Flex Space with Stabilized
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 Market32
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
Directions
West on Cameron, Left on Salsman
Subdivision
G3
Standard status
Active
APN
6055973
Size
6,640 SF
Lot size
0.57 Acres
Additional Details
Property Use
Industrial
Taxes and HOA fees
Tax Description
PLOT 1 SEC 27 T9S R4E (.57 AC)
Tax Annual Amount
900
Legal Description
PLOT 1 SEC 27 T9S R4E (.57 AC)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Lucius Hornsby · License #69258
(337) 344-9949
Added: Sep 22
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2600008911
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains 6,640 square feet, including 1,000 square feet of office area and more than 5,500 square feet of warehouse space. Four roll-up doors serve the warehouse, and stabilized yard area is part of the 0.57-acre site.
The building has metal siding and a metal roof, with central heating and central air. The property is zoned COMM and includes a parking lot. Natural gas is available, and the site is served by public sewer.
The building has metal siding and a metal roof, with central heating and central air. The property is zoned COMM and includes a parking lot. Natural gas is available, and the site is served by public sewer.
Key Highlights
- 6,640 square feet total, with 1,000 square feet of office area
- More than 5,500 square feet of warehouse space
- Four roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,328
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Frequently Asked Questions
What type of property is this?
Flex space - A combined office and warehouse layout offers space for administrative work and storage or 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 total, with 1,000 square feet of office area; More than 5,500 square feet of warehouse space; Four roll‑up doors
