Mixed-Use Building with Three
For Sale
$629,000
Pending
2807 Kaliste Saloom Road, Lafayette, LA 70508
COMMERCIAL - Lafayette, LA
Property Size4,200 SF
Lot Size0.34 Acres
Days on Market169
Property Features for 2807 Kaliste Saloom Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM1
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Parking Lot, Off Street
Exterior features
Pole Sign
Directions
Kaliste Saloom Cross over Ambassador Caffery, Building on Left hand side of Road
Subdivision
N
Standard status
Pending
APN
6024175
Size
4,200 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
Sec 70 T10 S R4E (.343 Ac) (130x105.22)
Legal Description
Sec 70 T10 S R4E (.343 Ac) (130x105.22)
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Vinyl
Building materials
Stucco
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Selena C Lormand · License #26302
(337) 962-6305
Added: Mar 6
Changed: Aug 18
Last Checked: Aug 22 at 2:06AM
MLS# 2600001761
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,200-square-foot mixed-use building is configured as three separate suites, supporting a range of office, medical, and retail applications. The upper level provides one large open area with a full bathroom, while the property also includes multiple additional bathrooms. Vinyl flooring, central air conditioning, central electric heat, a metal roof, stucco construction, and public water service are in place.
Located at 2807 Kaliste Saloom Road in Lafayette, the property offers access and visibility along a commercial roadway. The site encompasses 0.34 acres and includes 17 parking spaces, including one designated for handicap accessibility. A pole sign provides on-site identification, and parking is provided through a dedicated lot with additional off-street capacity.
Located at 2807 Kaliste Saloom Road in Lafayette, the property offers access and visibility along a commercial roadway. The site encompasses 0.34 acres and includes 17 parking spaces, including one designated for handicap accessibility. A pole sign provides on-site identification, and parking is provided through a dedicated lot with additional off-street capacity.
Key Highlights
- 4,200 SF mixed‑use building on 0.34 acres
- Three separate suites, including an upper‑level open area with a full bathroom
- CM1 zoning
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
7.77%
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 7.77%
Second Best
Mixed Use
$693.0K
$606.4K – $808.5K
NOI $48,510 @ 7.0% cap · market cap 7.71%
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial property with office, medical, and retail use potential, plus dedicated parking and CM1 zoning.
Where is this mixed-use property located?
The property is located at 2807 Kaliste Saloom Road 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: 4,200 SF mixed‑use building on 0.34 acres; Three separate suites, including an upper‑level open area with a full bathroom; CM1 zoning
