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    New Iberia Office Building Title is generated by Realmo AI

    715 Center Street, New Iberia, LA 70560

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    For Sale
    $159,000

    COMMERCIAL - New Iberia, LA

    Property size:
    1,520 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $104/SF
    Added:
    Jan 22, 2026
    Days on Market:
    131
    Last Refresh:
    Jun 2 at 4:06 am

    Property Features for 715 Center Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Exterior features
    Stabilized Yard Base
    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

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Tanna Crifasi

    Listing agent Tanna Crifasi License #0995701894

    Listing office Coldwell Banker Trahan Real Estate Group 325 Settlers Trace Ste 100, Lafayette, LA

    Listing date Jan 22, 2026

    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.

    HighLights

    • Excellent visibility in a high‑traffic downtown location.
    • Convenient access to local businesses, government offices, and amenities.
    • Functional layout suitable for professional services, legal, or administrative use.
    • Central heating and air conditioning.
    • Metal roof.
    • Stabilized yard base.

    Overview

    This well-maintained office building, located in downtown New Iberia, offers excellent visibility and convenient access. The property, with a size of 1520 square feet and situated on a 0.3-acre lot, is ideal for professional services, legal, or administrative use. Its functional layout is designed to support a variety of business needs. The location provides strong exposure and ease of access for clients and employees, situated near local businesses, government offices, and amenities. This centrally located commercial property presents an opportunity in a high-traffic area.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $21.9k $14.40
    − Vacancy −$4.8k −$3.17
    EGI $17.1k $11.23
    − OpEx −$4.3k −$2.81
    NOI $12.8k $8.42
    1,520 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $182.9K
    $160.1K – $213.4K (±1% cap)
    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 (±1% cap)
    NOI $17,598 @ 7.0% cap · market cap 11.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sugarland Credit Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.822835
    Latitude
    29.997959

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    FAQs

    What type of property is this?
    Office building - Well-maintained office building in downtown New Iberia.
    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: Excellent visibility in a high‑traffic downtown location.; Convenient access to local businesses, government offices, and amenities.; Functional layout suitable for professional services, legal, or administrative use.
    (337) 322-4814
    We can help!
    Listing Contact
    Tanna Crifasi
    Real Estate License ID: 0995701894
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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