Storefront Retail
For Sale
$465,000
1921 Kaliste Saloom Road 201b, Lafayette, LA 70508
Existing restaurant space at a prominent Lafayette intersection with flexibility for retail or office occupancy.
Property Size1,766 SF
Price / SF$263.31
Days on Market87
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Property Features for 1921 Kaliste Saloom Road 201b
General Information
Standard status
Active
Size
1,766 SF
Listing Agency:
Compass
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Source:
Athomerealtyla
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 4:15PM
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 Compass
Investment Insights
Based on property information with market context.
This storefront property at 1921 Kaliste Saloom Road, Suite 201B, is currently configured for restaurant use. The space can also support retail or office occupancy, giving the next owner flexibility across several commercial formats.
The property sits at the intersection of Kaliste Saloom Road and Camellia Boulevard in Lafayette. New office and retail construction is underway across the street, while the surrounding mixed-use setting includes shopping, lodging, dining, entertainment, a park, and an events center.
The property sits at the intersection of Kaliste Saloom Road and Camellia Boulevard in Lafayette. New office and retail construction is underway across the street, while the surrounding mixed-use setting includes shopping, lodging, dining, entertainment, a park, and an events center.
Key Highlights
- 1,766 property size at 1921 Kaliste Saloom Road, Suite 201B
- Currently used as a restaurant
- Suitable for retail or office use
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
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Current Use
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?
Storefront property - Existing restaurant space at a prominent Lafayette intersection with flexibility for retail or office occupancy.
Where is this storefront property located?
The property is located at 1921 Kaliste Saloom Road 201b 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 property size at 1921 Kaliste Saloom Road, Suite 201B; Currently used as a restaurant; Suitable for retail or office use
