Professional Office
For Sale
$159,000
715 Center St, New Iberia, LA 70560
Functional office setting near businesses, government offices, and everyday amenities in central New Iberia.
Property Size1,520 SF
Price / SF$104.61
Days on Market90
Property Features for 715 Center St
General Information
Standard status
Active
Size
1,520 SF
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Trahan Real Estate Group
Listed By:
Tanna Crifasi · License #0995701894
(337) 993-1414
Source:
Athomerealtyla
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 7 at 4:45PM
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 Coldwell Banker Trahan Real Estate Group
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Investment Insights
Based on property information with market context.
This 1,520-square-foot office building provides a functional layout for professional, legal, or administrative operations. The property is positioned in downtown New Iberia with convenient access and visibility from Center St.
The surrounding area includes local businesses, government offices, and amenities, supporting convenient access for clients and employees. Its existing office configuration offers a straightforward setting for an established practice, administrative operation, or similar professional use.
The surrounding area includes local businesses, government offices, and amenities, supporting convenient access for clients and employees. Its existing office configuration offers a straightforward setting for an established practice, administrative operation, or similar professional use.
Key Highlights
- 1,520‑square‑foot office building
- Located at 715 Center St, New Iberia, LA 70560
- Downtown setting near local businesses, government offices, and amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,804
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,080
$256.1K
Cap Rate 7%
$182,914
$182.9K
Cap Rate 9%
$142,267
$142.3K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$21.9K $14.40/SF
− Vacancy
−$4.8K −$3.17/SF
EGI
$17.1K $11.23/SF
− OpEx
−$4.3K −$2.81/SF
NOI
$12.8K $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%
$256,080
Cap Rate 7%
$182,914
Cap Rate 9%
$142,267
Alternative Uses
Best Use
Office B
$182.9K
$160.1K – $213.4K
NOI $12,804 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.4K
$220.0K – $293.3K
NOI $17,598 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
802
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Functional office setting near businesses, government offices, and everyday amenities in central New Iberia.
Where is this office building located?
The property is located at 715 Center St New Iberia, LA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 1,520‑square‑foot office building; Located at 715 Center St, New Iberia, LA 70560; Downtown setting near local businesses, government offices, and amenities
