Neighborhood Shopping
816 E Admiral Doyle Dr, New Iberia, LA 70560
For Sale
Contact for pricing
Four national retailers account for most of the leasable area, alongside two vacant suites.
Property Size99,249 SF
Price / SF$110.83
Days on Market33
Property Features for 816 E Admiral Doyle Dr
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Anchor Co-Tenants
Tenant in Place
Building Details
Tenancy
Listing Agency:
OnPace Partners
Listed By:
Liam Rowan · License GA #435430
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 6:03PM
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 OnPace Partners
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Investment Insights
Based on property information with market context.
The 99,249-square-foot neighborhood shopping center at 816 E Admiral Doyle Dr in New Iberia is 96.7% leased. Planet Fitness, Office Depot, Harbor Freight Tools and Citi Trends together occupy 81% of the gross leasable area and contribute 78% of base rent. Two available suites total 3,300 square feet. A TPO roof was installed in 2022.
Anchor lease commitments were updated within the past 24 months. Planet Fitness extended its lease through 2035; Harbor Freight Tools exercised an option through 2031; and Office Depot exercised its final option through 2029. Citi Trends occupies 15,976 square feet, with rent scheduled to commence January 1, 2027. The same family has owned the center since 1996, with leasing and management conducted in-house.
Anchor lease commitments were updated within the past 24 months. Planet Fitness extended its lease through 2035; Harbor Freight Tools exercised an option through 2031; and Office Depot exercised its final option through 2029. Citi Trends occupies 15,976 square feet, with rent scheduled to commence January 1, 2027. The same family has owned the center since 1996, with leasing and management conducted in-house.
Key Highlights
- 99,249‑square‑foot neighborhood shopping center in New Iberia, Louisiana
- 96.7% leased, with two vacant suites totaling 3,300 SF
- Planet Fitness, Office Depot, Harbor Freight Tools and Citi Trends occupy 81% of GLA and generate 78% of base rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$798,677
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,973,540
$16.0M
Cap Rate 7%
$11,409,671
$11.4M
Cap Rate 9%
$8,874,189
$8.9M
Market Conditions
NOI Build-Up for 99,249 SF
Gross rent
$1.19M $12.00/SF
− Vacancy
−$50.0K −$0.50/SF
EGI
$1.14M $11.50/SF
− OpEx
−$342.3K −$3.45/SF
NOI
$798.7K $8.05/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,973,540
Cap Rate 7%
$11,409,671
Cap Rate 9%
$8,874,189
Alternative Uses
Best Use
Retail
$11.41M
$9.98M – $13.31M
NOI $798,677 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.42M
$14.36M – $19.15M
NOI $1,149,065 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
96.7%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
382k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Shops & Services 27%
Groceries 23%
Apparel 15%
Rouses Market
Groceries
40,468 visits/mo
0.2 miles
Super 1 Foods & Pharmacy
Groceries
38,436 visits/mo
0.5 miles
T.J. Maxx
Apparel
31,718 visits/mo
0.5 miles
Five Below
Shops & Services
31,392 visits/mo
0.5 miles
McDonald's
Dining
29,387 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lagniappe Village — 1102 E Admiral Doyle Dr, New Iberia, LA 70560
- West Park Shopping Center — 820 E Admiral Doyle Dr, New Iberia, LA 70560
- Coinstar Kiosk | Bitcoin ATM — Rouses Market, 900 E Admiral Doyle Dr, New Iberia, LA 70560
- Walmart Plaza — 1002 Jefferson Terrace E, New Iberia, LA 70560
- College Park Shopping Center — College Park Shopping Center, E Admiral Doyle Dr, New Iberia, LA 70560
Frequently Asked Questions
What type of property is this?
Shopping center - Four national retailers account for most of the leasable area, alongside two vacant suites.
Where is this shopping center located?
The property is located at 816 E Admiral Doyle Dr New Iberia, LA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 99,249‑square‑foot neighborhood shopping center in New Iberia, Louisiana; 96.7% leased, with two vacant suites totaling 3,300 SF; Planet Fitness, Office Depot, Harbor Freight Tools and Citi Trends occupy 81% of GLA and generate 78% of base rent
