Storefront Property with
For Sale
$130,000
Pending
2627 Veterans Memorial Drive, Abbeville, LA 70510
Commercial Sale, Abbeville, LA
Property Size640 SF
Lot Size0.21 Acres
Days on Market93
Property Features for 2627 Veterans Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Security features
Security System
Exterior features
Pole Sign
Directions
Heading south on Hwy 167, turn left onto Veterans Memorial Dr. Continue approximately .5 miles. Property on the left
Subdivision
V1
Standard status
Pending
APN
Ra425151
Size
640 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
.188 AC in SEC 30 T 12 R 4 E TRACT 1-A-1 (PLAT 2024002351) .023 AC IN SEC 30 T 12 R 4 E TRACT 2-A-1 (PLAT 2024002351)
Legal Description
.188 AC in SEC 30 T 12 R 4 E TRACT 1-A-1 (PLAT 2024002351) .023 AC IN SEC 30 T 12 R 4 E TRACT 2-A-1 (PLAT 2024002351)
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Wood
Roof type
Composition
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brittany LeBlanc · License #995709191
(337) 254-2730
Added: Jun 9
Changed: Aug 20
Last Checked: Sep 9 at 2:06PM
MLS# 2600005150
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 640-square-foot commercial storefront occupies a 0.21-acre site with an open work area, private office, and separate interior and exterior restrooms. Wood flooring, central heating and central air, a composition roof, a pole sign, and off-street parking are part of the existing improvements. Limestone and asphalt drive surfaces provide on-site circulation, while public water and electricity are available.
The property is located at 2627 Veterans Memorial Drive in Abbeville, near the downtown business district. Its configuration is suited to the office, retail, small-business, and drive-through concepts identified for the site. The combination of usable interior space, dedicated office area, restroom facilities, and paved drive areas provides a practical commercial setup.
The property is located at 2627 Veterans Memorial Drive in Abbeville, near the downtown business district. Its configuration is suited to the office, retail, small-business, and drive-through concepts identified for the site. The combination of usable interior space, dedicated office area, restroom facilities, and paved drive areas provides a practical commercial setup.
Key Highlights
- 640 SF commercial storefront on a 0.21‑acre site
- Open work area with private office
- Separate interior and exterior restrooms
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
$7,762
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
5.97%
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%
$155,240
$155.2K
Cap Rate 7%
$110,886
$110.9K
Cap Rate 9%
$86,244
$86.2K
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
$12.1K $18.84/SF
− Vacancy
−$969 −$1.51/SF
EGI
$11.1K $17.33/SF
− OpEx
−$3.3K −$5.20/SF
NOI
$7.8K $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%
$155,240
Cap Rate 7%
$110,886
Cap Rate 9%
$86,244
Alternative Uses
Best Use
Retail
$110.9K
$97.0K – $129.4K
NOI $7,762 @ 7.0% cap · market cap 5.97%
Second Best
Office B
$106.4K
$93.1K – $124.1K
NOI $7,448 @ 7.0% cap · market cap 5.73%
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
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Open work area, private office, and separate restrooms support office, retail, or drive-through operations.
Where is this storefront property located?
The property is located at 2627 Veterans Memorial Drive 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: 640 SF commercial storefront on a 0.21‑acre site; Open work area with private office; Separate interior and exterior restrooms
