Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3001 Veterans Memorial Dr Abbeville, LA 70510
    Back to Search
    Property profile & analytics

    3001 Veterans Memorial Dr, Abbeville, LA 70510

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Freeway Insurance / Insurance Agency
    • Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
    • Little Caesars Pizza / Restaurant
    • Sally Beauty / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • GameStop / Arcade & Gaming Center / Electronics & Wireless Store

    Property Details for 3001 Veterans Memorial Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Shopping centers

    Description

    Abbeville Plaza offers exceptional retail space in a prime location along State Highway 14, the main artery connecting Southern Louisiana. This thriving shopping center benefits from its strategic placement as a Walmart shadow center, directly adjacent to a high-performing Walmart Supercenter boasting 2.2 million annual visits. This significant foot traffic translates to exceptional visibility and a consistent stream of potential customers for your business. The shared entrance with the Walmart ensures seamless access and maximum exposure. The property comprises a total of seven suites, with two currently available, ranging in size from 4,275 to 5,985 square feet. Ideal for a variety of uses, including retail, restaurants, or healthcare services, this location provides an unparalleled opportunity to tap into a large and diverse customer base drawn from Abbeville and surrounding communities. Situated in Lafayette Parish, the fifth most populous city in Louisiana, Abbeville Plaza guarantees a strong foundation for business growth and success. The property's convenient highway access ensures easy accessibility for both local residents and travelers. Don't miss this chance to establish your business in a high-demand, high-visibility location.

    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
    State
    Louisiana
    Longitude
    -92.0962
    Latitude
    29.9708

    Comparable in this City

    • Value Estimation by Request
      3,147 SF

      2719 Charity St

      Restaurants
      2719 Charity St, Abbeville, LA 70510
      View Details
    • Value Estimation by Request
      2,016 SF

      Abbeville Louisiana 70510 Veterans Memorial Dr & Odea St

      Restaurants
      Abbeville Louisiana 70510 Veterans Memorial Dr & Odea St, Abbeville, LA 70510
      View Details
    • Value Estimation by Request
      3,956 SF

      2510 Veterans Memorial Dr

      Lifestyle centers
      2510 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • Value Estimation by Request
      11.12 Acres

      501 Veterans Memorial Dr

      Land
      501 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • Value Estimation by Request
      9,324 SF

      1530 Veterans Memorial Dr

      Individual retail properties
      1530 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • Value Estimation by Request

      Fern Ave

      Land
      0 Fern Ave, Abbeville, LA 70510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • $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
    • $339,999
      3,152 SF

      Versatile Colonial Property in Abbeville

      Two-story commercial property with endless possibilities in historic Abbeville.
      509 E Saint Victor St, Abbeville, LA 70510
      View Details
    • Contact for pricing

      New Starbucks Drive-Thru Investment

      New Starbucks in vibrant area with long-term corporate lease.
      2207 Veterans Memorial Dr, Abbeville, LA 70510
      View Details
    • $84,550
      1,295 SF

      Commercial Building in High-Traffic Area

      Concrete building suitable for retail or office in Abbeville, LA.
      1004 Coulee Kinney Dr, Abbeville, LA 70510
      View Details
    • $675,000
      3,840 SF

      Abbeville Commercial Building For Sale

      Versatile commercial building with warehouse space in Abbeville, Louisiana.
      726 Veterans Memorial 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
    • $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
      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
    • 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.
    3001 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
    3001 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!