Industrial Flex Space with
For Sale
$400,000
130 Salsman St, Lafayette, LA 70506
CH-zoned industrial property combining office space, warehouse capacity, roll-up access, and stabilized outdoor storage area.
Property Size6,640 SF
Price / SF$60.24
Days on Market16
Property Features for 130 Salsman St
General Information
Standard status
Active
Size
6,640 SF
Total Parking Spaces
20
Property subtype
Industrial
Zoning
CH
Additional Details
Outdoor Storage
Yes
Office Build-Out
1,000 SF
Amenities
Power
Water
Sewer
20 Parking Spaces
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Lucius Hornsby · License #69258
(337) 344-9949
Source:
Lacdb.resimplifi
Added: Sep 4
Changed: Sep 14
Last Checked: Sep 19 at 6:01AM
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 Keller Williams Realty Acadiana
Investment Insights
Based on property information with market context.
This CH-zoned flex property provides 6,640 sqft. of combined office and warehouse space. The layout includes 1,000 sq.ft. of office space and over 5,500 sq.ft. of warehouse area, supporting a range of industrial operations and storage needs. Four roll-up doors provide direct access to the warehouse component.
The property occupies over half an acre and includes stabilized yard space for outdoor storage, staging, or equipment handling. Its combination of enclosed industrial area, dedicated office space, multiple roll-up doors, and usable yard area creates a practical configuration for an industrial owner-user or operator.
The property occupies over half an acre and includes stabilized yard space for outdoor storage, staging, or equipment handling. Its combination of enclosed industrial area, dedicated office space, multiple roll-up doors, and usable yard area creates a practical configuration for an industrial owner-user or operator.
Key Highlights
- 6,640 sqft. of combined warehouse and office space
- 1,000 sq.ft. of office space
- Over 5,500 sq.ft. of warehouse space
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
$31,328
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
7.83%
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%
$626,560
$626.6K
Cap Rate 7%
$447,543
$447.5K
Cap Rate 9%
$348,089
$348.1K
Market Conditions
NOI Build-Up for 6,640 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
$47.0K $7.08/SF
− Vacancy
−$2.3K −$0.34/SF
EGI
$44.8K $6.74/SF
− OpEx
−$13.4K −$2.02/SF
NOI
$31.3K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
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%
$626,560
Cap Rate 7%
$447,543
Cap Rate 9%
$348,089
Alternative Uses
Best Use
Warehouse
$543.4K
$475.5K – $634.0K
NOI $38,041 @ 7.0% cap · market cap 9.51%
Second Best
Industrial
$447.5K
$391.6K – $522.1K
NOI $31,328 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,895 @ 7.0% cap · market cap 27.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - CH-zoned industrial property combining office space, warehouse capacity, roll-up access, and stabilized outdoor storage area.
Where is this flex space located?
The property is located at 130 Salsman St Lafayette, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 6,640 sqft. of combined warehouse and office space; 1,000 sq.ft. of office space; Over 5,500 sq.ft. of warehouse space
