Remodeled Professional Office
1026 E Worthey St Gonzales, LA 70737
For Sale
Contact for pricing
Updated office park with newly installed HVAC, flooring, lighting, and fresh interior paint throughout.
Property Size46,959 SF
Price / SF$116.06
Days on Market379
Property Features for 1026 E Worthey St
General Information
Standard status
Active
Size
46,959 SF
Property subtype
OFFICE
Listing Agency:
Maestri-Murrell Inc
(225) 335-0342
Listed By:
Denis Murrell · License #0995692537
(225) 335-0342
Source:
Moodyscre
Added: Jul 16, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:11PM
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 Maestri-Murrell Inc
Investment Insights
Based on property information with market context.
Located in Gonzales, this East Worthey office park offers updated, modern professional office spaces in a multi-tenant setting. The complex has been meticulously remodeled, including new HVAC systems, new flooring, updated lighting fixtures, and fresh coats of paint.
The office park is home to a range of current tenants, including state offices, engineering firms, industrial offices, childcare, and medical uses. This configuration supports a variety of professional office and medical-related footprints within the same property.
With substantial interior improvements already completed, the building presents a turn-key option for investors and operators seeking an actively occupied office environment in a growing and developing market.
The office park is home to a range of current tenants, including state offices, engineering firms, industrial offices, childcare, and medical uses. This configuration supports a variety of professional office and medical-related footprints within the same property.
With substantial interior improvements already completed, the building presents a turn-key option for investors and operators seeking an actively occupied office environment in a growing and developing market.
Key Highlights
- East Worthey office park in Gonzales offers 46,959 SF of updated office space.
- Meticulously remodeled complex with newly installed HVAC systems.
- Recent interior upgrades include new flooring, updated lighting fixtures, and fresh coats of paint.
Financial Insights For Office B
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 | $845.3k | $18.00 |
| − Vacancy | −$186.0k | −$3.96 |
| EGI | $659.3k | $14.04 |
| − OpEx | −$164.8k | −$3.51 |
| NOI | $494.5k | $10.53 |
46,959 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$7.82M
$6.84M – $9.12M
NOI $547,307 @ 7.0% cap · market cap 10.04%
Second Best
Office B
$7.06M
$6.18M – $8.24M
NOI $494,478 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$10.30M
$9.02M – $12.02M
NOI $721,290 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Updated office park with newly installed HVAC, flooring, lighting, and fresh interior paint throughout.
Where is this office building located?
The property is located at 1026 E Worthey St Gonzales, LA.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: East Worthey office park in Gonzales offers 46,959 SF of updated office space.; Meticulously remodeled complex with newly installed HVAC systems.; Recent interior upgrades include new flooring, updated lighting fixtures, and fresh coats of paint.
