Industrial Space Near Highway
For Sale
$400,000
7904 W Highway 90, New Iberia, LA 70560
3,000 SF warehouse with 1.62 acres near Highway 90.
Property Size6,791 SF
Lot Size1.62 Acres
Price / SF$58.90
Days on Market799
Property Features for 7904 W Highway 90
General Information
Standard status
Active
Size
6,791 SF
Lot size
1.62 Acres
Property subtype
Industrial
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Lori Lege' · License #0995693945
(337) 233-9541
Source:
Lacdb.resimplifi
Added: Aug 9, 2024
Changed: Oct 8
Last Checked: Oct 16 at 5:48AM
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 Keller Williams Realty Acadiana
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Investment Insights
Based on property information with market context.
This industrial property, located off Highway 90 West towards New Iberia, Louisiana, features a 3,000 square foot warehouse. The warehouse includes a washing station, three roll-up doors, and a small office. The property also offers ample parking and approximately 1.62 acres of land. This space is suitable for a variety of business requirements due to its versatile layout and prime industrial location.
Key Highlights
- Prime industrial location directly off HWY 90 West.
- 3,000 sq ft warehouse with washing station.
- Includes approximately 1.62 acres of land.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,283
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,660
$705.7K
Cap Rate 7%
$504,043
$504.0K
Cap Rate 9%
$392,033
$392.0K
Market Conditions
NOI Build-Up for 6,791 SF
Gross rent
$52.8K $7.78/SF
− Vacancy
−$2.4K −$0.36/SF
EGI
$50.4K $7.42/SF
− OpEx
−$15.1K −$2.23/SF
NOI
$35.3K $5.20/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,660
Cap Rate 7%
$504,043
Cap Rate 9%
$392,033
Alternative Uses
Best Use
Warehouse
$612.0K
$535.5K – $714.1K
NOI $42,843 @ 7.0% cap · market cap 10.71%
Second Best
Industrial
$504.0K
$441.0K – $588.1K
NOI $35,283 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,623 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - 3,000 SF warehouse with 1.62 acres near Highway 90.
Where is this warehouse located?
The property is located at 7904 W Highway 90 New Iberia, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime industrial location directly off HWY 90 West.; 3,000 sq ft warehouse with washing station.; Includes approximately 1.62 acres of land.
