Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Abbeville Land Opportunity Title is generated by Realmo AI

    La Hwy 699 lot 7-C, Abbeville, LA 70510

    View on Map
    Claim this Listing
    Pending
    $71,000

    COMMERCIAL - Abbeville, LA

    Lot size:
    2.60 Acres
    Added:
    Sep 18, 2024
    Days on Market:
    627
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for La Hwy 699 lot 7-C

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    R4012000
    Lot size
    2.60 Acres

    Taxes and HOA fees

    Tax Description
    2.630 AC IN SEC 21 T 11 R 3 E BEING LOT 7-C

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Kathy Dyson

    Listing agent Kathy Dyson License #69176

    Listing office Kathy Dyson Realty 203 S St. Charles St., Abbeville, LA

    Listing date Sep 18, 2024

    MLS# 24008804 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.

    HighLights

    • 2.6 acres of land in a country setting
    • Located in flood zone X
    • North Vermilion school district
    • Public water available
    • Culvert already installed off of HWY 699
    • Additional .875 acre tract available (MLS#)

    Overview

    This 2.6-acre property is located in a country setting within flood zone X. The lot offers potential for various uses, including a pond or keeping horses. It is situated in the North Vermilion school district. Public water is available, and a culvert is already installed off of HWY 699. There is a 25' unimproved right of passage, and the purchaser is responsible for maintaining it. An additional 0.875-acre tract directly north of this property is also available.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Abbeville
    County
    Vermilion
    State
    Louisiana
    Longitude
    -92.208
    Latitude
    29.8955

    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
    • $100,000

      Commercial Lot on Busy Highway

      High-traffic commercial lot with existing infrastructure in Abbeville, LA.
      308 W Summers Drive, Abbeville, LA 70510
      View Details
    • $675,000
      3,840 SF

      Abbeville Commercial Building For Sale

      Versatile commercial building with warehouse space in Abbeville, Louisiana.
      726 Veterans Memorial Drive, Abbeville, LA 70510
      View Details
    • $265,000
      1,041 SF

      Abbeville Investment Property Package

      Three homes for sale as an investment package with cash flow.
      210 5th Street, 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
    • $750,000
      4,018 SF

      Highway Frontage Commercial Property

      Commercial property on 1.63 acres with 14 offices.
      7720 Us Highway 167, Abbeville, LA
      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
    • $32,000

      Residential Land in Abbeville, LA

      One acre residential lot ready for new construction.
      Walnut Road lot: 14, 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

    FAQs

    What type of property is this?
    Land - 2.6 acres in a country setting, flood zone X.
    Where is this land located?
    The property is located at La Hwy 699 lot 7-C Abbeville, LA.
    What is the asking price?
    The asking price for this property is $71,000.
    What are key features of this property?
    This property features: 2.6 acres of land in a country setting; Located in flood zone X; North Vermilion school district
    (337) 652-6236
    We can help!
    Listing Contact
    Kathy Dyson
    Real Estate License ID: 69176
    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

    Thank You for Inquiry
    La Hwy 699 lot: 7-C, Abbeville, LA 70510
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!