Fenced Flex Space with
For Sale
$275,000
911 Weeks Island Rd, New Iberia, LA 70560
Versatile commercial space combines offices, adaptable work areas, warehouse capacity, and two access points.
Property Size4,412 SF
Price / SF$62.33
Days on Market231
Property Features for 911 Weeks Island Rd
General Information
Standard status
Active
Size
4,412 SF
Property subtype
Industrial
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
1,932 SF
Office Build-Out
2,480 SF
Amenities
kitchen/break room
Water
Natural Gas
Listing Agency:
Compass Lafayette
(337) 233-9541
Listed By:
Brennan Billeaud · License #SALE.69755-ACT
(337) 233-9541
Source:
Lacdb.resimplifi
Added: Jan 12
Changed: Aug 29
Last Checked: Aug 31 at 1:51PM
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 Compass Lafayette
Investment Insights
Based on property information with market context.
This C-1-zoned flex property contains 4,412 SF, including approximately 2,480 SF of office space and 1,932 SF of warehouse area. The office component includes three private offices, a kitchen and break room, plus two open flex areas suited to workstations, training, or conference use. The warehouse provides two roll-up doors and an upstairs storage area, while a 46'x18' exterior canopy adds covered space for loading, storage, or daily operations.
The fully fenced lot offers access from Weeks Island Road and the rear property line along Inez Road. The property is in New Iberia near Hwy 90, with a layout that brings administrative, flexible-use, and warehouse functions together in one facility.
The fully fenced lot offers access from Weeks Island Road and the rear property line along Inez Road. The property is in New Iberia near Hwy 90, with a layout that brings administrative, flexible-use, and warehouse functions together in one facility.
Key Highlights
- 4,412 SF total with approximately 2,480 SF office and 1,932 SF warehouse space
- Three private offices, kitchen/break room, and two large flex areas
- Warehouse includes two roll‑up doors and an upstairs storage area
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
$22,922
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
8.34%
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%
$458,440
$458.4K
Cap Rate 7%
$327,457
$327.5K
Cap Rate 9%
$254,689
$254.7K
Market Conditions
NOI Build-Up for 4,412 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
$34.3K $7.78/SF
− Vacancy
−$1.6K −$0.36/SF
EGI
$32.7K $7.42/SF
− OpEx
−$9.8K −$2.23/SF
NOI
$22.9K $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 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%
$458,440
Cap Rate 7%
$327,457
Cap Rate 9%
$254,689
Alternative Uses
Best Use
Office B
$531.0K
$464.6K – $619.5K
NOI $37,167 @ 7.0% cap · market cap 13.52%
Second Best
Warehouse
$397.6K
$347.9K – $463.9K
NOI $27,834 @ 7.0% cap · market cap 10.12%
Theoretical Best
Office A
$729.7K
$638.5K – $851.3K
NOI $51,080 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial space combines offices, adaptable work areas, warehouse capacity, and two access points.
Where is this flex space located?
The property is located at 911 Weeks Island Rd New Iberia, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4,412 SF total with approximately 2,480 SF office and 1,932 SF warehouse space; Three private offices, kitchen/break room, and two large flex areas; Warehouse includes two roll‑up doors and an upstairs storage area
