3-Suite Mixed-Use
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 Market221
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 3, Bathroom 1, Bathroom 2
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
Sewer type
Public Sewer
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: Oct 8
Last Checked: Oct 13 at 7:06AM
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.
The 4,200-square-foot mixed-use building contains three separate suites. The upper floor is configured as one open area with a full bathroom. Building features include stucco exterior walls, vinyl flooring, central heating and air conditioning, and a metal roof. A pole sign is also present.
The property occupies 0.34 acres at 2807 Kaliste Saloom Road in Lafayette. It has 17 parking spaces, including one accessible space, and public water and sewer service. The zoning designation is CM1.
The property occupies 0.34 acres at 2807 Kaliste Saloom Road in Lafayette. It has 17 parking spaces, including one accessible space, and public water and sewer service. The zoning designation is CM1.
Key Highlights
- Three separate suites within a 4,200‑square‑foot mixed‑use building
- 0.34‑acre property zoned CM1
- 17 parking spaces, including one accessible space
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.
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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
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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?
Mixed-use property - CM1-zoned property offers on-site parking and an upper-level area with a full bathroom.
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: Three separate suites within a 4,200‑square‑foot mixed‑use building; 0.34‑acre property zoned CM1; 17 parking spaces, including one accessible space
