Fully Leased Office
For Sale
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1921 Kaliste Saloom Road, Lafayette, LA 70508
NNN-leased office unit with tenancy through March 31, 2029.
Property Size3,850 SF
Price / SF$336.36
Days on Market11
Property Features for 1921 Kaliste Saloom Road
General Information
Standard status
Active
Size
3,850 SF
Property subtype
Office
Zoning
CH - COMMERCIAL HEAVY
Occupancy
100%
Additional Details
Cap Rate
7.4%
Office Units
1
Building Details
Tenancy
Single
Listing Agency:
Elifin Realty Baton Rouge
(800) 895-9329
Listed By:
Fabian Edwards · License #LA
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 21 at 9:19PM
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 Elifin Realty Baton Rouge
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.
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 = 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
$44,802
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
3.46%
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%
$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
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
$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 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%
$896,040
Cap Rate 7%
$640,029
Cap Rate 9%
$497,800
Alternative Uses
Best Use
Office B
$640.0K
$560.0K – $746.7K
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
NOI $63,719 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 Road 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
