Highway-Front Flex
For Sale
$403,000
8911 Deere Park Road, Abbeville, LA 70510
COMMERCIAL - Abbeville, LA
Property Size3,600 SF
Lot Size0.33 Acres
Price / SF$111.94
Days on Market10
Property Features for 8911 Deere Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
8
Exterior features
OH Door 10 - 15 Ft
Subdivision
Deere Park
Lot features
Level
Directions
Hwy. 167 in between Maurice and Abbeville at the corner of Deere Park Road and Hwy. 167
Standard status
Active
APN
R3177700a
Size
3,600 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
Lot 2, Parcel 1, Sec. 1, Township 12 South, Range 3 East
Legal Description
Lot 2, Parcel 1, Sec. 1, Township 12 South, Range 3 East
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Roof type
Metal
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 22 at 12:06PM
MLS# 2600007629
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 flex property contains 3,600 square feet divided between 1,195 square feet of finished office area and 2,405 square feet of warehouse space. An electric roll-up door supports warehouse access, while tile flooring, central heating, and central air serve the building. The improvements sit on a 0.33-acre parcel and include two bathrooms, a metal roof, and a septic tank system.
Positioned along Hwy. 167 at 8911 Deere Park Road, the property benefits from highway frontage and reported traffic approaching 18,000 vehicles per day. Water is supplied by Waterworks District No. 1, power is provided by SLEMCO, and sewer service is handled through a septic tank. The Abbeville property offers a compact combination of office and industrial space within a single facility.
Positioned along Hwy. 167 at 8911 Deere Park Road, the property benefits from highway frontage and reported traffic approaching 18,000 vehicles per day. Water is supplied by Waterworks District No. 1, power is provided by SLEMCO, and sewer service is handled through a septic tank. The Abbeville property offers a compact combination of office and industrial space within a single facility.
Key Highlights
- 3,600 SF flex property with 1,195 SF office space and 2,405 SF warehouse space
- Highway 167 frontage with traffic counts approaching 18,000 vehicles per day
- 0.33‑acre parcel at 8911 Deere Park Road, Abbeville, LA 70510
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
$20,625
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
5.12%
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%
$412,500
$412.5K
Cap Rate 7%
$294,643
$294.6K
Cap Rate 9%
$229,167
$229.2K
Market Conditions
NOI Build-Up for 3,600 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
$25.5K $7.08/SF
− Vacancy
−$1.2K −$0.34/SF
EGI
$24.3K $6.74/SF
− OpEx
−$3.6K −$1.01/SF
NOI
$20.6K $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%
$412,500
Cap Rate 7%
$294,643
Cap Rate 9%
$229,167
Alternative Uses
Best Use
Office B
$598.5K
$523.7K – $698.2K
NOI $41,893 @ 7.0% cap · market cap 10.40%
Second Best
Warehouse
$294.6K
$257.8K – $343.8K
NOI $20,625 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$851.2K
$744.8K – $993.0K
NOI $59,581 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
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
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?
Flex space - Move-in-ready flex space combines finished offices with warehouse functionality and central climate control.
Where is this flex space located?
The property is located at 8911 Deere Park Road Abbeville, LA.
What is the asking price?
The asking price for this property is $403,000.
What are key features of this property?
This property features: 3,600 SF flex property with 1,195 SF office space and 2,405 SF warehouse space; Highway 167 frontage with traffic counts approaching 18,000 vehicles per day; 0.33‑acre parcel at 8911 Deere Park Road, Abbeville, LA 70510
