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    Property profile & analytics

    1116 Center St New Iberia, LA 70560

    • Commercial real estate
    • 0.27 lot acres
    For Lease
    View listing
    $1,600 /Mo
    Value Estimation
    $200,000
    Location Intelligence
    Property ID
    US36-0793736
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1116 Center St

    Lot size
    0.27 lot acres
    Property type
    Commercial real estate
    APN
    05 03830500
    APU
    503830500

    Description

    This exceptional 4,032 square foot free-standing retail building is ideally situated on Center Street in New Iberia, Iberia Parish, Louisiana. Boasting excellent visibility and high traffic counts due to its location on a four-lane road, this single-tenant property presents a remarkable opportunity for businesses seeking a prominent presence in a thriving community. Currently, 2,440 square feet of space is available for lease, offering ample room for a variety of retail ventures. The building sits on a 0.27-acre lot and is a single-story structure. Its previous occupant was Mouton's Electrical Sales and Service, demonstrating its suitability for a range of commercial uses. The property's prime location ensures high visibility and accessibility for customers, making it an attractive proposition for businesses aiming to establish a strong foothold in the New Iberia market. The building's size and layout offer flexibility for customization to meet specific business needs. This is a rare opportunity to acquire a well-positioned retail space in a desirable location. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.8285
    Latitude
    29.9945
    CBSA code
    29180
    CBSA name
    LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,128
    $2,223
    $21,187
    $23,410
    -
    $22,230
    $164,527
    $186,757

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    1116 Center St
    New Iberia, LA 70560
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    Realmo Value Estimation

    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.

    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.

    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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