Multiuse Office Space For
For Sale
Contact for pricing
Pending
2807 Kaliste Saloom Rd, Lafayette, LA 70508
Multiuse office space with income potential in Lafayette, LA.
Property Size4,200 SF
Days on Market170
Property Features for 2807 Kaliste Saloom Rd
General Information
Standard status
Pending
Size
4,200 SF
Property subtype
Office
Zoning
CM1
Occupancy
30%
Lease Type
Gross
Building Details
Year Built
20
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty Acadiana
(337) 962-6305
Listed By:
Selena Lormand · License #LA 26302
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Jul 31 at 1:11PM
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 = 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
$48,875
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
7.53%
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%
$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
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
$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 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%
$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 7.53%
Second Best
Healthcare Medical
$680.4K
$595.4K – $793.8K
NOI $47,628 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$993.0K
$868.9K – $1.16M
NOI $69,512 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - 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 $649,000.
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.
