Commercial Building on Admiral
For Sale
$2,670,000
3019 W Admiral Doyle Dr, New Iberia, LA 70560
Commercial building for sale or lease on W Admiral Doyle.
Property Size17,800 SF
Price / SF$150
Days on Market1173
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Property Features for 3019 W Admiral Doyle Dr
General Information
Standard status
Active
Size
17,800 SF
Property subtype
Industrial
Amenities
Water
Sewer
Listing Agency:
The Gleason Group
Listed By:
Bart Broussard · License #R0842
(337) 380-9511
Source:
Lacdb.resimplifi
Added: Jul 31, 2023
Changed: Oct 4
Last Checked: Oct 14 at 7:52PM
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 The Gleason Group
Investment Insights
Based on property information with market context.
A commercial building with 17,800 square feet of space is available for sale or lease. The property is located on W Admiral Doyle Drive.
Key Highlights
- Commercial building for sale or lease
- Located on W Admiral Doyle
- Additional property details available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,230
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,684,600
$3.7M
Cap Rate 7%
$2,631,857
$2.6M
Cap Rate 9%
$2,047,000
$2.0M
Market Conditions
NOI Build-Up for 17,800 SF
Gross rent
$320.4K $18.00/SF
− Vacancy
−$25.6K −$1.44/SF
EGI
$294.8K $16.56/SF
− OpEx
−$110.5K −$6.21/SF
NOI
$184.2K $10.35/SF
Area
Iberia County, LA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,684,600
Cap Rate 7%
$2,631,857
Cap Rate 9%
$2,047,000
Alternative Uses
Best Use
Mixed Use
$2.63M
$2.30M – $3.07M
NOI $184,230 @ 7.0% cap · market cap 6.90%
Second Best
Self Storage
$2.40M
$2.10M – $2.80M
NOI $167,761 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$2.94M
$2.58M – $3.43M
NOI $206,081 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building for sale or lease on W Admiral Doyle.
Where is this mixed-use property located?
The property is located at 3019 W Admiral Doyle Dr New Iberia, LA.
What is the asking price?
The asking price for this property is $2,670,000.
What are key features of this property?
This property features: Commercial building for sale or lease; Located on W Admiral Doyle; Additional property details available
