Flex Property with Fenced
For Sale
Contact for pricing
701 W Admiral Doyle Dr, New Iberia, LA 70560
Combined office, warehouse, and shop areas provide a practical setup for administrative and operational needs.
Property Size3,090 SF
Price / SF$83.82
Days on Market136
Property Features for 701 W Admiral Doyle Dr
General Information
Standard status
Active
Size
3,090 SF
Property subtype
Retail, Office, Industrial
Zoning
C-4
Investment Type
Owner/User
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Bart Broussard · License #LA R0842
Source:
Crexi
Added: Apr 18
Changed: Aug 31
Last Checked: Aug 31 at 2:26AM
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 The Gleason Group
Investment Insights
Based on property information with market context.
This flex property combines approximately 3,090 SF of improvements on approximately 0.88 acres. The layout includes approximately 1,865 SF of updated office space with three private offices, a reception area, and two restrooms, along with approximately 1,225 SF of warehouse and shop space. Recent exterior work includes fresh paint, new metal siding, and roof repairs.
A fully fenced yard provides secure parking and equipment storage, with additional room for future expansion. The property has 160 feet of frontage and access to Hwy 90 and Acadiana Regional Airport. C-4 zoning supports a range of commercial uses, while the office-and-warehouse configuration accommodates businesses requiring both customer-facing space and operational support areas.
A fully fenced yard provides secure parking and equipment storage, with additional room for future expansion. The property has 160 feet of frontage and access to Hwy 90 and Acadiana Regional Airport. C-4 zoning supports a range of commercial uses, while the office-and-warehouse configuration accommodates businesses requiring both customer-facing space and operational support areas.
Key Highlights
- Approximately 3,090 SF on approximately 0.88 acres
- Approximately 1,865 SF of updated office space with 3 private offices, reception, and 2 restrooms
- Approximately 1,225 SF of warehouse/shop space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,494
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,880
$389.9K
Cap Rate 7%
$278,486
$278.5K
Cap Rate 9%
$216,600
$216.6K
Market Conditions
NOI Build-Up for 3,090 SF
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.
Gross rent
$24.0K $7.78/SF
− Vacancy
−$1.1K −$0.36/SF
EGI
$22.9K $7.42/SF
− OpEx
−$3.4K −$1.11/SF
NOI
$19.5K $6.31/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,880
Cap Rate 7%
$278,486
Cap Rate 9%
$216,600
Alternative Uses
Best Use
Office B
$371.9K
$325.4K – $433.8K
NOI $26,030 @ 7.0% cap · market cap 10.05%
Second Best
Warehouse
$278.5K
$243.7K – $324.9K
NOI $19,494 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$511.1K
$447.2K – $596.3K
NOI $35,775 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office, warehouse, and shop areas provide a practical setup for administrative and operational needs.
Where is this flex space located?
The property is located at 701 W Admiral Doyle Dr New Iberia, LA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Approximately 3,090 SF on approximately 0.88 acres; Approximately 1,865 SF of updated office space with 3 private offices, reception, and 2 restrooms; Approximately 1,225 SF of warehouse/shop space
