Commercial Building on Admiral
For Sale
Contact for pricing
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 Market872
Property Features for 3019 W Admiral Doyle Dr
General Information
Standard status
Active
Size
17,800 SF
Property subtype
Industrial, Self Storage
Zoning
I-1
Investment Type
Owner/User
Building Details
Year Renovated
2023
Buildings
3
Stories
1
Tenancy
Single
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Bart Broussard · License #LA R0842
Source:
Crexi
Added: Apr 12, 2024
Changed: Aug 17
Last Checked: Aug 31 at 3:39AM
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 = 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
$184,230
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
6.90%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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?
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
