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Property profile & analytics

900 Admiral Doyle Dr New Iberia, LA 70560

  • Commercial real estate
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US36-1279442
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

  • Hobby Lobby / (Bike/Boat/Book/etc) Store
  • Rouses Market / Grocery & Convenience Store / Food Market
  • Ross Dress for Less / Clothing Store / Department Store
  • Mattress Firm Shops at New Iberia / Furniture & Home Goods
  • Verizon / Telecommunications Service

Property Details for 900 Admiral Doyle Dr

Property type
Commercial real estate
APN
15 00811991I
APU
1500811991I

Description

This exceptional investment opportunity presents a 7,572-square-foot, three-tenant retail pad building in New Iberia, Louisiana. The property, built in 2023, boasts a strong tenant lineup including Verizon Wireless, Mattress Firm, and Zeus Mediterranean Kitchen, all operating under long-term NNN leases with built-in rent increases. The property features a 7.00% cap rate and a Net Operating Income (NOI) of $258,275, with an asking price of $3,690,000 ($487.32/SF). Situated on a 1.15-acre lot (APN: 05 03908972A) in a high-traffic location at 900 E Admiral Doyle Dr (zip code 70560), this Class A property benefits from its proximity to major retailers such as Hobby Lobby, Rouses Market, and Ross Dress for Less. The property's strategic location within a thriving retail corridor ensures high visibility and consistent foot traffic. The NNN lease structure minimizes landlord responsibilities, while the strong creditworthiness of the tenants provides financial stability. This is a turnkey investment opportunity with significant potential for long-term growth and return. The permitted zoning is Commercial. High daily traffic counts on South Lewis Street (23,000 vehicles) and Admiral Doyle Drive (21,000 vehicles) further enhance the property's desirability. Over 74,000 people reside within a ten-mile radius, providing a substantial customer base.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
New Iberia
County
Iberia
State
Louisiana
Longitude
-91.8232
Latitude
29.9855
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
$22,239
$0.00
$244,630
$244,630
-
$0.00
$1,630,867
$1,630,867
More about this property
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