Occupied Storefront
For Sale
$799,000
712 S Lewis St, New Iberia, LA 70560
Fully occupied commercial building offered for sale in New Iberia.
Property Size5,800 SF
Price / SF$137.76
Days on Market51
Property Features for 712 S Lewis St
General Information
Standard status
Active
Size
5,800 SF
Occupancy
100%
Listing Agency:
HUNCO Real Estate
(337) 889-5711
Listed By:
Kevin McKay · License #0995695528
Source:
Athomerealtyla
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 28 at 1:54PM
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 HUNCO Real Estate
Investment Insights
Based on property information with market context.
This storefront property comprises a 5,800-square-foot building that is currently 100% occupied. The asset is offered for sale at 712 S Lewis St in New Iberia, Louisiana.
Key Highlights
- 5,800‑square‑foot storefront building
- 100% occupied
- Located at 712 S Lewis St, New Iberia, LA 70560
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
$46,674
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
5.84%
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%
$933,480
$933.5K
Cap Rate 7%
$666,771
$666.8K
Cap Rate 9%
$518,600
$518.6K
Market Conditions
NOI Build-Up for 5,800 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
$69.6K $12.00/SF
− Vacancy
−$2.9K −$0.50/SF
EGI
$66.7K $11.50/SF
− OpEx
−$20.0K −$3.45/SF
NOI
$46.7K $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 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%
$933,480
Cap Rate 7%
$666,771
Cap Rate 9%
$518,600
Alternative Uses
Best Use
Retail
$666.8K
$583.4K – $777.9K
NOI $46,674 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.3K
$839.4K – $1.12M
NOI $67,150 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
132k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 66%
Shops & Services 21%
Dining 9%
Electronics 2%
Walmart
Superstores
87,974 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
16,361 visits/mo
0.5 miles
The UPS Store
Shops & Services
5,409 visits/mo
0.4 miles
Firehouse Subs
Dining
3,958 visits/mo
0.4 miles
Texaco
Shops & Services
3,456 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied commercial building offered for sale in New Iberia.
Where is this storefront property located?
The property is located at 712 S Lewis St New Iberia, LA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,800‑square‑foot storefront building; 100% occupied; Located at 712 S Lewis St, New Iberia, LA 70560
