Grocery and Convenience Store
For Sale
$175,000
722 W Admiral Doyle Dr, New Iberia, LA 70560
Includes inventory, a walk-in cooler, ice machine, offices, storage, and room for a kitchen.
Property Size3,000 SF
Price / SF$58.33
Days on Market36
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
Source:
Athomerealtyla
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 29 at 11:23PM
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 grocery and convenience store business occupies a 3,000-square-foot property at 722 W Admiral Doyle Dr in New Iberia, Louisiana. The operation includes inventory along with a large walk-in cooler, ice machine, offices, and a storage room. The existing layout also provides space for adding a kitchen.
The business is being offered separately from the real estate. The building is available for lease only, while the business and its inventory are offered for sale. The property’s location at an intersection supports its established retail setting.
The business is being offered separately from the real estate. The building is available for lease only, while the business and its inventory are offered for sale. The property’s location at an intersection supports its established retail setting.
Key Highlights
- 3,000‑square‑foot grocery and convenience store business
- Business sale includes inventories
- One large walk‑in cooler
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
$9,700
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
5.54%
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%
$194,000
$194.0K
Cap Rate 7%
$138,571
$138.6K
Cap Rate 9%
$107,778
$107.8K
Market Conditions
NOI Build-Up for 3,000 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
$13.5K $4.50/SF
− Vacancy
−$567 −$0.19/SF
EGI
$12.9K $4.31/SF
− OpEx
−$3.2K −$1.08/SF
NOI
$9.7K $3.23/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$4.50 /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%
$194,000
Cap Rate 7%
$138,571
Cap Rate 9%
$107,778
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 8%
Mobil
Shops & Services
9,071 visits/mo
0.5 miles
Krispy Krunchy Chicken
Dining
792 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Fremin's Food — 603 W Admiral Doyle Dr, New Iberia, LA 70560
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Includes inventory, a walk-in cooler, ice machine, offices, storage, and room for a kitchen.
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: 3,000‑square‑foot grocery and convenience store business; Business sale includes inventories; One large walk‑in cooler
