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    1501 Kaliste Saloom Rd Lafayette, LA 70508

    Sponsored
    For Sale
    $3,500,000

    18,000 SF Multi-Tenant Retail Property

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional retail investment opportunity is located at 1501 Kaliste Saloom Rd, Lafayette, LA 70508. The property boasts a substantial 18,000 square feet of retail space spread across ten suites within a single, one-story building situated on a 1.61-acre lot. Ample parking is available with 87 spaces provided for tenants and customers. The property is zoned CM-1 and features a strong net operating income (NOI) of $257,720, resulting in an attractive 7.36% capitalization rate. The asking price is $3,500,000, translating to a price per square foot of $194.44. The property's prime location is just two blocks from River Ranch, a well-established Traditional Neighborhood Development, ensuring high visibility and foot traffic. The property's parcel number is 6022420. Owner financing may be available. This multi-tenant retail center presents a compelling investment opportunity in a thriving Lafayette, Louisiana market. The property's strong NOI, desirable location, and ample parking make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

    Property Features for 1501 Kaliste Saloom Rd

    General Information

    Property type
    Retail properties
    Square Feet
    18,000 SF
    Lot Size
    70,132 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • CM‑1 Zoning
    • Multi‑tenant occupancy
    • Parcel ID 6022420
    • Located in the LACDB - G1 submarket
    Property Profile Location Intelligence

    Current Use by Public Records

    Life of Riley Salon ... Beauty Products Wholesaler Haus of Brows & Esthetics Spa KACY R MACALUSO Physical Therapist Andrea Fontenot Occupational Therapist Louisiana Orthopaedic Specialists ... Physical Therapy Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0302655
    Latitude
    30.1715728

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    FAQs

    What type of property is this?
    Retail property - 18,000 SF Multi-Tenant Retail Property
    Where is this retail property located?
    The property is located at 1501 Kaliste Saloom Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: CM-1 Zoning; Multi-tenant occupancy; Parcel ID 6022420
    Request Owner's contact information
    1501 Kaliste Saloom Rd Lafayette, LA 70508
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    Lafayette, LA 70508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 Kaliste Saloom Rd Lafayette, LA 70508
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