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    Retail Pad Building For Sale Title is generated by Realmo AI

    900 E Admiral Doyle Dr, New Iberia, LA 70560

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    For Sale
    $3,444,000

    100% leased, freestanding, 3-tenant NNN outparcel pad building.

    Type:Retail
    Property size:
    7,572 SF
    Price / SF:
    $454/SF
    Added:
    Nov 25, 2025
    Days on Market:
    189
    Last Refresh:
    May 19 at 9:12 pm

    Property Features for 900 E Admiral Doyle Dr

    General Information

    Standard status
    Active
    Size
    7,572 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Scott De Young
    Scott De Young

    Listing agent Scott De Young License #MT #98615

    Listing office Faris Lee Investments

    Listing date Nov 25, 2025

    Source Farislee

    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 Faris Lee Investments

    HighLights

    • 100% leased, freestanding, 3‑tenant NNN outparcel pad building with brand‑new long‑term leases signed in 2023.
    • Corporate‑backed leases from Mattress Firm and Cellular Sales (DBA Verizon).
    • NNN leases provide minimal landlord responsibilities.
    • Strategic location in New Iberia, Louisiana, as an outparcel to a regional shopping center anchored by Hobby Lobby, Rouses Market, and Ross Dress for Less.
    • Mattress Firm's lease includes rental increases throughout the term.
    • High traffic location on South Lewis and E. Admiral Doyle Dr., with direct access to Hwy 90.

    Overview

    This 7,572-square-foot retail property is a 100% leased, freestanding, 3-tenant NNN outparcel pad building. The property is located in New Iberia, Louisiana, which has a population of over 27,000. The shops are an outparcel to a regional shopping center with Hobby Lobby, Rouses Market, and Ross Dress for Less as strong anchors. Other tenants within the immediate trade area include Walmart, TJ Maxx, PetSmart, and Five Below. The property is centrally located within the east Iberia trade area, in the dominant retail corridor with frontage along South Lewis and E. Admiral Doyle Dr., and with direct access to Hwy 90. South Lewis provides over 23,000 vehicles per day, and Admiral Doyle Drive provides over 21,000 vehicles per day. More than 74,000 people live within a ten-mile radius. All three tenants signed brand-new long-term NNN leases in 2023, with options to extend the term, making the tenants responsible for their pro rata share of expenses (taxes, insurance, and CAM) associated with the property. Tenants include Mattress Firm, Cellular Sales (DBA Verizon), and Zeus Mediterranean Kitchen. Mattress Firm’s lease includes rental increases throughout the term. Mattress Firm has over 2,300 locations, Cellular Sales has over 700 locations, and Zeus Mediterranean Kitchen has 17 locations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hobby Lobby (Bike/Boat/Book/etc) Store Rouses Market Grocery & Convenience Store Ross Dress for Less Clothing Store Mattress Firm Shops ... Furniture & Home Goods Verizon Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lagniappe Village — 1102 E Admiral Doyle Dr, New Iberia, LA 70560
    • College Park Shopping Center — College Park Shopping Center, E Admiral Doyle Dr, New Iberia, LA 70560
    • West Park Shopping Center — 820 E Admiral Doyle Dr, New Iberia, LA 70560
    • Iberia Plaza — 911 S Lewis St, New Iberia, LA 70560
    • Coinstar Kiosk | Bitcoin ATM — Rouses Market, 900 E Admiral Doyle Dr, New Iberia, LA 70560

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.8232
    Latitude
    29.9855

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    FAQs

    What type of property is this?
    Shopping center - 100% leased, freestanding, 3-tenant NNN outparcel pad building.
    Where is this shopping center located?
    The property is located at 900 E Admiral Doyle Dr New Iberia, LA.
    What is the asking price?
    The asking price for this property is $3,444,000.
    What are key features of this property?
    This property features: 100% leased, freestanding, 3‑tenant NNN outparcel pad building with brand‑new long‑term leases signed in 2023.; Corporate‑backed leases from Mattress Firm and Cellular Sales (DBA Verizon).; NNN leases provide minimal landlord responsibilities.
    (949) 933-7958
    We can help!
    Listing Contact
    Scott De Young
    Scott De Young
    Real Estate License ID: MT #98615
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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