Medical Office Condo For
For Sale
$725,000
1103 Kaliste Saloom Rd, Lafayette, LA 70508
Medical office condo located on hospital campus available for sale.
Property Size4,155 SF
Price / SF$174.49
Days on Market641
Property Features for 1103 Kaliste Saloom Rd
General Information
Standard status
Active
Size
4,155 SF
Listing Agency:
NAI Rampart
(337) 298-4149
Listed By:
Jeremy P Harson · License #LA75901
(337) 298-4149
Source:
Exprealty
Added: Nov 26, 2024
Changed: Aug 28
Last Checked: Aug 26 at 10:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Rampart
Investment Insights
Based on property information with market context.
This 4,155 RSF medical office condo is available for sale. It is located on the second floor of a building conveniently situated on the Lafayette Surgical and Lourdes Heart Hospital campus on Kaliste Saloom Road. The layout includes a lobby and waiting room, a large reception area, three private offices, a large nurses' station, five exam rooms, two private restrooms, and a breakroom. The property is also available for lease.
Key Highlights
- Prime location on the Lafayette Surgical and Lourdes Heart Hospital campus.
- Substantial medical office space of 4,155 RSF.
- Well‑equipped with a lobby/waiting room, large reception area, and nurses station.
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
$48,352
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
6.67%
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%
$967,040
$967.0K
Cap Rate 7%
$690,743
$690.7K
Cap Rate 9%
$537,244
$537.2K
Market Conditions
NOI Build-Up for 4,155 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
$74.8K $18.00/SF
− Vacancy
−$10.3K −$2.48/SF
EGI
$64.5K $15.52/SF
− OpEx
−$16.1K −$3.88/SF
NOI
$48.4K $11.64/SF
Area
Lafayette, 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%
$967,040
Cap Rate 7%
$690,743
Cap Rate 9%
$537,244
Alternative Uses
Best Use
Office B
$690.7K
$604.4K – $805.9K
NOI $48,352 @ 7.0% cap · market cap 6.67%
Second Best
Healthcare Medical
$673.1K
$589.0K – $785.3K
NOI $47,118 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$982.4K
$859.6K – $1.15M
NOI $68,767 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
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?
Medical Office Space - Medical office condo located on hospital campus available for sale.
Where is this medical office space located?
The property is located at 1103 Kaliste Saloom Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime location on the Lafayette Surgical and Lourdes Heart Hospital campus.; Substantial medical office space of 4,155 RSF.; Well‑equipped with a lobby/waiting room, large reception area, and nurses station.
