Building Details

Tenancy Single

Listing Agency: Elifin Realty

Listed By: Fabian Edwards Show Phone

Source: Lacdb.resimplifi

Added: Aug 12 Changed: Sep 25 Last Checked: Oct 5 at 3:07PM

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Investment Insights

Based on property information with market context.

Suite 202A is a 3,850-square-foot office condominium within Parc Lafayette. The space is fully leased to Ameriprise under an NNN lease running through March 31, 2029. The offering carries a 7.4% cap rate and is classified CH - COMMERCIAL HEAVY.

The property is located on Kaliste Saloom Road in Lafayette, minutes from the River Ranch area. The surrounding commercial and residential corridor includes shopping, dining, office and medical uses, along with higher-end residential development.

The suite provides a leased office ownership opportunity in an established commercial setting, with tenancy and lease structure already in place.

Key Highlights

• 3,850‑square‑foot office condo in Parc Lafayette
• Fully leased to Ameriprise through March 31, 2029
• NNN lease structure

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,802

Cap Rate

3.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$896,040 $896.0K

Cap Rate 7%

$640,029 $640.0K

Cap Rate 9%

$497,800 $497.8K

Market Conditions

NOI Build-Up for 3,850 SF

Gross rent

$69.3K $18.00/SF

− Vacancy

−$9.6K −$2.48/SF

EGI

$59.7K $15.52/SF

− OpEx

−$14.9K −$3.88/SF

NOI

$44.8K $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 Rate 5%

$896,040

Cap Rate 7%

$640,029

Cap Rate 9%

$497,800

Alternative Uses

Best Use

Office B

$640.0K

$560.0K – $746.7K (±1% cap)

NOI $44,802 @ 7.0% cap · market cap 3.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$910.3K

$796.5K – $1.06M (±1% cap)

NOI $63,719 @ 7.0% cap · market cap 4.92%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Armentor Jewelers (Bike/Boat/Book/etc) Store Hard Money Lenders ... Loan Service Acadiana Center for Natural ... Alternative Medicine Practice Quality Plus Insurance Insurance Agency Pete Nicolosi & Associates Insurance Agency

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Auto Repair Shop Auto Parts Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,377

Businesses Nearby

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - NNN-leased office unit with tenancy through March 31, 2029.

Where is this office units located?

The property is located at 1921 Kaliste Saloom Rd Lafayette, LA.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: 3,850‑square‑foot office condo in Parc Lafayette; Fully leased to Ameriprise through March 31, 2029; NNN lease structure