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    Land Sites in Youngsville Title is generated by Realmo AI

    700 Iberia St, Youngsville, LA 70592

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    Prime commercial land for sale in Youngsville's retail corridor.

    Type:Land
    Added:
    Apr 17, 2024
    Days on Market:
    779
    Last Refresh:
    May 12 at 11:55 pm

    Property Features for 700 Iberia St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Diana Stephens

    Listing agent Diana Stephens License #LA

    Listing office SCOUT Real Estate Company

    Listing date Apr 17, 2024

    Source Crexi

    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 SCOUT Real Estate Company

    HighLights

    • High‑traffic location across from Youngsville Sports Complex, attracting approximately 850,000 visitors annually.
    • Development sites available in the rapidly growing Chemin Metairie Pkwy retail corridor.
    • Multiple tracts available, ranging from 0.5 acres to 13.3554 acres, with subdivision options.
    • Proximity to Sugar Mill Pond and Rouses Supermarket.
    • Located within 1.5 miles of 8 schools with approximately 7,500 students.
    • Phase II expansion of Youngsville Sports Complex underway, adding an amphitheater, pickleball courts, and baseball fields, expected completion July 2024.

    Overview

    Available for sale are three Sugar Mill Pond sites located in Youngsville's Chemin Metairie Parkway retail corridor. The first site, located at 700 BLK IBERIA ST, offers between 0.5 and 6.965 acres, and can be subdivided. The second site, located at 700 BLK SAVOY RD, offers 8.672 acres and can be subdivided. The third site, located at 1900 BLK CHEMIN METAIRIE PKWY, offers 13.3554 acres and can be subdivided. Each site is located across the street from the Youngsville Sports Complex, which hosts approximately 850,000 yearly visitors. Phase I of the complex spans 70 acres and includes baseball fields, softball fields, beach volleyball courts, tennis courts, a recreational center with basketball courts, soccer fields, and a splash park. Phase II, a 47-acre expansion featuring an amphitheater, outdoor pickleball courts, and collegiate baseball fields, is currently under construction with an expected completion date of July 2024. The sites are near Rouses Supermarket and Sugar Mill Pond. Additionally, the location is within a 1.5-mile radius of eight schools with approximately 7,500 enrolled students. Acadiana Renaissance Charter Academy is expected to add approximately 1,000 students by August 2024-2025, upon completion of a new high school building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngsville
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0045255
    Latitude
    30.1022696

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land for sale in Youngsville's retail corridor.
    Where is this commercial land located?
    The property is located at 700 Iberia St Youngsville, LA.
    What are key features of this property?
    This property features: High‑traffic location across from Youngsville Sports Complex, attracting approximately 850,000 visitors annually.; Development sites available in the rapidly growing Chemin Metairie Pkwy retail corridor.; Multiple tracts available, ranging from 0.5 acres to 13.3554 acres, with subdivision options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Diana Stephens
    Real Estate License ID: LA
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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.

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    700 Iberia St, Youngsville, LA 70592
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