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 Market43
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
(337) 993-1414
Listed By:
Tanna Crifasi · License #0995701894
Source:
Athomerealtyla
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 8:42PM
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
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 = 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
$12,804
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
8.05%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
