Flex Building with Warehouse
For Sale
$675,000
726 Veterans Memorial Drive, Abbeville, LA 70510
Commercial Sale, Abbeville, LA
Property Size3,840 SF
Lot Size0.65 Acres
Price / SF$175.78
Days on Market390
Property Features for 726 Veterans Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unzoned
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Exterior features
Door Sign, OH Door 10 - 15 Ft, OH Door < 10 Ft
Directions
Veterans Memorial Dr. Next to Motel
Subdivision
V1
Standard status
Active
APN
36668
Size
3,840 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Description
LOTS 1, 2 and 3 LASTIE BROUSSARD EXT 2016009951; and .125 acres PARCEL RA192900
Legal Description
LOTS 1, 2 and 3 LASTIE BROUSSARD EXT 2016009951; and .125 acres PARCEL RA192900
Utilities
Sewer type
Private Sewer
Heating system
Central, Electric (Heating)
Cooling system
Wall Unit(s), Central Air
Water source
Public
Building Details
Roof type
Metal, Composition
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Mark Van Eaton · License #4771
(337) 654-5700
Added: Sep 2, 2025
Changed: Sep 12
Last Checked: Sep 26 at 7:06AM
MLS# 2500002974
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.
Investment Insights
Based on property information with market context.
This 3,840-square-foot flex property sits on 0.65 acres and is currently operated as a golf cart dealership. The building includes two connected warehouse areas, creating an integrated layout for showroom, storage, and commercial operations. Overhead doors include one measuring 10–15 feet and another under 10 feet. Interior support includes three bathrooms, central air, wall-unit cooling, and central electric heating.
Located at 726 Veterans Memorial Drive in Abbeville, the property has public water and a private sewer system. The roof combines metal and composition materials, while exterior signage is provided by a door sign. The unzoned classification and combination of retail-oriented space with warehouse capacity support a range of commercial configurations, subject to applicable requirements.
Located at 726 Veterans Memorial Drive in Abbeville, the property has public water and a private sewer system. The roof combines metal and composition materials, while exterior signage is provided by a door sign. The unzoned classification and combination of retail-oriented space with warehouse capacity support a range of commercial configurations, subject to applicable requirements.
Key Highlights
- 3,840‑square‑foot flex building on 0.65 acres
- Two connected warehouse spaces
- Overhead doors measuring 10–15 feet and under 10 feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,570
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,400
$931.4K
Cap Rate 7%
$665,286
$665.3K
Cap Rate 9%
$517,444
$517.4K
Market Conditions
NOI Build-Up for 3,840 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.3K $18.84/SF
− Vacancy
−$5.8K −$1.51/SF
EGI
$66.5K $17.33/SF
− OpEx
−$20.0K −$5.20/SF
NOI
$46.6K $12.13/SF
Area
Vermilion County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,400
Cap Rate 7%
$665,286
Cap Rate 9%
$517,444
Alternative Uses
Best Use
Retail
$665.3K
$582.1K – $776.2K
NOI $46,570 @ 7.0% cap · market cap 6.90%
Second Best
Warehouse
$314.3K
$275.0K – $366.7K
NOI $22,000 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$907.9K
$794.4K – $1.06M
NOI $63,554 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70510, LA
24,074
Population
11,603
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
82%
High-School Grad
233.0 sq mi
ZIP Area
103
Density / Sq Mi
$50,881
Median Household Income
$37,079
Median Earnings
$789
Median Rent
$150,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Unzoned commercial building with connected warehouse areas and multiple overhead doors.
Where is this flex space located?
The property is located at 726 Veterans Memorial Drive Abbeville, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,840‑square‑foot flex building on 0.65 acres; Two connected warehouse spaces; Overhead doors measuring 10–15 feet and under 10 feet
