Restaurant Space in Parc
For Sale
$465,000
1921 Kaliste Saloom Road, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size1,766 SF
Lot Size0.10 Acres
Price / SF$263.31
Days on Market670
Property Features for 1921 Kaliste Saloom Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
Level
Directions
Kaliste Saloom at Camellia
Subdivision
G1
Standard status
Active
APN
6157015
Size
1,766 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
LOT 2A UNIT 201B PARC LAFAYETTE CENTER (1766 SF) (1.91%INTEREST IN COMMON ELEMENTS & LIMITEDCOMMON ELEMENTS)
Legal Description
LOT 2A UNIT 201B PARC LAFAYETTE CENTER (1766 SF) (1.91%INTEREST IN COMMON ELEMENTS & LIMITEDCOMMON ELEMENTS)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shopping
lodging
dining
entertainment
park
events center
Building Details
Floors in Building
1
Roof type
Tar/Gravel
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Added: Dec 15, 2024
Changed: Oct 8
Last Checked: Oct 16 at 2:06AM
MLS# 24011276
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,766-square-foot commercial property in Parc Lafayette is currently used as a restaurant. Its stated use flexibility includes retail and office, and the site measures 0.1 acres. The building has central heating and air conditioning, public water and sewer, a tar-and-gravel roof, and one bathroom.
At 1921 Kaliste Saloom Road, the property sits at the Camellia Boulevard intersection. Office and retail construction is underway across the street. Parc Lafayette is a mixed-use development with shopping, lodging, dining, entertainment, a park, and an events center.
At 1921 Kaliste Saloom Road, the property sits at the Camellia Boulevard intersection. Office and retail construction is underway across the street. Parc Lafayette is a mixed-use development with shopping, lodging, dining, entertainment, a park, and an events center.
Key Highlights
- Currently configured for restaurant use, with retail and office also accommodated
- 1,766 square feet on 0.1 acres
- At Kaliste Saloom Road and Camellia Boulevard in Parc Lafayette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,947
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,940
$458.9K
Cap Rate 7%
$327,814
$327.8K
Cap Rate 9%
$254,967
$255.0K
Market Conditions
NOI Build-Up for 1,766 SF
Gross rent
$33.3K $18.84/SF
− Vacancy
−$2.7K −$1.51/SF
EGI
$30.6K $17.33/SF
− OpEx
−$7.6K −$4.33/SF
NOI
$22.9K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,940
Cap Rate 7%
$327,814
Cap Rate 9%
$254,967
Alternative Uses
Best Use
Specialty Retail
$327.8K
$286.8K – $382.5K
NOI $22,947 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$306.0K
$267.7K – $357.0K
NOI $21,417 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$417.5K
$365.4K – $487.1K
NOI $29,228 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - CH-zoned commercial space suited to restaurant, retail, or office use.
Where is this conventional restaurant located?
The property is located at 1921 Kaliste Saloom Road Lafayette, LA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Currently configured for restaurant use, with retail and office also accommodated; 1,766 square feet on 0.1 acres; At Kaliste Saloom Road and Camellia Boulevard in Parc Lafayette
