Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Troy Rd New Iberia, LA 70563
    Back to Search
    Property profile & analytics

    Troy Rd New Iberia, LA 70563

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

    Current Use by Public Records

    • Land

    Property Details for 0 Troy Rd

    Property type
    Land

    Description

    This exceptional 70563 New Iberia, Louisiana residential land parcel presents a unique opportunity to build your dream home. Priced at $137,000, this vacant lot offers a peaceful retreat while enjoying convenient access to city amenities. Located on Troy Road in Iberia Parish, the property is ideally situated just minutes from Highway 90, providing effortless commutes and easy access to the vibrant city of New Iberia. Residents will appreciate the proximity to a variety of shops and restaurants, ensuring a lifestyle of both convenience and tranquility. The property's location offers the best of both worlds: a serene setting combined with the ease and excitement of nearby urban conveniences. This is a prime piece of land ready for development, perfect for those seeking a blend of peaceful living and urban accessibility. The latitude and longitude coordinates are 30.028752890923602, -91.78675556040724 respectively. The zip code is 70563. This is a truly remarkable opportunity to create your ideal home in a desirable Louisiana location. Don't miss out on this chance to build your dream home in this exceptional setting.

    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 Parish
    State
    Louisiana
    Longitude
    -91.7868
    Latitude
    30.0288

    Comparable in this City

    • Value Estimation by Request

      Daniel Ln

      Land
      0 Daniel Ln, New Iberia, LA 70563
      View Details
    • Value Estimation by Request
      147.24 Acres

      418 Sugar Mill Rd

      Land • 147.24 Acres
      418 Sugar Mill Rd, New Iberia, LA 70563
      View Details
    • Value Estimation by Request
      230.00 Acres

      5206 Lk Dauterive Rd

      Land • 230.00 Acres
      5206 Lk Dauterive Rd, New Iberia, LA 70563
      View Details
    • Value Estimation by Request
      0.09 Acres

      215 Henry St

      COMMERCIAL (GENERAL) • 0.09 Acres
      215 Henry St, New Iberia, LA 70563-2403
      View Details
    • Value Estimation by Request

      2406 Little Fox Run

      COMMERCIAL (GENERAL)
      2406 Little Fox Run, New Iberia, LA 70563-3189
      View Details
    • Value Estimation by Request

      2317 Bell Church Rd

      RECREATIONAL, ENTERTAINMENT
      2317 Bell Church Rd, New Iberia, LA 70563
      View Details

    Similar Nearby for Sale

    • $86,000
      Pending

      Land on Bayou Teche

      2.43 acres in New Iberia, unrestricted with mature trees.
      4010 Northside S R 7 Rd, New Iberia, LA 70563
      View Details
    • $36,000
      Pending

      Residential Land in New Iberia

      Large country lot suitable for mobile homes in New Iberia.
      909 Oakcrest Blk Dr, New Iberia, LA 70563
      View Details
    • New
      $975,000
      7.00 Acres

      Versatile Commercial Space on Bayou Teche

      Landmark commercial site with industrial heritage and waterfront access.
      6402 Daspit Rd, New Iberia, LA 70563
      View Details
    • New
      $60,000
      0.20 Acres

      Residential Lot in Gated Community

      Residential lot for sale in a private, gated community.
      Steamboat Bnd Blvd, New Iberia, LA 70563
      View Details
    • $58,000
      1.36 Acres

      Residential Lot Near Bayou Teche

      Residential lot near New Iberia, Lafayette, and St. Martinville.
      Daniel Ln, New Iberia, LA 70563
      View Details
    • $33,000
      0.37 Acres

      Residential Lot Near Golf Course

      0.37 acre residential lot near Squirrel Run Golf course.
      P4 P5, New Iberia, LA 70563
      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.
    Troy Rd
    New Iberia, LA 70563
    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
    Troy Rd, New Iberia, LA, 70563
    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!