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    1202 Jefferson Ter New Iberia, LA 70560
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    1202 Jefferson Ter, New Iberia, LA 70560

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    • Neighborhood centers
    • 23,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 1202 Jefferson Ter

    Property type
    Neighborhood centers
    Property subtype
    Lifestyle centers

    Description

    New Iberia Plaza offers exceptional retail space in a thriving Walmart shadow center. This prime location boasts over 23,600 square feet of total building space, with two available units totaling 4,240 square feet of vacant space. Individual spaces range from a minimum of 1,440 square feet to a maximum contiguous space of 2,800 square feet, offering flexibility for various business needs. The center benefits from the significant traffic generated by the adjacent Walmart, which sees an impressive 3 million annual visits. This high-volume traffic extends to the surrounding retail corridor, the only high-density retail hub in New Iberia, ensuring strong visibility and customer reach. The property features strong anchor tenants, including Cato and Hibbett Sports, further enhancing its appeal and attracting a diverse customer base. The strategic location is complemented by the proximity of numerous national retailers, such as Starbucks, Walgreens, Chick-fil-A, Dollar Tree, and Smoothie King, creating a synergistic retail environment. This presents a unique opportunity for businesses seeking high visibility and access to a substantial customer base in a well-established retail center. The property's location along E Admiral Doyle Dr provides excellent accessibility and visibility for potential tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.8141
    Latitude
    29.9847

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      90/Hwy14 Development Hwy

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      90/Hwy14 Development Hwy, New Iberia, LA 70560
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      0.60 Acres

      Import Dr

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      0 Import Dr, New Iberia, LA 70560
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      11,188 SF

      1704 Lewis St

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      1704 Lewis St, New Iberia, LA 70560
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      1 SF

      Admiral Doyle Dr

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      0 Admiral Doyle Dr, New Iberia, LA 70560
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    • Value Estimation by Request
      0.60 Acres

      Import Dr

      Land
      0 Import Dr, New Iberia, LA 70560
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    • Value Estimation by Request
      85,240 SF

      1100 Main St

      Retail properties & Spaces
      1100 Main St, New Iberia, LA 70560
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    Similar Nearby for Lease

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      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center with anchor tenants.
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      Prime Retail Space, New Iberia

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      Retail Space in New Iberia

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      Retail Storefront on Center Street

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      1116 Center St, New Iberia, LA 70560
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    1202 Jefferson Ter
    New Iberia, LA 70560
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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.

    More about this property
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