Mixed-Use Property with Covered
New
For Sale
$199,900
205 E Saint Victor Street, Abbeville, LA 70510
Commercial Sale, Abbeville, LA
Property Size1,300 SF
Lot Size0.25 Acres
Price / SF$153.77
Days on Market3
Property Features for 205 E Saint Victor Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Parking features
Covered, Parking Lot
Subdivision
Boet
Directions
Coming down Veterans Memorial Dr, Take N State St to E St Victor St, Destination will be on the left
Standard status
Active
APN
Ra232500
Size
1,300 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
.25 AC IN SEC 47 T 12 R 3 E BEING POR OF LOT 37 & 38 BOETS ADD (PLAT 2025001357) 2025001357 IMP
Legal Description
.25 AC IN SEC 47 T 12 R 3 E BEING POR OF LOT 37 & 38 BOETS ADD (PLAT 2025001357) 2025001357 IMP
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
handicap accessibility
front porch
covered parking
Building Details
Roof type
Composition
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Stoney Richard · License #995714987
(337) 652-2716
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 7:06PM
MLS# 2600008906
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 1,300-square-foot mixed-use commercial property occupies a 0.25-acre site in Abbeville. The building includes handicap accessibility, a front porch, covered parking, and an additional parking lot. Central heating and central air support year-round interior comfort, while the composition roof provides the primary roof covering.
The property is located just steps from downtown Abbeville and near St. Mary Magdalen Catholic Church. Mixed zoning supports its commercial positioning, and the layout is identified as suitable for a boutique, salon, professional office, intimate venue, creative studio, or other specialty business.
The property is located just steps from downtown Abbeville and near St. Mary Magdalen Catholic Church. Mixed zoning supports its commercial positioning, and the layout is identified as suitable for a boutique, salon, professional office, intimate venue, creative studio, or other specialty business.
Key Highlights
- 1,300 SF mixed‑use commercial building
- 0.25‑acre site near downtown Abbeville
- Mixed zoning
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
$15,766
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
7.89%
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%
$315,320
$315.3K
Cap Rate 7%
$225,229
$225.2K
Cap Rate 9%
$175,178
$175.2K
Market Conditions
NOI Build-Up for 1,300 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
$24.5K $18.84/SF
− Vacancy
−$2.0K −$1.51/SF
EGI
$22.5K $17.33/SF
− OpEx
−$6.8K −$5.20/SF
NOI
$15.8K $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%
$315,320
Cap Rate 7%
$225,229
Cap Rate 9%
$175,178
Alternative Uses
Best Use
Retail
$225.2K
$197.1K – $262.8K
NOI $15,766 @ 7.0% cap · market cap 7.89%
Second Best
Mixed Use
$214.5K
$187.7K – $250.3K
NOI $15,015 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$307.4K
$269.0K – $358.6K
NOI $21,516 @ 7.0% cap · market cap 10.76%
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
588
Businesses Nearby
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial building with handicap access, a front porch, central HVAC, and parking for customers and guests.
Where is this mixed-use property located?
The property is located at 205 E Saint Victor Street Abbeville, LA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,300 SF mixed‑use commercial building; 0.25‑acre site near downtown Abbeville; Mixed zoning
