Industrial Space Near Highway
For Sale
Contact for pricing
7904 W Highway 90, New Iberia, LA 70560
3,000 SF warehouse with 1.62 acres near Highway 90.
Property Size6,791 SF
Lot Size1.62 Acres
Price / SF$58.90
Days on Market743
Property Features for 7904 W Highway 90
General Information
Standard status
Active
Size
6,791 SF
Lot size
1.62 Acres
Property subtype
Office, Industrial
Lease Type
NNN
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
NAI Rampart
(337) 504-5349
Listed By:
Jeremy Harson, CCIM · License #LA75901
Source:
Crexi
Added: Aug 20, 2024
Changed: Aug 21
Last Checked: Aug 28 at 8:14PM
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 NAI Rampart
Investment Insights
Based on property information with market context.
This industrial property, located off Highway 90 West towards New Iberia, Louisiana, features a 3,000 square foot warehouse. The warehouse includes a washing station, three roll-up doors, and a small office. The property also offers ample parking and approximately 1.62 acres of land. This space is suitable for a variety of business requirements due to its versatile layout and prime industrial location.
Key Highlights
- Prime industrial location directly off HWY 90 West.
- 3,000 sq ft warehouse with washing station.
- Includes approximately 1.62 acres of land.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$705,660
$705.7K
Cap Rate 7%
$504,043
$504.0K
Cap Rate 9%
$392,033
$392.0K
Market Conditions
NOI Build-Up for 6,791 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.8K $7.78/SF
− Vacancy
−$2.4K −$0.36/SF
EGI
$50.4K $7.42/SF
− OpEx
−$15.1K −$2.23/SF
NOI
$35.3K $5.20/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$705,660
Cap Rate 7%
$504,043
Cap Rate 9%
$392,033
Alternative Uses
Best Use
Warehouse
$612.0K
$535.5K – $714.1K
NOI $42,843 @ 7.0% cap · market cap 10.71%
Second Best
Industrial
$504.0K
$441.0K – $588.1K
NOI $35,283 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,623 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,000 SF warehouse with 1.62 acres near Highway 90.
Where is this warehouse located?
The property is located at 7904 W Highway 90 New Iberia, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime industrial location directly off HWY 90 West.; 3,000 sq ft warehouse with washing station.; Includes approximately 1.62 acres of land.
