For Sale
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4308 Highway 90 East, New Iberia, LA 70560
Flex space
Property Size10,000 SF
Price / SF$0.00
Days on Market1045
Property Features for 4308 Highway 90 East
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Zoning
General Commercial
Lease Type
NNN
Amenities
Water
Sewer
Vacant
Listing Agency:
Beau Box Commercial Real Estate Lafayette
Listed By:
Monty Warren
(337) 233-1488
Source:
Lacdb.resimplifi
Added: Dec 6, 2023
Changed: Oct 10
Last Checked: Oct 16 at 5:52AM
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 Beau Box Commercial Real Estate Lafayette
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Investment Insights
Based on property information with market context.
Key Highlights
- 10,000 SF industrial/office building with 8,000 SF of office space and 2,000 SF of warehouse space.
- Large, stabilized yard area suitable for equipment and vehicle storage.
- Located on Hwy. 90 in New Iberia with two ingress/egress points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,244
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,880
$964.9K
Cap Rate 7%
$689,200
$689.2K
Cap Rate 9%
$536,044
$536.0K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$77.8K $7.78/SF
− Vacancy
−$3.6K −$0.36/SF
EGI
$74.2K $7.42/SF
− OpEx
−$26.0K −$2.60/SF
NOI
$48.2K $4.82/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,880
Cap Rate 7%
$689,200
Cap Rate 9%
$536,044
Alternative Uses
Best Use
Industrial
$742.2K
$649.4K – $865.9K
NOI $51,955 @ 7.0% cap · market cap 769,703.70%
Second Best
Flex RnD
$689.2K
$603.1K – $804.1K
NOI $48,244 @ 7.0% cap · market cap 714,725.93%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,776 @ 7.0% cap · market cap 1,715,200.00%
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
29
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
Where is this flex space located?
The property is located at 4308 Highway 90 East New Iberia, LA.
What are key features of this property?
This property features: 10,000 SF industrial/office building with **8,000 SF of office space** and 2,000 SF of warehouse space.; Large, stabilized yard area suitable for equipment and vehicle storage.; Located on Hwy. 90 in New Iberia with two ingress/egress points.
