Retail Strip Center For
1501 Kaliste Saloom Rd Lafayette, LA 70508
1501 Kaliste Saloom Rd, Lafayette, LA, 70508
Contact for pricing
For Sale
Contact for pricing
18,000 sq ft strip center near River Ranch.
Property Size18,000 SF
Lot Size1.60 Acres
Price / SF$166.67
Days on Market639
Property Features for 1501 Kaliste Saloom Rd
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Lot size
- 1.60 Acres
- Property subtype
- Retail
Listing agency
NAI Rampart
(337) 298-6169
Listed by
Dewitt David · License #LA 46838
Source
Crexi
Added: Oct 22, 2024 Updated: Jul 6 at 8:22AM Checked: Jul 22 at 3:46PM
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 NAI Rampart
Investment Insights
Based on property information with market context.
This strip center features ten suites, totaling 18,000 square feet, situated on approximately 1.6 acres. The property includes 87 parking spaces. Located two blocks from River Ranch, a Traditional Neighborhood Development. Owner financing may be possible.
Key Highlights
- High Parking Capacity: 87 parking spaces available.
- Prime Location: Just two blocks from River Ranch.
- Sizeable Property: 18,000 sq. ft. on 1.6 acres.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $339.1k | $18.84 |
| − Vacancy | −$27.3k | −$1.51 |
| EGI | $311.9k | $17.33 |
| − OpEx | −$93.6k | −$5.20 |
| NOI | $218.3k | $12.13 |
18,000 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.12M
$2.73M – $3.64M
NOI $218,298 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.26M
$3.72M – $4.97M
NOI $297,907 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Life of Riley Salon ...
Big Box & Wholesale Store
Haus of Brows & Esthetics
Spa & Massage Center
KACY R MACALUSO
Physician
Andrea Fontenot
Physician
Louisiana Orthopaedic Specialists ...
Medical Clinic
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FAQs
What type of property is this?
Strip mall - 18,000 sq ft strip center near River Ranch.
Where is this strip mall located?
The property is located at 1501 Kaliste Saloom Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: High Parking Capacity: 87 parking spaces available.; Prime Location: Just two blocks from River Ranch.; Sizeable Property: 18,000 sq. ft. on 1.6 acres.
