Brick 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 Market280
Property Features for 715 Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
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
Additional Details
Property Use
Office
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
Utilities
Natural Gas Available
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick, Frame
Roof type
Metal
Buildings
1
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 28
Last Checked: Oct 29 at 8:06AM
MLS# 2600000217
Copyright © 2026 ROAM MLS. 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 sits on a 0.3-acre parcel in New Iberia. Brick and frame construction, a metal roof, central heating, and central air define the building’s physical features. The property is zoned Commercial.
Public water and private sewer serve the site, and natural gas is available. The address is 715 Center Street, New Iberia, Louisiana.
Public water and private sewer serve the site, and natural gas is available. The address is 715 Center Street, New Iberia, Louisiana.
Key Highlights
- 1,520‑square‑foot office building on a 0.3‑acre parcel
- Brick and frame construction with a metal roof
- Central heating and central air conditioning
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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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 0.3-acre parcel supports a compact commercial office with central heating and air conditioning.
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 on a 0.3‑acre parcel; Brick and frame construction with a metal roof; Central heating and central air conditioning
