Commercial Office
For Sale
$159,000
715 Center Street, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size1,520 SF
Lot Size0.30 Acres
Price / SF$104.61
Days on Market276
Property Features for 715 Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
Stabilized Yard Base
Directions
Hwy 90 to Exit 128A, take Exit 128A toward New Iberia/Center Street. Turn left onto LA-14 E. Keep left to continue on LA-14 E/Abbeville Hwy 14/Center St. Continue to follow LA-14 E/Center St. Building will be on the right.
Subdivision
I2
Standard status
Active
APN
0504937000
Size
1,520 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
1-82/32 X 180 CENTER ST., LOT 7, DELCAMBRE, DELCAMBRE. IMP (715 CENTER STREET) ITEM 1 ACQ: UNITED COMPANIES FINANCIAL CORP.-1992 (1044-552) LAND COMM SITE DEVELOPMENT ITEM 3
Legal Description
1-82/32 X 180 CENTER ST., LOT 7, DELCAMBRE, DELCAMBRE. IMP (715 CENTER STREET) ITEM 1 ACQ: UNITED COMPANIES FINANCIAL CORP.-1992 (1044-552) LAND COMM SITE DEVELOPMENT ITEM 3
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Tanna Crifasi · License #0995701894
(337) 322-4814
Added: Jan 22
Changed: Oct 8
Last Checked: Oct 25 at 1:06AM
MLS# 2600000217
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 1,520-square-foot office building occupies a 0.3-acre parcel in downtown New Iberia. The property is designated Commercial and includes a metal roof, central heating, and central air conditioning. A stabilized yard base is also part of the site improvements.
The building is located near local businesses, government offices, and other downtown amenities, with access from Center Street. Public water and private sewer serve the property, supporting its existing office configuration.
The building is located near local businesses, government offices, and other downtown amenities, with access from Center Street. Public water and private sewer serve the property, supporting its existing office configuration.
Key Highlights
- 1,520‑square‑foot office building
- 0.3‑acre parcel in downtown New Iberia
- Commercial zoning
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.
How Realmo checks its estimates
Property Analytics
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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 - Commercially zoned office property with central HVAC and a stabilized yard base.
Where is this office building located?
The property is located at 715 Center Street 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; 0.3‑acre parcel in downtown New Iberia; Commercial zoning
