Retail Space in Mixed-Use
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 Market677
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
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Description
LOT 2A UNIT 201B PARC LAFAYETTE CENTER (1766 SF) (1.91%INTEREST IN COMMON ELEMENTS & LIMITEDCOMMON ELEMENTS)
Tax Annual Amount
3424
Legal Description
LOT 2A UNIT 201B PARC LAFAYETTE CENTER (1766 SF) (1.91%INTEREST IN COMMON ELEMENTS & LIMITEDCOMMON ELEMENTS)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Frame
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 23
Last Checked: Oct 23 at 7:06PM
MLS# 24011276
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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Investment Insights
Based on property information with market context.
This 1,766-square-foot retail space is currently configured for restaurant use and can also accommodate retail or office operations. The frame-built property has central heating and air conditioning, a tar-and-gravel roof, and one bathroom. Public water and sewer serve the site, with natural gas available.
The 0.1-acre property is within Parc Lafayette at 1921 Kaliste Saloom Road, near the intersection with Camellia Boulevard. The center includes shopping, lodging, dining, entertainment, a park, and an events center. Office and retail construction is underway across the street.
The 0.1-acre property is within Parc Lafayette at 1921 Kaliste Saloom Road, near the intersection with Camellia Boulevard. The center includes shopping, lodging, dining, entertainment, a park, and an events center. Office and retail construction is underway across the street.
Key Highlights
- 1,766‑square‑foot retail property with restaurant use
- Retail or office use can be accommodated
- 0.1‑acre site 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.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The existing restaurant layout can also accommodate retail or office use.
Where is this retail space 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: 1,766‑square‑foot retail property with restaurant use; Retail or office use can be accommodated; 0.1‑acre site in Parc Lafayette
