Convenience Store Retail
722 W Admiral Doyle Dr New Iberia, LA 70560
722 W Admiral Doyle Dr, New Iberia, LA, 70560
$175,000
For Sale
$175,000
Convenience store building includes a walk-in cooler, offices, storage, and an ice machine on a busy intersection.
Property Size3,000 SF
Price / SF$58.33
Days on Market41
Property Features for 722 W Admiral Doyle Dr
General Information
- Standard status
- Active
- Size
- 3,000 SF
Listing agency
Compass
(337) 322-8682
Listed by
Kim Loan Mai Pham · License #995708688
(337) 322-8682
Source
Exprealty
Added: Jun 11 Updated: Jul 20 at 3:55PM Checked: Jul 20 at 3:55PM
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 Compass
Investment Insights
Based on property information with market context.
This convenience store retail building is available for lease, with the business also offered for sale only. The space includes one large walk-in cooler, offices, a storage room, and an ice machine. There is also room to add a kitchen, based on the existing layout and available space.
The property is located on a busy intersection and currently draws long-time customers, supporting an active neighborhood retail environment.
Additional operational components include inventory included with the business offering. The building’s combination of refrigerated storage, back-of-house areas, and mechanical assets is suited to a convenience format and can accommodate updates, including the potential for kitchen installation, subject to approvals and setup requirements.
The property is located on a busy intersection and currently draws long-time customers, supporting an active neighborhood retail environment.
Additional operational components include inventory included with the business offering. The building’s combination of refrigerated storage, back-of-house areas, and mechanical assets is suited to a convenience format and can accommodate updates, including the potential for kitchen installation, subject to approvals and setup requirements.
Key Highlights
- Convenience store building on a busy intersection.
- Includes one large walk‑in cooler.
- Office space and storage room included.
Local Financial Insights For Specialty Retail
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 | $13.5k | $4.50 |
| − Vacancy | −$567 | −$0.19 |
| EGI | $12.9k | $4.31 |
| − OpEx | −$3.2k | −$1.08 |
| NOI | $9.7k | $3.23 |
3,000 SF · lease $4.50/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 13.80%
Second Best
Specialty Retail
$138.6K
$121.3K – $161.7K
NOI $9,700 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mini Mart
Grocery & Convenience Store
Sushi Mizu
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Fremin's Food — 603 W Admiral Doyle Dr, New Iberia, LA 70560
FAQs
What type of property is this?
Grocery and convenience store - Convenience store building includes a walk-in cooler, offices, storage, and an ice machine on a busy intersection.
Where is this grocery and convenience store located?
The property is located at 722 W Admiral Doyle Dr New Iberia, LA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Convenience store building on a busy intersection.; Includes one large walk‑in cooler.; Office space and storage room included.
