer serve the site, and natural gas is available.
Key Highlights
- 1,800 square feet on 0.35 acres
- C‑4 zoning
- Drive‑through feature
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Bank - Two offices, a lobby, staff breakroom and two restrooms provide a defined interior layout.
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: 1,800 square feet on 0.35 acres; C‑4 zoning; Drive‑through feature
