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    312 Highway 90 New Iberia, LA 70560

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    For Lease
    Contact for pricing

    New Iberia industrial warehouse, high visibility.

    Lot size:
    4,800 SF

    Property Features for 312 Highway 90

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,800 SF
    Total Rate
    3000

    Building Details

    Year Built/Renovated
    2003/2008
    Buildings
    2
    Stories
    1

    Spaces For Lease

    at 312 Highway 90, New Iberia, LA 70560 Contact us
    Unit Suite 1

    $7 /Mo

    Size
    4,800 SF
    Contact us

    We can help!

    Listing Contact
    John Monteleone, Ccim
    John Monteleone, Ccim

    Listing Agency: NAI/Latter & Blum Listing Agent: John Monteleone, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional New Iberia, Louisiana industrial property boasts a 4,800-square-foot warehouse ideally situated on US Highway 90 East. The single-tenant building, constructed in 2003 and renovated in 2008, features a 14-foot ceiling height, two drive-in doors, and ample parking for twelve vehicles. The warehouse also includes a small office area with two restrooms, ready for air conditioning installation. Situated on a 1.65-acre lot, the property includes an additional 2,200-square-foot duplex. One side of the duplex is move-in ready with appliances and HVAC, offering potential rental income of $800 per month. The other side is unfinished, providing versatile space for storage, warehousing, or potential conversion into additional living quarters or office space. The property's zoning is Industrial I-1. The high-traffic location on Highway 90 (future I-49), with over 33,700 vehicles per day, offers exceptional visibility. Its proximity to Avery Island Road, where a planned eastbound exit off Highway 90 is anticipated, further enhances its strategic value. Access is convenient via Exit 129 off Highway 90, taking the northbound frontage road. The property's APN is 0101254000. This property presents a unique opportunity for investors seeking a combination of warehouse and potential rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.848495286709
    Latitude
    29.976358176909

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    FAQs

    What type of property is this?
    Distribution center - New Iberia industrial warehouse, high visibility.
    Where is this distribution center located?
    The property is located at 312 Highway 90 New Iberia, LA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 4,800 SF warehouse on 1.65-acre lot in New Iberia, LA, on US Highway 90 East.; Single-tenant building (2003 construction, 2008 renovation) with 14' ceilings, two drive-in doors, and 12+ parking spaces.; Includes a 2,200 SF duplex; one side is move-in ready, generating potential $800/month rental income.
    (337) 278-6444 Call to check price and availability
    Request Owner's contact information
    312 Highway 90 New Iberia, LA 70560
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    New Iberia, LA 70560
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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.

    More about this property
    312 Highway 90 New Iberia, LA 70560
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Monteleone, Ccim
    John Monteleone, Ccim
    Real Estate License ID: SALE.0000021351-ACT
    (337) 278-6444 (337) 989-1112 (337) 233-9541
    Learn more
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