Multiuse Office Space For
For Sale
$629,000
Pending
2807 Kaliste Saloom Rd, Lafayette, LA 70508
Multiuse office space with income potential in Lafayette, LA.
Property Size4,200 SF
Days on Market215
Property Features for 2807 Kaliste Saloom Rd
General Information
Standard status
Pending
Size
4,200 SF
Property subtype
Office
Zoning
CM-1
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Selena Lormand · License #26302
(337) 962-6305
Source:
Lacdb.resimplifi
Added: Mar 6
Changed: Sep 9
Last Checked: Oct 7 at 8:31AM
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 Keller Williams Realty Acadiana
Investment Insights
Based on property information with market context.
This multiuse office space offers flexibility for owner-occupancy and investment. The property is configured into three separate spaces, providing the option to occupy one space while generating income from the others, or to lease out all three spaces. One space is currently leased to a mortgage company for $5,000 per month. Another space is designed as a medical office, available for lease at $2,000 per month, and includes three exam rooms, one office, a reception area, a waiting room, a bathroom, and a kitchenette/laundry room. The upstairs area features a full bathroom and a large, open space suitable for various uses, and is currently vacant. The property has a total size of 4200 square feet.
Key Highlights
- Multiuse office space ideal for owner‑occupancy or investment.
- Generate income by leasing out three separate spaces.
- One space currently leased to a mortgage company generating $5,000 monthly.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,875
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,500
$977.5K
Cap Rate 7%
$698,214
$698.2K
Cap Rate 9%
$543,056
$543.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$75.6K $18.00/SF
− Vacancy
−$10.4K −$2.48/SF
EGI
$65.2K $15.52/SF
− OpEx
−$16.3K −$3.88/SF
NOI
$48.9K $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 Rate 5%
$977,500
Cap Rate 7%
$698,214
Cap Rate 9%
$543,056
Alternative Uses
Best Use
Office B
$698.2K
$610.9K – $814.6K
NOI $48,875 @ 7.0% cap · market cap 7.77%
Second Best
Healthcare Medical
$680.4K
$595.4K – $793.8K
NOI $47,628 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$993.0K
$868.9K – $1.16M
NOI $69,512 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
863
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Multiuse office space with income potential in Lafayette, LA.
Where is this office units located?
The property is located at 2807 Kaliste Saloom Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Multiuse office space ideal for owner‑occupancy or investment.; Generate income by leasing out three separate spaces.; One space currently leased to a mortgage company generating $5,000 monthly.
