Convenience Store with
For Sale
$115,000
1200 State Street Unit 1200, Abbeville, LA 70510
Existing refrigeration and related store equipment remain with the property.
Property Size1,080 SF
Price / SF$106.48
Days on Market536
Property Features for 1200 State Street Unit 1200
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Amenities
Central Air
3
Concrete Driveway, On Site.
147' x 92.8'
Public Road, In City, Public Roads.
Listing Agency:
Sunrise Realty LLC
(337) 652-6260
Listed By:
James Noel Jr. · License #19327
(337) 652-6260
Source:
Xome
Added: Mar 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sunrise Realty LLC
Investment Insights
Based on property information with market context.
This convenience store at 1200 State Street includes central air conditioning, coolers, and other associated equipment that will remain. The property also features a concrete driveway and access from public roads within the city. Its 147' x 92.8' dimensions provide the stated site footprint, while the 1,080 property-size measurement identifies the overall asset size.
The store is positioned along a major roadway in an established residential area south of downtown Abbeville. The current owners have operated the business for approximately 15 years and are retiring, creating an opportunity to continue the existing convenience-store use or evaluate other supported possibilities.
The store is positioned along a major roadway in an established residential area south of downtown Abbeville. The current owners have operated the business for approximately 15 years and are retiring, creating an opportunity to continue the existing convenience-store use or evaluate other supported possibilities.
Key Highlights
- Coolers and associated store equipment remain
- Central air conditioning
- Concrete driveway on site
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
$5,096
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
4.43%
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%
$101,920
$101.9K
Cap Rate 7%
$72,800
$72.8K
Cap Rate 9%
$56,622
$56.6K
Market Conditions
NOI Build-Up for 1,080 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
$7.6K $7.08/SF
− Vacancy
−$367 −$0.34/SF
EGI
$7.3K $6.74/SF
− OpEx
−$2.2K −$2.02/SF
NOI
$5.1K $4.72/SF
Area
Vermilion County, LA
Vacancy
4.80%
Lease Rate
$7.08 /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%
$101,920
Cap Rate 7%
$72,800
Cap Rate 9%
$56,622
Alternative Uses
Best Use
Specialty Retail
$200.5K
$175.4K – $233.9K
NOI $14,033 @ 7.0% cap · market cap 12.20%
Second Best
Retail
$187.1K
$163.7K – $218.3K
NOI $13,098 @ 7.0% cap · market cap 11.39%
Theoretical Best
Office A
$255.3K
$223.4K – $297.9K
NOI $17,874 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
169
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Robie's Food Center — 604 S State St, Abbeville, LA 70510
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing refrigeration and related store equipment remain with the property.
Where is this grocery and convenience store located?
The property is located at 1200 State Street Unit 1200 Abbeville, LA.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Coolers and associated store equipment remain; Central air conditioning; Concrete driveway on site
