Fully Leased Office
For Sale
$1,295,000
1921 Kaliste Saloom Road Ste 202A, Lafayette, LA 70508
Office condominium with an NNN lease and established commercial surroundings near River Ranch.
Property Size3,850 SF
Days on Market9
Property Features for 1921 Kaliste Saloom Road Ste 202A
General Information
Standard status
Active
Size
3,850 SF
Property subtype
Strip Center
Occupancy
100%
Additional Details
Cap Rate
7.4%
Building Details
Building Size
3,850 SF
Tenancy
Single
Listing Agency:
Elifin Realty
(985) 974-8301
Listed By:
Fabian Edwards
(985) 974-8301
Source:
Thebrokerlist
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 22 at 3:36AM
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
Investment Insights
Based on property information with market context.
Suite 202A at 1921 Kaliste Saloom Road is an office condominium occupied by Ameriprise under an NNN lease. The tenancy runs through March 31, 2029, providing a defined lease term for the next owner. The property is located within Parc Lafayette, a commercial setting near the River Ranch area.
The surrounding corridor includes shopping, dining, office and medical uses, along with higher-end residential development. The location also places the suite within an established mix of commercial and residential activity in Lafayette. The property is offered as a leased office investment with a stated 7.4% cap rate.
The surrounding corridor includes shopping, dining, office and medical uses, along with higher-end residential development. The location also places the suite within an established mix of commercial and residential activity in Lafayette. The property is offered as a leased office investment with a stated 7.4% cap rate.
Key Highlights
- Office condo at 1921 Kaliste Saloom Road, Suite 202A
- Leased 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
Property Profile
Current Use
Lease Details
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 - Office condominium with an NNN lease and established commercial surroundings near River Ranch.
Where is this office units located?
The property is located at 1921 Kaliste Saloom Road Ste 202A 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: Office condo at 1921 Kaliste Saloom Road, Suite 202A; Leased through March 31, 2029; NNN lease structure
