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 Market676
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 1, Bathroom 2
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)
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
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Heat Pump
Water source
Public
Amenities
drive-thru
Building Details
Floors in Building
1
Flooring type
Tile, Carpet - Full
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 8
Last Checked: Oct 16 at 6:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot bank property occupies a 0.35-acre parcel at 631 E Admiral Doyle Drive in New Iberia. Its interior includes two offices, a spacious lobby, an employee breakroom, and two restrooms. Tile and full carpeting are listed as flooring; heating is electric and central, with heat-pump cooling. The building has a metal roof, and public water and sewer service.
Previously used for banking, the property includes a drive-through and is zoned C-4. The existing office and lobby layout provides a range of commercial spaces within the building.
Previously used for banking, the property includes a drive-through and is zoned C-4. The existing office and lobby layout provides a range of commercial spaces within the building.
Key Highlights
- 1,800‑square‑foot bank property on a 0.35‑acre parcel
- Two offices, a lobby, employee breakroom, and two restrooms
- Drive‑through feature and C‑4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,485
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,700
$289.7K
Cap Rate 7%
$206,929
$206.9K
Cap Rate 9%
$160,944
$160.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$21.6K $12.00/SF
− Vacancy
−$907 −$0.50/SF
EGI
$20.7K $11.50/SF
− OpEx
−$6.2K −$3.45/SF
NOI
$14.5K $8.05/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,700
Cap Rate 7%
$206,929
Cap Rate 9%
$160,944
Alternative Uses
Best Use
Retail
$206.9K
$181.1K – $241.4K
NOI $14,485 @ 7.0% cap · market cap 5.79%
Second Best
Specialty Retail
$83.1K
$72.8K – $97.0K
NOI $5,820 @ 7.0% cap · market cap 2.33%
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
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Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
264k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 28%
Groceries 15%
Apparel 8%
Rouses Market
Groceries
40,468 visits/mo
0.4 miles
McDonald's
Dining
29,387 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
21,450 visits/mo
0.4 miles
Wendy's
Dining
15,988 visits/mo
0.5 miles
SONIC Drive In
Dining
13,184 visits/mo
0.2 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - C-4-zoned property offers office rooms, a lobby, staff breakroom, and two restrooms.
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‑foot bank property on a 0.35‑acre parcel; Two offices, a lobby, employee breakroom, and two restrooms; Drive‑through feature and C‑4 zoning
