Add Listing
    For Sale
    • 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

    S John Hardy Drive lot 2 Abbeville, LA 70510

    View on Map
    For Sale
    $45,000

    LAND - Abbeville, LA

    Lot size:
    0.81 Acres
    Added:
    Aug 19, 2024
    Days on Market:
    591
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for S John Hardy Drive lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    Ra549150a
    Lot size
    0.81 Acres

    Taxes and HOA fees

    TaxDescription
    LOT 2 OF PLAT DATES MAY 21, 2024 FRONTING ON S JOHN HARDY DRIVE

    Utilities

    Utilities
    Water Available
    Sewer type
    Private Sewer

    We can help!

    Listing Contact
    Luke Scott

    Listing agent Luke Scott License #995708915

    Listing office McGeeScott Realty 222 Fulton Street, Lafayette, LA

    Listing date Aug 19, 2024

    MLS# 24007939 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

    Abbeville Land for Residential Development

    This 0.815-acre lot is located just minutes from downtown Abbeville. The parcel offers ample space for building a home or investment property. The location provides convenient access to nearby shopping, dining, and entertainment. The property is zoned for residential use and is located in Vermilion Parish.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Abbeville
    County
    Vermilion
    State
    Louisiana
    Longitude
    -92.115125
    Latitude
    29.971634

    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
    • $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
    • $149,000
      1,904 SF

      Abbeville Duplex: Income-Producing Investment

      Turnkey duplex with remodeled units, generating immediate cash flow.
      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
    • $750,000
      4,018 SF

      Highway 167 Commercial Property

      Versatile commercial property on Highway 167 in Abbeville, Louisiana.
      7720 Hwy 167, 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
    • $55,000

      Unrestricted Land in Abbeville, LA

      5.54 acres of unrestricted land near main roads.
      W Albert Road lot: Tract3-A, Abbeville, LA 70510
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.815-acre lot near downtown Abbeville, ready for development.
    Where is this residential land & home lot located?
    The property is located at S John Hardy Drive lot 2 Abbeville, LA.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Large 0.815‑acre lot offers ample space for building.; Conveniently located minutes from downtown Abbeville.; Water utility available.
    (337) 579-3133
    We can help!
    Listing Contact
    Luke Scott
    Real Estate License ID: 995708915
    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!