Flex Facility with Office and
For Sale
$5,425,000
Pending
730 E Kaliste Saloom Rd, Lafayette, LA 70508
Mixed office, laboratory, and warehouse improvements create a versatile commercial facility with furnished work areas and substantial parking.
Property Size45,289 SF
Lot Size6.95 Acres
Days on Market1076
Property Features for 730 E Kaliste Saloom Rd
General Information
Standard status
Pending
Size
45,289 SF
Total Parking Spaces
248
Lot size
6.95 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
11,204 SF
Office Build-Out
29,500 SF
Additional Details
Furnished
Yes
Amenities
conference room
coffee room
reception area
coffee bar
Water
Sewer
248 Parking Spaces
Building Details
Year Built
1995
Building Size
45,289 SF
Listing Agency:
Property One Inc Lafayette
(337) 234-7307
Listed By:
Steve Pellessier
(337) 234-7307
Source:
Lacdb.resimplifi
Added: Sep 22, 2023
Changed: Aug 31
Last Checked: Aug 31 at 1:14PM
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 Property One Inc Lafayette
Investment Insights
Based on property information with market context.
This 45,289-square-foot flex facility combines 29,500 square feet of office area, 4,585 square feet of laboratory space, and 11,204 square feet of warehouse improvements. The office component includes 110 mostly furnished offices, three conference rooms, two coffee rooms, and a large reception area. The laboratory space is air-conditioned and equipped with work tables and a coffee bar.
The warehouse provides a 24-foot eave height, four large roll-up doors, a 5-ton hoist, dual exhaust fans, two storage lofts, and full insulation. Additional site improvements include 3,384 square feet of covered storage, 225 parking spaces, and 2.2 fenced acres within the 6.95-acre property. Constructed in 1995, the facility is located at 730 E. Kaliste Saloom Road in Lafayette, with access off Highway 90.
The warehouse provides a 24-foot eave height, four large roll-up doors, a 5-ton hoist, dual exhaust fans, two storage lofts, and full insulation. Additional site improvements include 3,384 square feet of covered storage, 225 parking spaces, and 2.2 fenced acres within the 6.95-acre property. Constructed in 1995, the facility is located at 730 E. Kaliste Saloom Road in Lafayette, with access off Highway 90.
Key Highlights
- 45,289‑square‑foot flex facility with office, laboratory, and warehouse components
- Office area totals 29,500 square feet and includes 110 mostly furnished offices
- Laboratory space measures 4,585 square feet and includes work tables and a coffee bar
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
$259,467
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
4.78%
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%
$5,189,340
$5.2M
Cap Rate 7%
$3,706,671
$3.7M
Cap Rate 9%
$2,882,967
$2.9M
Market Conditions
NOI Build-Up for 45,289 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
$320.6K $7.08/SF
− Vacancy
−$15.4K −$0.34/SF
EGI
$305.3K $6.74/SF
− OpEx
−$45.8K −$1.01/SF
NOI
$259.5K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$5,189,340
Cap Rate 7%
$3,706,671
Cap Rate 9%
$2,882,967
Alternative Uses
Best Use
Office B
$7.53M
$6.59M – $8.78M
NOI $527,028 @ 7.0% cap · market cap 9.71%
Second Best
Warehouse
$3.71M
$3.24M – $4.32M
NOI $259,467 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$10.71M
$9.37M – $12.49M
NOI $749,551 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Well-served
Demand for This Use
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.
Similar Off Market Nearby
- Firehouse Subs Kaliste Saloom — 104 E Kaliste Saloom Rd #109, Lafayette, LA 70508
- Cafe Bella — 301 Heymann Blvd, Lafayette, LA 70503
- ESS Support Services Worldwide — 503 W Pinhook Rd, Lafayette, LA 70503
Frequently Asked Questions
What type of property is this?
Flex space - Mixed office, laboratory, and warehouse improvements create a versatile commercial facility with furnished work areas and substantial parking.
Where is this flex space located?
The property is located at 730 E Kaliste Saloom Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $5,425,000.
What are key features of this property?
This property features: 45,289‑square‑foot flex facility with office, laboratory, and warehouse components; Office area totals 29,500 square feet and includes 110 mostly furnished offices; Laboratory space measures 4,585 square feet and includes work tables and a coffee bar
