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    Tool Dr New Iberia, LA 70560

    Sponsored
    For Sale
    $42,500

    .42-Acre Industrial Lot - Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.42-acre industrial land parcel presents a compelling investment opportunity in the thriving New Iberia, Louisiana market. Situated in the convenient Regal Industrial Park, this property, identified as Lot 7 on Tool Drive, boasts a prime location just minutes from Highway 90, ensuring easy access to major transportation routes. The lot is zoned I-1, allowing for a variety of industrial uses, making it ideal for businesses seeking a strategic location for expansion or new development. The address is Tool Drive, Lot 7, New Iberia, LA 70560. Its coordinates are 29.9729044 latitude and -91.8297115 longitude. This level, build-ready lot offers significant potential for immediate development, eliminating the need for extensive site preparation. The asking price for this exceptional industrial land parcel is $42,500. Given its size, location, and zoning, this property represents a rare opportunity to acquire a highly desirable industrial site in a rapidly growing area. Don't miss this chance to secure a foothold in a dynamic industrial market. Contact us today to learn more and schedule a viewing.

    Property Features for 0 Tool Dr

    General Information

    Property type
    Land
    Lot Size
    18,295 SF

    HighLights

    • $42,500 asking price for this industrial land parcel.
    • 0.42‑acre lot located in New Iberia, LA.
    • I‑1 zoning designation.
    • Situated in Regal Industrial Park, minutes from Highway 90.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.8297115
    Latitude
    29.9729044

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    FAQs

    What type of property is this?
    Land - .42-Acre Industrial Lot - Prime Location
    Where is this land located?
    The property is located at Tool Dr New Iberia, LA.
    What is the asking price?
    The asking price for this property is $42,500.
    What are key features of this property?
    This property features: $42,500 asking price for this industrial land parcel.; 0.42-acre lot located in New Iberia, LA.; I-1 zoning designation.
    Request Owner's contact information
    Tool Dr 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
    Tool Dr New Iberia, LA 70560
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