Office Building with Three
For Sale
$225,000
Pending
1068 E Worthey St, Gonzales, LA 70737
A three-suite configuration combines two tenant-occupied spaces with a larger suite used by the owner.
Property Size1,840 SF
Days on Market18
Property Features for 1068 E Worthey St
General Information
Standard status
Pending
Size
1,840 SF
Property subtype
Investment
Zoning
B-1
Occupancy
100%
Additional Details
HOA Fee
$127.87
Office Units
3
Tenant in Place
Yes
Property Use
Office
Amenities
Power
Water
Sewer
Building Details
Buildings
1
Building Size
1,840 SF
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Maestri-Murrell Inc
Listed By:
Derbigny Murrell
(225) 335-0342
Source:
Lacdb.resimplifi
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 28 at 4:50AM
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
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Investment Insights
Based on property information with market context.
This 1,840-square-foot office property is divided into three suites and carries B-1 zoning. Two suites are occupied by tenants, while the owner uses the larger third suite and is willing to enter a two-year sale-leaseback. Bella Baby, Alfaro Bros Concrete, and The Coop are identified as tenants.
Condo association dues cover trash removal, landscaping, and maintenance of the parking area.
Condo association dues cover trash removal, landscaping, and maintenance of the parking area.
Key Highlights
- 1,840‑square‑foot office building divided into 3 suites
- Two suites are occupied by tenants; the owner uses the larger third suite
- Owner is willing to enter a 2‑year sale‑leaseback
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,375
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,500
$387.5K
Cap Rate 7%
$276,786
$276.8K
Cap Rate 9%
$215,278
$215.3K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$33.1K $18.00/SF
− Vacancy
−$7.3K −$3.96/SF
EGI
$25.8K $14.04/SF
− OpEx
−$6.5K −$3.51/SF
NOI
$19.4K $10.53/SF
Area
Ascension County, LA
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,500
Cap Rate 7%
$276,786
Cap Rate 9%
$215,278
Alternative Uses
Best Use
Office B
$276.8K
$242.2K – $322.9K
NOI $19,375 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$403.7K
$353.3K – $471.0K
NOI $28,262 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 70737, LA
47,332
Population
20,720
Households
2.3
Avg Household Size
36
Median Age
26%
College-Educated
86%
High-School Grad
54.0 sq mi
ZIP Area
877
Density / Sq Mi
$80,758
Median Household Income
$51,444
Median Earnings
$1,533
Median Rent
$252,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A three-suite configuration combines two tenant-occupied spaces with a larger suite used by the owner.
Where is this office building located?
The property is located at 1068 E Worthey St Gonzales, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,840‑square‑foot office building divided into 3 suites; Two suites are occupied by tenants; the owner uses the larger third suite; Owner is willing to enter a 2‑year sale‑leaseback
