Mixed-Use Building with Three
For Sale
$629,000
Pending
2807 Kaliste Saloom Road, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size4,200 SF
Lot Size0.34 Acres
Days on Market215
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 1, Bathroom 3, Bathroom 2
Parking features
Off Street, Parking Lot
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: Sep 13
Last Checked: Oct 7 at 9:06AM
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 at 2807 Kaliste Saloom Road includes three separate suites arranged for varied commercial occupancy. One suite is currently income-producing, while another may accommodate medical use. The upper level provides a large open area with a full bathroom, creating additional flexibility for an owner-user or tenant configuration.
The property sits on 0.34 acres in Lafayette and includes 17 parking spots, with one designated as handicap accessible. Site features include a pole sign, parking lot, public water, stucco construction, vinyl flooring, a metal roof, central air, and electric central heating. CM1 zoning supports the property’s mixed-use commercial profile.
The property sits on 0.34 acres in Lafayette and includes 17 parking spots, with one designated as handicap accessible. Site features include a pole sign, parking lot, public water, stucco construction, vinyl flooring, a metal roof, central air, and electric central heating. CM1 zoning supports the property’s mixed-use commercial profile.
Key Highlights
- 4,200‑square‑foot mixed‑use building
- Three separate suites with varied commercial layouts
- Upper‑level open space includes a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,936
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,720
$1.0M
Cap Rate 7%
$727,657
$727.7K
Cap Rate 9%
$565,956
$566.0K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$79.1K $18.84/SF
− Vacancy
−$6.4K −$1.51/SF
EGI
$72.8K $17.33/SF
− OpEx
−$21.8K −$5.20/SF
NOI
$50.9K $12.13/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,720
Cap Rate 7%
$727,657
Cap Rate 9%
$565,956
Alternative Uses
Best Use
Retail
$727.7K
$636.7K – $848.9K
NOI $50,936 @ 7.0% cap · market cap 8.10%
Second Best
Office B
$698.2K
$610.9K – $814.6K
NOI $48,875 @ 7.0% cap · market cap 7.77%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 layout with office, medical, and retail use potential, plus off-street parking and a pole sign.
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‑square‑foot mixed‑use building; Three separate suites with varied commercial layouts; Upper‑level open space includes a full bathroom
