Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Simple Storage in Abbeville Retail Title is generated by Realmo AI

    2211 Richard St, Abbeville, LA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Value-add self-storage facility in Lafayette MSA with conversion opportunity.

    Type:INDUSTRIAL
    Property size:
    22,420 SF
    Lot size:
    1.90 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 2211 Richard St

    General Information

    Standard status
    Active
    Size
    22,420 SF
    Lot size
    1.90 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Kristen Asman
    Kristen Asman

    Listing agent Justin B. Toomey License ##22847

    Listing office SVN Wilson Commercial

    Listing date Nov 23, 2025

    Source Moodyscre

    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 SVN Wilson Commercial

    HighLights

    • Value‑add self‑storage facility with conversion opportunity.
    • Prime location in the heart of the Abbeville retail area.
    • New 8,200 SF warehouse conversion with 67 climate‑controlled units.
    • Includes a 1,500 SF 3‑bedroom apartment.
    • Low self‑storage saturation rate of 6.7 SF/Capita within a 5‑mile radius.
    • Located in the Lafayette MSA, the fastest growing area in Louisiana.

    Overview

    Simple Storage is a value-add self-storage facility located in the Lafayette MSA, the fastest-growing area in Louisiana. The property is situated in the heart of the Abbeville retail area, behind Walgreens and next to a nursing home and apartment complex. The facility features 22,100 square feet, including 12,400 square feet of non-climate storage, a new 8,200 square foot warehouse conversion with 67 climate-controlled units, and a 1,500 square foot 3-bedroom apartment. The property is fully fenced and equipped with a remote management system and a manual gate. The location benefits from a low self-storage saturation rate of 6.7 SF/Capita within a 5-mile radius, offering great potential with its prime location and conversion opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Acadiana Logistics Logistics Company Simple Storage Abbeville ... Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abbeville
    County
    Vermilion
    State
    Louisiana
    Longitude
    -92.1102
    Latitude
    29.9811

    Nearby Similar for Lease

    • Contact for pricing
      8,900 SF

      Retail Space in Abbeville, LA

      8,900 SF retail space available for lease in Abbeville.
      2112 Veterans Memorial Drive, Abbeville, LA 70510
      View Details
    • $350,000 SF/Yr
      10,887 SF

      Commercial Property in Abbeville, LA

      Commercial property available for lease or purchase in Abbeville.
      3416 Veterans Memorial Drive, Abbeville, LA 70510
      View Details
    • $1,449,000 SF/Yr
      45,162 SF

      Commercial Property in Abbeville, LA

      Commercial property available for lease or purchase in Abbeville.
      3520 Veterans Memorial Drive, Abbeville, LA 70510
      View Details
    • $6,375/Mo
      2,150 SF

      Freestanding Retail Building in Abbeville

      2,150 SF retail building for lease near Highway 167.
      101 W Summers Dr, Abbeville, LA
      View Details
    • Contact for pricing

      Highway 167 Commercial Property

      Commercial property on 1.63 acres, Highway 167, Abbeville.
      7720 US-167, Abbeville, LA
      View Details
    • Contact for pricing
      30,000 SF

      High-Visibility Shopping Center Space

      Retail, service, medical, fitness, and office spaces available for lease.
      4752 Rodeo Rd, Abbeville, LA 70510
      View Details
    • Contact for pricing
      1,200 SF

      Abbeville Retail or Office Space

      Retail or office space in a high-traffic location.
      108 Broadmoor Boulevard, Abbeville, LA 70510
      View Details
    • Contact for pricing
      1,200 SF

      Abbeville Retail/Office Space Available

      Retail or office space in a high-traffic location.
      108 Broadmoor Boulevard, Abbeville, LA 70510
      View Details
    • Contact for pricing
      4,275 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      3001-3015 Veterans Memorial Dr, Abbeville, LA
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Value-add self-storage facility in Lafayette MSA with conversion opportunity.
    Where is this self storage facility located?
    The property is located at 2211 Richard St Abbeville, LA.
    What are key features of this property?
    This property features: Value‑add self‑storage facility with conversion opportunity.; Prime location in the heart of the Abbeville retail area.; New 8,200 SF warehouse conversion with 67 climate‑controlled units.
    (614) 944-5140 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kristen Asman
    Kristen Asman
    Real Estate License ID: #22847
    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
    2211 Richard St, Abbeville, LA
    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!