Versatile Flex and Warehouse
For Sale
$675,000
726 Veterans Memorial Dr, Abbeville, LA 70510
Well-built facility with connected warehouse areas, suited for a range of retail and storage-based operations.
Property Size3,840 SF
Price / SF$175.78
Days on Market95
Property Features for 726 Veterans Memorial Dr
General Information
Standard status
Active
Size
3,840 SF
Listing Agency:
Real Broker, LLC
Listed By:
Mark Van Eaton · License #4771
(337) 654-5700
Source:
Athomerealtyla
Added: Jun 7
Changed: Sep 8
Last Checked: Sep 8 at 6:38AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This well-built building offers a flexible layout and is currently configured for use as a golf cart dealership. The property includes two connected warehouse spaces, providing practical storage capacity alongside showroom or retail-oriented use.
The asset is located in the heart of Abbeville at 726 Veterans Memorial Dr. Its existing configuration supports businesses that require both front-facing sales space and back-of-house storage.
For prospective buyers, the combination of retail-ready space and connected warehouse areas supports multiple operating models, including retail concepts that need on-site inventory storage. The building’s current dealership use also indicates it can accommodate customer-facing merchandising with dedicated areas for keeping product and equipment secured.
The asset is located in the heart of Abbeville at 726 Veterans Memorial Dr. Its existing configuration supports businesses that require both front-facing sales space and back-of-house storage.
For prospective buyers, the combination of retail-ready space and connected warehouse areas supports multiple operating models, including retail concepts that need on-site inventory storage. The building’s current dealership use also indicates it can accommodate customer-facing merchandising with dedicated areas for keeping product and equipment secured.
Key Highlights
- Well‑built building in the heart of Abbeville
- Currently used as a golf cart dealership
- 2 connected warehouse spaces for storage and warehouse needs
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
$22,000
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
3.26%
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%
$440,000
$440.0K
Cap Rate 7%
$314,286
$314.3K
Cap Rate 9%
$244,444
$244.4K
Market Conditions
NOI Build-Up for 3,840 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
$27.2K $7.08/SF
− Vacancy
−$1.3K −$0.34/SF
EGI
$25.9K $6.74/SF
− OpEx
−$3.9K −$1.01/SF
NOI
$22.0K $5.73/SF
Area
Vermilion County, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$440,000
Cap Rate 7%
$314,286
Cap Rate 9%
$244,444
Alternative Uses
Best Use
Warehouse
$314.3K
$275.0K – $366.7K
NOI $22,000 @ 7.0% cap · market cap 3.26%
Second Best
Industrial
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$907.9K
$794.4K – $1.06M
NOI $63,554 @ 7.0% cap · market cap 9.42%
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
291
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Le Bon Manger, LLC — 210 N St Valerie St, Abbeville, LA 70510
Frequently Asked Questions
What type of property is this?
Flex space - Well-built facility with connected warehouse areas, suited for a range of retail and storage-based operations.
Where is this flex space located?
The property is located at 726 Veterans Memorial Dr Abbeville, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Well‑built building in the heart of Abbeville; Currently used as a golf cart dealership; 2 connected warehouse spaces for storage and warehouse needs
