Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tool Dr New Iberia, LA 70560
    Back to Search
    Property profile & analytics

    Tool Dr New Iberia, LA 70560

    View on Map
    • Land
    • 0.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tool Dr

    Lot size
    0.58 lot acres
    Property type
    Land

    Description

    This exceptional 0.58-acre commercial land parcel presents a compelling investment opportunity in the thriving Regal Industrial Park of New Iberia, Louisiana. Located conveniently near Highway 90, this property boasts an I-1 zoning designation, opening doors to a wide array of industrial uses. The asking price is $42,500, translating to an attractive price per acre of $73,275. The lot's size provides ample space for development, making it ideal for businesses seeking a strategic location with convenient access to major transportation routes. The property's address is on Tool Drive, New Iberia, LA 70560, and its precise location is identified by the Assessor's Parcel Number (APN) 0202851400X. This is a rare opportunity to acquire a well-situated industrial lot in a dynamic area, offering significant potential for growth and return on investment. The property is ready for immediate development, presenting a streamlined path to realizing your business goals. Serious inquiries are encouraged to explore this promising investment prospect further. This land offers a unique blend of accessibility, zoning flexibility, and competitive pricing, making it an exceptional choice for discerning investors and developers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia Parish
    State
    Louisiana
    Longitude
    -91.8297
    Latitude
    29.9729

    Comparable in this City

    • Value Estimation by Request
      11.00 Acres

      Old Spanish Trl

      Land • 11.00 Acres
      0 Old Spanish Trl, Jeanerette, LA 70560
      View Details
    • Value Estimation by Request
      0.60 Acres

      Tool Dr

      Land • 0.60 Acres
      0 Tool Dr, New Iberia, LA 70560
      View Details
    • Value Estimation by Request
      0.60 Acres

      Import Dr

      Land • 0.60 Acres
      0 Import Dr, New Iberia, LA 70560
      View Details
    • Value Estimation by Request
      2.32 Acres

      Bypass Hwy

      Land • 2.32 Acres
      0 Bypass Hwy, New Iberia, LA 70560
      View Details
    • Value Estimation by Request
      0.73 Acres

      Tool Dr

      Land • 0.73 Acres
      0 Tool Dr, New Iberia, LA 70560
      View Details
    • Value Estimation by Request
      2.00 Acres

      2 /- Acres Old Spanish Trl

      Land • 2.00 Acres
      2 /- Acres Old Spanish Trl, Jeanerette, LA 70560
      View Details

    Similar Nearby for Sale

    • $45,000
      0.60 Acres

      Iberia Parish Industrial Land

      0.6-acre lot in prime industrial park.
      0 Import Dr, New Iberia, LA 70560
      View Details
    • $68,000
      4.50 Acres

      New Iberia Land Opportunity

      4.5 acres of land with development potential in New Iberia.
      Lake Tasse Dr, New Iberia, LA 70560
      View Details
    • $348,480
      2.00 Acres

      Jeanerette Commercial Land

      2-Acre Commercial Tract, Prime Location
      2 /- Acres Old Spanish Trl, Jeanerette, LA 70560
      View Details
    • $42,500
      0.60 Acres

      Dover Road Medical Office Space

      Prime Wayne County Medical Office For Lease
      0 Import Dr, New Iberia, LA 70560
      View Details
    • Contact for pricing

      15.33 Acres Development Opportunity

      15.33 acres near HWY 90 and HWY 182.
      Norris Rd, New Iberia, LA 70560
      View Details
    • $150,000
      5.00 Acres

      Cleared Land on Jefferson Island

      5-acre cleared property near Rip Van Winkle Gardens.
      Jefferson Island Rd, New Iberia, LA 70560
      View Details

    Similar Nearby for Lease

    • $315,000
      2,200 SF

      Commercial Land in New Iberia

      Commercial property in New Iberia, offering versatile opportunities.
      1010 Progress St, New Iberia, LA 70560
      View Details
    • $3,000 /Mo
      261,360 SF

      Industrial Land For Lease

      6 acres of industrial land in the Port of Iberia.
      Commercial Dr, New Iberia, LA 70560
      View Details
    • New
      Contact for pricing
      18,700 SF

      Industrial Property Near Port of Iberia

      Industrial property near Port of Iberia with multiple buildings.
      3615 Kingston Rd, New Iberia, LA 70560
      View Details
    • $5 SF/Yr
      73,998 SF

      Prime Iberia Warehouse - 74,000 SF

      Spacious industrial warehouse, NNN lease, Port of Iberia access.
      1110 Unifab Rd, New Iberia, LA 70560
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial flex space available for lease in New Iberia.
      4217 S Lewis St, New Iberia, LA 70560
      View Details
    • Contact for pricing
      2,047 SF

      Retail Space in New Iberia

      Retail suite available for lease in New Iberia, Louisiana.
      722 E Admiral Doyle Dr, New Iberia, LA 70560
      View Details
    Request Owner's contact information
    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.
    Tool 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
    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

    Thank You for Inquiry
    Tool Dr, New Iberia, LA, 70560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!