Divisible Office Building with
For Sale
$562,000
725 Weldon St, New Iberia, LA 70560
Office building with multiple private offices, reception area, conference room, full kitchen, and ADA-compliant restrooms.
Property Size4,870 SF
Price / SF$115.40
Days on Market262
Property Features for 725 Weldon St
General Information
Standard status
Active
Size
4,870 SF
Total Parking Spaces
22
Amenities
private offices
central workroom
full kitchen
conference room
reception area
ADA-compliant restrooms
Building Details
Year Built
1997
Year Renovated
2025
Listing Agency:
The Gleason Group
(337) 380-9511
Listed By:
Barton Broussard · License #52896
(337) 380-9511
Source:
Exprealty
Added: Dec 12, 2025
Changed: Aug 20
Last Checked: Aug 31 at 7:29PM
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 The Gleason Group
Investment Insights
Based on property information with market context.
This functional office building includes multiple private offices, a central workroom, full kitchen, conference room, reception area, and ADA-compliant restrooms. The property was constructed in 1997 with a 2002 addition and is designed to be divided into two independent suites, each with its own entrance/exit, utilities, and facilities.
The site offers 22 dedicated parking spaces, including marked handicap spaces. The roof was fully replaced in November 2020, and extensive repairs were completed in 2025, resulting in very limited deferred maintenance.
The property is located in Flood Zone X and includes additional land that can support future expansion or added parking. The layout and condition support a turn-key professional office use with flexibility for single- or multi-tenant occupancy.
The site offers 22 dedicated parking spaces, including marked handicap spaces. The roof was fully replaced in November 2020, and extensive repairs were completed in 2025, resulting in very limited deferred maintenance.
The property is located in Flood Zone X and includes additional land that can support future expansion or added parking. The layout and condition support a turn-key professional office use with flexibility for single- or multi-tenant occupancy.
Key Highlights
- +/-4,870 SF office building at 725 Weldon Street, designed for flexible use with reception, central workroom, conference room, and full kitchen
- Layout can be divided into two independent suites, each with its own entrance/exit, utilities, and facilities
- 22 dedicated parking spaces, including marked handicap spaces
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
$41,025
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
7.30%
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%
$820,500
$820.5K
Cap Rate 7%
$586,071
$586.1K
Cap Rate 9%
$455,833
$455.8K
Market Conditions
NOI Build-Up for 4,870 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
$70.1K $14.40/SF
− Vacancy
−$15.4K −$3.17/SF
EGI
$54.7K $11.23/SF
− OpEx
−$13.7K −$2.81/SF
NOI
$41.0K $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 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%
$820,500
Cap Rate 7%
$586,071
Cap Rate 9%
$455,833
Alternative Uses
Best Use
Office B
$586.1K
$512.8K – $683.8K
NOI $41,025 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$805.5K
$704.8K – $939.7K
NOI $56,383 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
817
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office building with multiple private offices, reception area, conference room, full kitchen, and ADA-compliant restrooms.
Where is this office units located?
The property is located at 725 Weldon St New Iberia, LA.
What is the asking price?
The asking price for this property is $562,000.
What are key features of this property?
This property features: +/-4,870 SF office building at 725 Weldon Street, designed for flexible use with reception, central workroom, conference room, and full kitchen; Layout can be divided into two independent suites, each with its own entrance/exit, utilities, and facilities; 22 dedicated parking spaces, including marked handicap spaces
