Office Property with Ample
For Sale
$750,000
7720 Us Highway 167, Abbeville, LA 70510
COMMERCIAL - Abbeville, LA
Property Size4,018 SF
Lot Size1.63 Acres
Price / SF$186.66
Days on Market142
Property Features for 7720 Us Highway 167
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
unzoned
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Parking Lot, Off Street
Lot features
Level
Directions
From Lafayette, head South approximately 14 miles towards Abbeville. Location will be on your right.
Subdivision
V2
Standard status
Active
APN
R4284500
Size
4,018 SF
Lot size
1.63 Acres
Taxes and HOA fees
Tax Description
1.627 AC IN E/2 OF SEC 35 T 11 R 3 E BEING POR OF LOT 6B 2022004013 IMP
Legal Description
1.627 AC IN E/2 OF SEC 35 T 11 R 3 E BEING POR OF LOT 6B 2022004013 IMP
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Concrete
Roof type
Metal
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Nikki Nugier · License #995704858
(337) 351-4060
Added: Apr 1
Changed: Aug 4
Last Checked: Aug 20 at 2:06AM
MLS# 2600002706
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 well-maintained commercial office property is offered for sale and includes 14 offices, providing a flexible layout for multiple office users or uses. The site includes ample parking and additional acreage for future expansion, supporting continued development as needs change.
The property is located along Highway 167 in Abbeville, Louisiana. With its highway frontage and overall site size of 1.63 acres, it offers visibility and convenient drive-up access for occupants and visitors.
The building comprises approximately 4,018 square feet, offering a compact office footprint paired with room on the property for growth.
The property is located along Highway 167 in Abbeville, Louisiana. With its highway frontage and overall site size of 1.63 acres, it offers visibility and convenient drive-up access for occupants and visitors.
The building comprises approximately 4,018 square feet, offering a compact office footprint paired with room on the property for growth.
Key Highlights
- Highly visible commercial property on 1.63 acres along Highway 167
- Multi‑purpose building with 14 offices
- Ample off‑street parking with parking lot
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
$46,757
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
6.23%
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%
$935,140
$935.1K
Cap Rate 7%
$667,957
$668.0K
Cap Rate 9%
$519,522
$519.5K
Market Conditions
NOI Build-Up for 4,018 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
$72.3K $18.00/SF
− Vacancy
−$10.0K −$2.48/SF
EGI
$62.3K $15.52/SF
− OpEx
−$15.6K −$3.88/SF
NOI
$46.8K $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%
$935,140
Cap Rate 7%
$667,957
Cap Rate 9%
$519,522
Alternative Uses
Best Use
Office B
$668.0K
$584.5K – $779.3K
NOI $46,757 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.0K
$831.3K – $1.11M
NOI $66,500 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
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
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Frequently Asked Questions
What type of property is this?
Office units - Multi-purpose office building on Highway 167 with 14 offices and ample parking on 1.63 acres.
Where is this office units located?
The property is located at 7720 Us Highway 167 Abbeville, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Highly visible commercial property on 1.63 acres along Highway 167; Multi‑purpose building with 14 offices; Ample off‑street parking with parking lot
