Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Old Spanish Trl Hwy New Iberia, LA 70560

    • Commercial land
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1543813
    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 land

    Property Details for Old Spanish Trl Hwy

    Lot size
    1.00 lot acres
    Property type
    Commercial land
    APN
    1970004243
    APU
    1970004243

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Saint Martin
    State
    Louisiana
    Longitude
    -91.8976
    Latitude
    30.0791
    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
    $310
    $3,000
    $0.00
    $3,000
    -
    $30,000
    $0.00
    $30,000

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Admiral Doyle Dr

      VACANT COMMERCIAL LAND • 1.00 Acre
      Admiral Doyle Dr, New Iberia, LA 70560
      View Details
    • Value Estimation by Request
      2.00 Acres

      254 Main St

      VACANT COMMERCIAL LAND • 2.00 Acres
      254 Main St, New Iberia, LA 70560-3735
      View Details
    • Value Estimation by Request
      1.00 Acre

      415 Ctr St

      VACANT COMMERCIAL LAND • 1.00 Acre
      415 Ctr St, New Iberia, LA 70560-4500
      View Details
    • Value Estimation by Request
      1.00 Acre

      2919 Old Spanish Trl

      VACANT COMMERCIAL LAND • 1.00 Acre
      2919 Old Spanish Trl, New Iberia, LA 70560-9101
      View Details
    • Value Estimation by Request
      0.60 Acres

      Import Dr

      Land • 0.60 Acres
      0 Import Dr, New Iberia, LA 70560
      View Details
    • Value Estimation by Request

      Norris Rd

      Farms
      0 Norris Rd, New Iberia, LA 70560
      View Details

    Similar Nearby for Sale

    • $73,500
      1.00 Acre

      Commercial Lot Near Highway 90

      One-acre commercial lot near new solar development and Westgate High.
      2412 Jefferson Island Rd, New Iberia, LA 70560
      View Details
    • $132,000
      0.50 Acres

      Commercial Land in New Iberia

      Commercial land available for small business development.
      000 W Admiral Doyle Dr, New Iberia, LA 70560
      View Details
    • $550,000
      12.64 Acres

      Highway 90 Commercial Land

      12.64 acres of commercial land with highway visibility.
      6206-6210 Highway 90 W, New Iberia, LA 70560
      View Details
    • $99,000
      1.79 Acres

      Bayou Side Acreage in New Iberia

      1.79 acres on Bayou Teche, suitable for commercial/residential use.
      E Main St, New Iberia, LA 70560
      View Details
    • Contact for pricing

      Commercial Lot on Admiral Doyle

      Commercial land with 60-foot frontage, suitable for small business.
      716 Admiral Doyle Dr, New Iberia, LA 70560
      View Details
    • $275,000

      Highway 90 Land Parcel

      6.32 acre commercial land with high visibility on Highway 90.
      6210 Highway 90 E, New Iberia, LA 70560
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      6,120 SF

      Warehouse, Office, and Laydown Yard

      Warehouse, office space, and laydown yard available for rent.
      3001 Fairchild Dr, New Iberia, LA 70560
      View Details
    • $3,000 /Mo
      18,420 SF

      Waterfront Industrial Property for Lease

      3-acre waterfront industrial property with multiple buildings for lease.
      4911 S Lewis St, New Iberia, LA 70560
      View Details
    • $15 SF/Yr
      7,800 SF

      Industrial Property with Stabilized Yard

      Industrial property in New Iberia with fenced, stabilized yard.
      1112 Highway 90 E, New Iberia, LA 70560
      View Details
    • $21 SF/Yr
      6,840 SF

      Prime New Iberia Office Suites

      Modern, flexible spaces, 118 sq ft+
      222 Main St, New Iberia, LA 70560
      View Details
    • $1.52 SF/Yr
      4,032 SF

      Prime Retail Space, New Iberia

      High-traffic location, 4,032 sq ft.
      1116 Center St, New Iberia, LA 70560
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center with anchor tenants.
      1002 Jefferson Ter, New Iberia, LA 70560
      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.
    Old Spanish Trl Hwy
    New Iberia, LA 70560
    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

    Google sign-in failed. Please try again or use another login method.