Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    540 Park/Hwy 167 Avenue lot Tract 1 Abbeville, LA 70510

    View on Map
    Claim this Listing
    Pending
    $1,233,750

    COMMERCIAL - Abbeville, LA

    Lot size:
    1.50 Acres
    Added:
    Jun 18, 2024
    Days on Market:
    667
    Last Refresh:
    Apr 15 at 1:06 am

    Property Features for 540 Park/Hwy 167 Avenue lot Tract 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Pending
    APN
    Ra283200
    Lot size
    1.50 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Robert Crouchet
    Robert Crouchet

    Listing agent Robert Crouchet License #47346

    Listing office The Gleason Group 151 Southpark Rd, Suite 401, Lafayette, LA

    Listing date Jun 18, 2024

    MLS# 24005840 Listing URL

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Corner Lot

    This prime, rare 1.5-acre commercial corner lot is available on the corner of HWY 167 and W Summers Dr/HWY 14 in Abbeville, Louisiana. The property is a highly desirable commercial corner tract with great visibility from the major intersection. It features easy access and high traffic count, making it a fantastic location for various types of businesses. This property captures tons of traffic flowing in and out of Abbeville and surrounding areas. It is located at 540 Park/Hwy 167 Avenue, lot: Tract 1, Abbeville, LA 70510. Additional land is available, creating more possibilities. This is one of the last remaining corner lots in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Abbeville
    County
    Vermilion
    State
    Louisiana
    Longitude
    -92.139126
    Latitude
    29.983581

    Nearby Similar for Sale

    • $295,000
      3,180 SF

      Charming Acadian Commercial Property

      Updated commercial property in downtown Abbeville, move-in ready this summer.
      200 S Main Street, Abbeville, LA 70510
      View Details
    • $750,000
      4,018 SF

      Highway 167 Commercial Property

      Multi-purpose commercial property on 1.63 acres with 14 offices.
      7720 Us Highway 167, Abbeville, LA 70510
      View Details
    • $339,999
      3,152 SF

      Versatile Colonial Property in Abbeville

      Two-story commercial property with endless possibilities in historic Abbeville.
      509 E Saint Victor Street, Abbeville, LA 70510
      View Details
    • $450,000
      7,500 SF

      Turn-Key Auto Repair Business

      Profitable auto repair business with high visibility location for sale.
      8431 U.S. 167, Abbeville, LA 70510
      View Details
    • $300,000

      Waterfront Commercial Land in Abbeville

      3.7 acres with 230' water frontage on Intracoastal waterway.
      2000blk La Hwy 333, Abbeville, LA 70510
      View Details
    • $144,000
      1,904 SF

      Abbeville Duplex: Income-Producing Investment

      Turnkey duplex in high-demand area, generating $1,500 monthly income.
      807 & 809 E Vermilion Street, Abbeville, LA 70510
      View Details
    • $135,000

      Abbeville Commercial Land with Pond

      3-acre lot with pond, ready for home or business.
      12211 Veterans Memorial Drive, Abbeville, LA 70510
      View Details
    • $99,000

      Abbeville Land with Shop

      4.23 acres with utilities and a 30x40 shop.
      11628 Bamboo Road, Abbeville, LA 70510
      View Details
    • $75,000

      Commercial Lot in Abbeville, LA

      Highly visible corner lot near restaurants and shopping.
      N State Street lot: J, Abbeville, LA 70510
      View Details
    • $69,500

      Commercial Land in Abbeville, LA

      1.76 acres of commercial land between Erath and Abbeville.
      Veterans Memorial Drive lot: 3, Abbeville, LA 70510
      View Details
    • $80,000

      Abbeville Commercial Lot For Sale

      Clear, accessible lot suitable for residential or commercial development.
      107 E Martin Luther King Junior Drive lot: 1, Abbeville, LA 70510
      View Details
    • $230,000
      2,900 SF

      Abbeville Multifamily Property For Sale

      Multifamily property in Abbeville, Louisiana, totaling 2,900 square feet.
      209 N Saint Charles Street, Abbeville, LA 70510
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible 1.5-acre commercial corner lot in Abbeville, LA.
    Where is this commercial land located?
    The property is located at 540 Park/Hwy 167 Avenue lot Tract 1 Abbeville, LA.
    What is the asking price?
    The asking price for this property is $1,233,750.
    What are key features of this property?
    This property features: Prime 1.5 acre commercial corner lot; Located on the corner of HWY 167 and W Summers Dr/HWY 14; High traffic count and great visibility
    (337) 781-6614
    We can help!
    Listing Contact
    Robert Crouchet
    Robert Crouchet
    Real Estate License ID: 47346
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!