Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    501 Veterans Memorial Dr Abbeville, LA 70510
    Back to Search
    Property profile & analytics

    501 Veterans Memorial Dr Abbeville, LA 70510

    View on Map
    • Retail properties & Spaces
    • 25,000 SF
    • 11.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Popeyes Louisiana Kitchen / Restaurant

    Property Details for 501 Veterans Memorial Dr

    Lot size
    11.12 lot acres
    Property size
    25,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 11.12-acre commercial property, located at 501 Veterans Memorial Dr in Abbeville, Louisiana (zip code 70510), presents a unique investment opportunity. The property boasts 25,000 square feet of land, offering prime frontage on Abbeville's main retail thoroughfare, providing excellent visibility and accessibility. The land is priced at $10 per square foot, totaling $4,843,872. This site is ideal for a build-to-suit development or the utilization of the existing standalone building. Its strategic location near popular establishments such as McDonald's and Popeyes ensures high traffic and visibility. The property's APN is RA411450. Situated just east of the Vermillion River, this location benefits from easy access and is surrounded by notable landmarks including Dupuy's Seafood and Steak, Shucks! Oyster Bar, and Southern Oaks Country Club. The single-tenancy property offers pad sites, making it a versatile option for various retail ventures. This prime location in Abbeville's thriving retail corridor presents an exceptional opportunity for significant return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Abbeville
    County
    Vermilion Parish
    State
    Louisiana
    Longitude
    -92.1288
    Latitude
    29.9826

    Comparable in this City

    • Value Estimation by Request
      9,324 SF

      1530 Veterans Memorial Dr

      Individual retail properties • 9,324 SF
      1530 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • Value Estimation by Request
      420.62 Acres

      000 Hwy

      Land • 420.62 Acres
      000 Hwy, Abbeville, LA 70510
      View Details
    • Value Estimation by Request
      174.36 Acres

      000 Hwy 82

      Land • 174.36 Acres
      000 Hwy 82, Abbeville, LA 70510
      View Details
    • Value Estimation by Request
      11.12 Acres

      503 Veterans Memorial Dr

      Land • 11.12 Acres
      503 Veterans Memorial Dr, Esther, LA 70510
      View Details
    • Value Estimation by Request
      11.12 Acres

      501 Veterans Memorial Dr

      Land • 25,000 SF
      501 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • Value Estimation by Request
      0.28 Acres

      213 Charles Campbell St

      Land • 0.28 Acres
      213 Charles Campbell St, Abbeville, LA 70510
      View Details

    Similar Nearby for Sale

    • $4,340,000
      34,125 SF

      Retail Property on Veterans Memorial

      Retail property available for sale on Veterans Memorial Drive.
      3013 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • $71,000
      Pending

      Abbeville Land Opportunity

      2.6 acres in a country setting, flood zone X.
      Ln Hwy 699, Abbeville, LA 70510
      View Details
    • $120,000
      5.26 Acres

      Abbeville Land with Development Potential

      5+ acre tract near amenities, country atmosphere, endless possibilities.
      E Villien Ave, Abbeville, LA 70510
      View Details
    • $250,000
      Pending

      Vermilion Riverfront Land Parcel

      7.32 acre land parcel with river frontage in Abbeville.
      9204 La Highway 82, Abbeville, LA 70510
      View Details
    • $100,000
      0.48 Acres

      Commercial Lot on Busy Highway

      High-traffic commercial lot with existing infrastructure in Abbeville, LA.
      308 W Summers Dr, Abbeville, LA 70510
      View Details
    • $2,000,000

      Office Park Subdivision For Sale

      Office park subdivision suitable for assisted living community development.
      100 N Hospital Dr, Abbeville, LA 70510
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Shopping Center Space

      Retail, service, medical, fitness, and office spaces available for lease.
      4752 Rodeo Rd, Abbeville, LA 70510
      View Details
    • Contact for pricing
      8,900 SF

      Retail Space in Abbeville, LA

      8,900 SF retail space available for lease in Abbeville.
      2112 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • Contact for pricing
      2,150 SF

      Freestanding Retail Building in Abbeville

      2,150 SF retail building for lease near Highway 167.
      101 W Summers Dr, Abbeville, LA 70510
      View Details
    • $8 SF/Yr
      3,956 SF

      Abbeville Retail Space - Prime Location

      High-visibility retail space, Abbeville, LA.
      2510 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • Contact for pricing
      5,985 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      3001-3015 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • Contact for pricing
      1,200 SF

      Abbeville Retail or Office Space

      Retail or office space in a high-traffic location.
      108 Broadmoor Blvd, Abbeville, LA 70510
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Veterans Memorial Dr
    Abbeville, LA 70510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    501 Veterans Memorial Dr, Abbeville, LA, 70510
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!