Sign Up Successful!
You now have access to more from Realmo!
    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 Ave, Unit lot Tract 1 Abbeville, LA 70510

    Sponsored
    For Sale
    $1,233,750

    COMMERCIAL - Abbeville, LA

    Lot size:
    1.50 Acres
    Days on Market:
    25
    Last Refresh:
    Feb 26 at 9:06 am

    Property Features for 540 Park/Hwy 167 Ave

    General Information

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

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Robert Crouchet
    Robert Crouchet

    The Gleason Group (337) 262-7873

    Listing agent Robert Crouchet License #47346

    Listing date Feb 2, 2026

    MLS# 24005840

    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.

    Learn more

    Property Insight Report

    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

    • $84,550
      1,295 SF

      Commercial Building in High-Traffic Area

      Concrete building suitable for retail or office in Abbeville, LA.
      1004 Coulee Kinney Dr, Abbeville, LA 70510
      View Details
    • New
      $149,500
      1,904 SF

      Turnkey Duplex in Abbeville, LA

      Income-producing duplex with updated interiors and stable cash flow.
      807 E Vermilion St, Abbeville, LA 70510
      View Details
    • $175,000
      3,000 SF

      Abbeville Drive-In Restaurant For Sale

      Drive-in restaurant with living quarters on a busy street.
      901 Charity St, Abbeville, LA 70510
      View Details
    • $100,000
      1,897 SF

      Abbeville Triplex Investment Property

      Fully rented triplex in Abbeville, Louisiana.
      118 N Guegnon St, Abbeville, LA 70510
      View Details
    • $775,000

      Highway 167 Commercial Property

      Commercial property on 1.63 acres, Highway 167, Abbeville.
      7720 Us-167, Abbeville, LA
      View Details
    • $4,340,000
      34,125 SF

      Retail Property on Veterans Memorial

      Retail property available for sale on Veterans Memorial Drive.
      3013 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • $525,000
      30,000 SF

      30,000 SF Pavilion on 5 Acres

      Pavilion-style building ideal for storage, logistics, and warehousing.
      1100 N Airport Rd, Abbeville, LA 70510
      View Details
    • Contact for pricing
      2,016 SF

      New Starbucks with Drive-Thru

      New construction Starbucks with drive-thru and corporate guarantee.
      2207 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • $1,600,000
      22,420 SF

      Simple Storage in Abbeville Retail

      Value-add self-storage facility in Lafayette MSA with conversion opportunity.
      2211 Richard St, Abbeville, LA 70510
      View Details
    • $348,000
      3,152 SF

      Versatile Colonial Property in Abbeville

      Renovated two-story commercial property with flexible layout and modern amenities.
      509 E Saint Victor St, Abbeville, LA 70510
      View Details
    • $695,000
      Pending

      Abbeville Commercial Property on Highway

      Commercial building on 8.5 acres near Lafayette.
      7612 Us Highway 167, Abbeville, LA 70510
      View Details
    • $675,000
      3,840 SF

      Abbeville Retail/Warehouse Opportunity

      Retail and warehouse space in the heart of Abbeville.
      726 Veterans Memorial Dr, 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 Ave, Unit 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
    Request Owner's contact information
    540 Park/Hwy 167 Ave, Unit lot Tract 1 Abbeville, LA 70510
    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.
    540 Park/Hwy 167 Ave, Unit lot Tract 1
    Abbeville, LA 70510
    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
    540 Park/Hwy 167 Ave, Unit lot Tract 1 Abbeville, LA 70510
    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

    We can help!
    Listing Contact
    Robert Crouchet
    Robert Crouchet
    Real Estate License ID: 47346
    (337) 781-6614 (337) 769-0498 (337) 541-1155
    Learn more
    Google sign-in failed. Please try again or use another login method.