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    Labit Rd New Iberia, LA 70560

    Sponsored
    For Sale
    $200,000

    Versatile 4.66-acre tract near Hwy 90.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 4.66-acre property, located in Broussard, Louisiana, presents a unique investment opportunity. Situated near Highway 90, it offers convenient access to essential amenities such as grocery stores, restaurants, and hospitals. The property's zoning permits commercial, farm, and residential uses, providing exceptional flexibility for potential development. Its unrestricted nature allows for a wide range of possibilities, from industrial projects to a tranquil residential setting. The land's proximity to Forum Drive in Broussard (approximately 1200 feet) further enhances its appeal for industrial development. The asking price is $200,000, translating to approximately $42,918 per acre. The property's address is Labit Rd, Broussard, LA 70560, with GPS coordinates of 30.0666288 latitude and -91.922885 longitude. Any existing lease on the property expires on April 10, 2025. This versatile land parcel offers significant potential for a variety of uses, making it an attractive investment in a desirable location.

    Property Features for 0 Labit Rd

    General Information

    Property type
    Farms
    Lot Size
    202,990 SF

    HighLights

    • $200,000 asking price for 4.66 acres of land.
    • Located in Broussard, LA, near Hwy 90, with convenient access to amenities.
    • Zoned for Commercial, Farm, and Residential use; unrestricted.
    • $42,918 per acre land value.
    • Lease expires April 10, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.922885
    Latitude
    30.0666288

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    FAQs

    What type of property is this?
    Farm - Versatile 4.66-acre tract near Hwy 90.
    Where is this farm located?
    The property is located at Labit Rd New Iberia, LA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: $200,000 asking price for 4.66 acres of land.; Located in Broussard, LA, near Hwy 90, with convenient access to amenities.; Zoned for Commercial, Farm, and Residential use; unrestricted.
    Request Owner's contact information
    Labit Rd New Iberia, LA 70560
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    New Iberia, LA 70560
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    Realmo Value Estimation

    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.

    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.

    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
    Labit Rd New Iberia, LA 70560
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