According to Hair et al. not only parameters or observed items but also model complexity and number of constructs with communalities should be focused for sample size calculation. They mentioned that minimum sample size should be at least 500 if the model with large numbers of constructs (>7) and some with lower communalities and/or having fewer than three measured items.
Hair JF, Black WC, Babin BJ, Anderson RE. Structural equations modeling overview. Multivariate Data Analysis, 7th edition. United Kingdom: Prentice Hall PTR; 2013.