Retail-Ready Office with
For Sale
$130,000
2627 Veterans Memorial Dr, Abbeville, LA 70510
Functional commercial space includes an open work area, private office, and both interior and exterior restrooms.
Property Size640 SF
Price / SF$203.13
Days on Market92
Property Features for 2627 Veterans Memorial Dr
General Information
Standard status
Active
Size
640 SF
Property subtype
Other
Zoning
NZ
Additional Details
Utilities to Site
Yes
Amenities
Power
Water
Sewer
Vacant
Listing Agency:
Compass Lafayette
Listed By:
Allyson Deer
(337) 267-4001
Source:
Lacdb.resimplifi
Added: Jun 9
Changed: Sep 8
Last Checked: Sep 8 at 7:30AM
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 Compass Lafayette
Investment Insights
Based on property information with market context.
This commercial property offers a functional interior layout with an open work area, a private office, and an interior restroom. There is also an exterior restroom on site, supporting a variety of small business and service formats.
The property includes limestone/asphalt drive areas and is located on Veterans Memorial Drive with convenient access near Abbeville’s downtown business district. Utilities for the site include city water, sewer, and electricity.
With its combination of office space and restroom facilities, the building can support office use and retail-oriented concepts, including a drive-thru setup.
The property includes limestone/asphalt drive areas and is located on Veterans Memorial Drive with convenient access near Abbeville’s downtown business district. Utilities for the site include city water, sewer, and electricity.
With its combination of office space and restroom facilities, the building can support office use and retail-oriented concepts, including a drive-thru setup.
Key Highlights
- Commercial property on Veterans Memorial Dr in Abbeville with an open work area, private office, and interior restroom
- Also includes an exterior restroom for added convenience
- Site features limestone/asphalt drive areas
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
$7,448
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
5.73%
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%
$148,960
$149.0K
Cap Rate 7%
$106,400
$106.4K
Cap Rate 9%
$82,756
$82.8K
Market Conditions
NOI Build-Up for 640 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
$11.5K $18.00/SF
− Vacancy
−$1.6K −$2.48/SF
EGI
$9.9K $15.52/SF
− OpEx
−$2.5K −$3.88/SF
NOI
$7.4K $11.64/SF
Area
Vermilion County, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$148,960
Cap Rate 7%
$106,400
Cap Rate 9%
$82,756
Alternative Uses
Best Use
Office B
$106.4K
$93.1K – $124.1K
NOI $7,448 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$151.3K
$132.4K – $176.5K
NOI $10,592 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
519
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Functional commercial space includes an open work area, private office, and both interior and exterior restrooms.
Where is this office units located?
The property is located at 2627 Veterans Memorial Dr Abbeville, LA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Commercial property on Veterans Memorial Dr in Abbeville with an open work area, private office, and interior restroom; Also includes an exterior restroom for added convenience; Site features limestone/asphalt drive areas
