Flex Space with Stabilized
New
For Sale
$400,000
130 Salsman Street, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size6,640 SF
Lot Size0.57 Acres
Price / SF$60.24
Days on Market5
Property Features for 130 Salsman Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Exterior features
OH Door 10 - 15 Ft, Stabilized Yard Base
Subdivision
Elphege Roger
Directions
West on Cameron, Left on Salsman
Standard status
Active
APN
6055973
Size
6,640 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
PLOT 1 SEC 27 T9S R4E (.57 AC)
Legal Description
PLOT 1 SEC 27 T9S R4E (.57 AC)
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Lucius A Hornsby · License #69258
(337) 344-9949
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 26 at 7:06AM
MLS# 2600008911
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.
Investment Insights
Based on property information with market context.
This flex-space property contains 6,640 square feet, including 1,000 square feet of office area and over 5,500 square feet of warehouse space. The industrial building includes four roll-up doors, a metal roof, two bathrooms, central heating, and central air conditioning. A parking lot and stabilized yard provide additional site improvements, while the 0.57-acre parcel offers space for yard-oriented operations.
The property is zoned COMM and located in Lafayette, Louisiana. Its combination of office, warehouse, parking, and yard components supports a range of commercial and industrial uses, subject to applicable zoning and approvals.
The property is zoned COMM and located in Lafayette, Louisiana. Its combination of office, warehouse, parking, and yard components supports a range of commercial and industrial uses, subject to applicable zoning and approvals.
Key Highlights
- 6,640 square feet of combined office and warehouse space
- 1,000 square feet of office area
- Over 5,500 square feet 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse space with roll-up doors, central HVAC, and a stabilized yard for commercial operations.
Where is this flex space located?
The property is located at 130 Salsman Street 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 square feet of combined office and warehouse space; 1,000 square feet of office area; Over 5,500 square feet of warehouse space
