Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Building in Lafayette Title is generated by Realmo AI

    2807 Kaliste Saloom Road, Lafayette, LA 70508

    View on Map
    Claim this Listing
    For Sale
    $649,000

    COMMERCIAL - Lafayette, LA

    Property size:
    4,200 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $154/SF
    Added:
    Mar 6, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 6 at 10:06 am

    Property Features for 2807 Kaliste Saloom Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CM1
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3
    Parking features
    Off Street, Parking Lot
    Exterior features
    Pole Sign
    Standard status
    Active
    APN
    6024175
    Size
    4,200 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Description
    Sec 70 T10 S R4E (.343 Ac) (130x105.22)

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Selena C Lormand

    Listing agent Selena C Lormand License #26302

    Listing office Keller Williams Realty Acadiana 100 Asma Blvd, Suite 100, Lafayette, LA

    Listing date Mar 6, 2026

    MLS# 2600001761

    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.

    HighLights

    • High visibility location in the heart of Lafayette, ideal for office, medical, or retail use.
    • Mixed‑use building offers income potential while occupying space.
    • Three separate suites provide flexibility for leasing or owner occupancy.
    • Existing lease generates $5,000 per month in income.
    • 17 off‑street parking spots, including one handicap accessible spot.
    • Versatile upstairs space with a full bath.

    Overview

    This mixed-use building is located in the heart of Lafayette, Louisiana, offering high visibility and accessibility suitable for office, medical, or retail use. The property features multiuse capabilities, allowing for owner occupancy while generating income. The building includes three separate suites. One suite is currently generating $5,000 per month in income. Another space is suitable for a possible medical space for lease at $2,000 per month. The upstairs area is a large, open space with a full bath, offering various possibilities for use. The property provides the opportunity to generate streams of income or for owner use. There are 17 parking spots available, including one handicap-accessible spot. The lot size is 0.34 acres. The building has 4,200 square feet of space and is zoned CM1.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $79.1k $18.84
    − Vacancy −$6.4k −$1.51
    EGI $72.8k $17.33
    − OpEx −$21.8k −$5.20
    NOI $50.9k $12.13
    4,200 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $727.7K
    $636.7K – $848.9K (±1% cap)
    NOI $50,936 @ 7.0% cap · market cap 7.85%
    Second Best
    Mixed Use
    $693.0K
    $606.4K – $808.5K (±1% cap)
    NOI $48,510 @ 7.0% cap · market cap 7.47%
    Theoretical Best
    Office A
    $993.0K
    $868.9K – $1.16M (±1% cap)
    NOI $69,512 @ 7.0% cap · market cap 10.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    iCARE Community Pharmacy Pharmacy Alternative perspective llc Physician iCARE Community Pharmacy ... Pharmacy Dr. Opal E. ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.052351
    Latitude
    30.152097

    Nearby Similar for Sale

    • $735,000
      5,856 SF

      Neighborhood Strip Center Investment

      Fully leased strip center with four suites and strong on-site parking in a high-demand commercial corridor.
      107 Energy Parkway, Lafayette, LA 70508
      View Details
    • $825,000
      3,476 SF

      Historic Downtown Lafayette Commercial Property

      Renovated historic commercial property in downtown Lafayette with rental income.
      120 Caillouett Place, Lafayette, LA 70501
      View Details
    • $375,000
      4,000 SF

      Versatile Commercial Property on Corner Lot

      4,000 SF commercial property suitable for various business uses.
      1101 Louisiana Avenue, Lafayette, LA 70501
      View Details
    • $285,000
      5,800 SF

      Versatile Industrial Facility Near Highway

      Well-maintained industrial building with three suites and high accessibility.
      405 Mecca Street, Lafayette, LA 70508
      View Details
    • $425,000
      3,900 SF

      Downtown Lafayette Commercial Property

      Prime commercial property in downtown Lafayette with office and warehouse space.
      310 S Buchanan Street, Lafayette, LA 70501
      View Details
    • $1,100,000
      8,576 SF

      Lafayette Multi-Purpose Event Center

      Versatile event center with commercial kitchen and outdoor pavilion.
      200 Rue Du Belier, Lafayette, LA 70506
      View Details
    • $475,000
      5,000 SF

      Lafayette Commercial Investment Opportunity

      Two-unit commercial property with office, warehouse, and retail spaces.
      201 Marcon Drive, Lafayette, LA 70507
      View Details
    • $380,000
      2,570 SF

      Former Coffee Shop Opportunity

      Commercial property in Lafayette, formerly a coffee shop, priced to sell.
      410 Poydras Street, Lafayette, LA 70501
      View Details
    • $525,000
      2,067 SF

      Professional Office Building For Sale

      Impressive office building suitable for medical or professional use.
      113 Representative, Lafayette, LA 70508
      View Details
    • $1,300,000
      8,816 SF

      Professional Office with Optional Income

      Well-maintained office property in Lafayette with flexible income potential.
      114 Representative Row, Lafayette, LA 70508
      View Details
    • $495,000
      3,001 SF

      Versatile Office Property Near Downtown

      Centrally located office property with flexible tenant suite options.
      311 W University Avenue, Lafayette, LA 70501
      View Details
    • $340,000
      5,700 SF

      Adaptable Commercial Property, Lafayette

      Unique commercial property with warehouse, office, and residential spaces.
      3121 Cameron Street, Lafayette, LA 70506
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with income potential in a high-visibility location.
    Where is this mixed-use property located?
    The property is located at 2807 Kaliste Saloom Road Lafayette, LA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: High visibility location in the heart of Lafayette, ideal for office, medical, or retail use.; Mixed‑use building offers income potential while occupying space.; Three separate suites provide flexibility for leasing or owner occupancy.
    (337) 962-6305
    We can help!
    Listing Contact
    Selena C Lormand
    Real Estate License ID: 26302
    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.
    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
    2807 Kaliste Saloom Road, Lafayette, LA 70508
    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!