Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    900 Admiral Doyle Dr New Iberia, LA 70560

    Sponsored
    For Sale
    $3,690,000

    7,572 SF, 3-Tenant NNN Retail Pad

    Property size:
    7,572 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional investment opportunity presents a 7,572-square-foot, three-tenant retail pad building in New Iberia, Louisiana. The property, built in 2023, boasts a strong tenant lineup including Verizon Wireless, Mattress Firm, and Zeus Mediterranean Kitchen, all operating under long-term NNN leases with built-in rent increases. The property features a 7.00% cap rate and a Net Operating Income (NOI) of $258,275, with an asking price of $3,690,000 ($487.32/SF). Situated on a 1.15-acre lot (APN: 05 03908972A) in a high-traffic location at 900 E Admiral Doyle Dr (zip code 70560), this Class A property benefits from its proximity to major retailers such as Hobby Lobby, Rouses Market, and Ross Dress for Less. The property's strategic location within a thriving retail corridor ensures high visibility and consistent foot traffic. The NNN lease structure minimizes landlord responsibilities, while the strong creditworthiness of the tenants provides financial stability. This is a turnkey investment opportunity with significant potential for long-term growth and return. The permitted zoning is Commercial. High daily traffic counts on South Lewis Street (23,000 vehicles) and Admiral Doyle Drive (21,000 vehicles) further enhance the property's desirability. Over 74,000 people reside within a ten-mile radius, providing a substantial customer base.

    Property Features for 900 Admiral Doyle Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,572 SF
    Class
    A
    Lot Size
    50,094 SF

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Scott DeYoung
    Scott DeYoung

    Learn more

    Property Insight Report

    HighLights

    • $3,690,000 asking price for a 7,572 SF retail pad in New Iberia, LA.
    • Triple‑net (NNN) leased to Verizon Wireless, Mattress Firm, and Zeus Mediterranean.
    • Brand new (2023) construction with long‑term leases and built‑in rent increases.
    • 7.00% cap rate and $258,275 NOI.
    • Located in a high‑traffic shopping center anchored by Rouses, Hobby Lobby, and Ross.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hobby Lobby Craft Store Rouses Market Grocery Store Ross Dress for Less Clothing Store Mattress Firm Shops ... Mattress Store Verizon Telecommunications Service Provider

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia Parish
    State
    Louisiana
    Longitude
    -91.821764739073
    Latitude
    29.984947917845

    Nearby Similar for Sale

    • $480,000
      6,310 SF

      Established Business in High-Traffic Location

      Thriving business opportunity with excellent visibility and loyal customer base.
      1312 W Admiral Doyle Dr, New Iberia, LA 70560
      View Details
    • $399,000
      4,121 SF

      Downtown New Iberia Office Building

      Income-producing office building in historic downtown New Iberia, Louisiana.
      134 E Main St, New Iberia, LA 70560
      View Details
    • $399,000
      5,315 SF

      Waterfront Mixed-Use Property on Spanish Lake

      Unique waterfront property suitable for residential or commercial use.
      4300 W Old Spanish Trl, New Iberia, LA 70560
      View Details
    • $199,000
      4,500 SF

      New Iberia Multifamily Opportunity

      Multifamily property with potential for renovation and redevelopment in New Iberia.
      1125-1127 Jane St, New Iberia, LA 70560
      View Details
    • New
      $195,000
      1,200 SF

      Former Doctor's Office For Sale

      ADA-compliant office in Loreauville with expansion potential.
      1302 Ed Broussard Rd, New Iberia, LA 70563
      View Details
    • $250,000
      2,450 SF

      New Iberia Multifamily Investment Property

      Cash-flowing, turnkey investment property with two spacious, updated units.
      1534 S Patout St, New Iberia, LA 70560
      View Details
    • $295,000
      13,230 SF

      New Iberia Industrial Facility

      Large industrial facility with nursery on 3.5+ acres.
      4806 E Old Spanish Trl, New Iberia, LA 70560
      View Details
    • $335,000
      5,196 SF

      Renovated Historic Downtown Office Building

      Beautifully renovated historic office building in downtown New Iberia.
      103 E Main St, New Iberia, LA 70560
      View Details
    • $415,000
      4,018 SF

      Remodeled Commercial Building in Downtown

      Income-generating, remodeled commercial property in a historical downtown building.
      145 W Main St, New Iberia, LA 70560
      View Details
    • $220,000
      0.50 Acres

      Retail Property in New Iberia

      Retail property with commercial kitchen and convenience store.
      1106 Trotter St, New Iberia, LA 70563
      View Details
    • $670,000
      5,712 SF

      Turnkey 12-Plex in Opportunity Zone

      Fully renovated 12-unit complex in New Iberia, Louisiana.
      314 Deare St, New Iberia, LA 70560
      View Details
    • $192,000
      7,150 SF

      Versatile Commercial Property in New Iberia

      Adaptable commercial space suitable for various business ventures.
      315 Weeks St, New Iberia, LA 70560
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 7,572 SF, 3-Tenant NNN Retail Pad
    Where is this individual retail property located?
    The property is located at 900 Admiral Doyle Dr New Iberia, LA.
    What is the asking price?
    The asking price for this property is $3,690,000.
    What are key features of this property?
    This property features: $3,690,000 asking price for a 7,572 SF retail pad in New Iberia, LA.; Triple-net (NNN) leased to Verizon Wireless, Mattress Firm, and Zeus Mediterranean.; Brand new (2023) construction with long-term leases and built-in rent increases.
    Request Owner's contact information
    900 Admiral Doyle Dr New Iberia, LA 70560
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    900 Admiral Doyle Dr
    New Iberia, LA 70560
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    900 Admiral Doyle Dr New Iberia, LA 70560
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott DeYoung
    Scott DeYoung
    Real Estate License ID: CA 01889050
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.