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    1110 Unifab Rd New Iberia, LA 70560

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    1110 Unifab Rd New Iberia, LA 70560

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    • Business parks
    • 73,998 SF
    For Sale
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    Flex Space at Port of Iberia For Sale
    Contact for pricing
    73,998 SF

    Flex Space at Port of Iberia

    73,998 SF flex space for purchase or lease.

    1110 Unifab Road, New Iberia, LA 70560
    View Listing
    Property ID
    US36-1715190
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parker Drilling / Construction Company / General Contractor

    Property Details for 1110 Unifab Rd

    Property size
    73,998 SF
    Property type
    Business parks
    Property subtype
    Distribution centers

    Description

    This exceptional 73,998-square-foot industrial property, located at 1110 Unifab Road in New Iberia, Louisiana (zip code 70560), presents a significant opportunity. The single-tenant building offers a versatile layout ideal for various industrial uses. The property features approximately 50,543 square feet of office space and approximately 25,315 square feet of warehouse space, strategically situated near the Port of Iberia. Office amenities include a first-floor reception/lobby, approximately 140 individual offices, two kitchens, two conference rooms, a gym with locker rooms, four restrooms, and several storage rooms. The warehouse boasts an impressive 25-foot eave height, five overhead doors, and two 5-ton bridge cranes, enhancing operational efficiency. The property is offered with a Net Net Net (NNN) lease, making it an attractive investment opportunity. The property's APN is 0103849308. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. This property is a rare find in the New Iberia market, combining substantial office and warehouse space with prime location advantages.

    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
    State
    Louisiana
    Longitude
    -91.8565267
    Latitude
    29.942611

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      Flex Space at Port of Iberia

      73,998 SF flex space for purchase or lease.
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    Similar Nearby for Lease

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      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
      18,420 SF

      Waterfront Commercial Property in New Iberia

      3-acre commercial property with multiple metal buildings for lease.
      4911 S Lewis St, New Iberia, LA 70560
      View Details
    • $775,000
      14,995 SF

      Versatile Industrial Property Near HWY 90

      Industrial property with office space, warehouse, and paved yard.
      7914 Highway 90 W, New Iberia, LA 70560
      View Details
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      24,903 SF

      Versatile Commercial Space in New Iberia

      Lease space available at the Port of Iberia.
      4703 S Lewis St, New Iberia, LA 70560
      View Details
    • $3,000 /Mo

      Waterfront Flex Space For Lease

      Flex space with waterfront access, multiple buildings, and ample acreage.
      4911 Lewis St, New Iberia, LA 70560
      View Details
    • $198,000
      5,000 SF

      Office Warehouse Space Available

      5,000 sq ft office warehouse with ample parking.
      706 Weldon St, New Iberia, LA 70560
      View Details
    View Listing
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    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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    1110 Unifab Rd, New Iberia, LA, 70560

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