Garden Office
For Sale
Contact for pricing
1201 S Purpera Ave, Gonzales, LA 70737
One well-maintained garden office suite is currently occupied near major road access.
Property Size2,480 SF
Price / SF$185
Days on Market211
Property Features for 1201 S Purpera Ave
General Information
Standard status
Active
Size
2,480 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Elifin Realty
(800) 895-9329
Listed By:
Lindsay M Redhead · License #0995702768
(225) 938-3148
Source:
Moodyscre
Added: Feb 20
Changed: Sep 8
Last Checked: Sep 18 at 11:21AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
This well-maintained garden office suite is currently occupied and offers a practical setup for an office tenant. The property totals 2,480 square feet and is presented as a single suite.
Convenient access is supported by proximity to Airline Hwy and E Worthey Rd, with public remarks indicating the property is within about one minute of these routes. The immediate area includes major nearby retailers and services, including Walmart and Rouses, along with Ascension Parish Government.
The suite configuration is straightforward, making it suitable for an office user looking for an established, kept-up space.
Convenient access is supported by proximity to Airline Hwy and E Worthey Rd, with public remarks indicating the property is within about one minute of these routes. The immediate area includes major nearby retailers and services, including Walmart and Rouses, along with Ascension Parish Government.
The suite configuration is straightforward, making it suitable for an office user looking for an established, kept-up space.
Key Highlights
- Single office suite currently occupied
- Well‑maintained garden office suite
- 2,480 SF total property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,114
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,280
$522.3K
Cap Rate 7%
$373,057
$373.1K
Cap Rate 9%
$290,156
$290.2K
Market Conditions
NOI Build-Up for 2,480 SF
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.
Gross rent
$44.6K $18.00/SF
− Vacancy
−$9.8K −$3.96/SF
EGI
$34.8K $14.04/SF
− OpEx
−$8.7K −$3.51/SF
NOI
$26.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,280
Cap Rate 7%
$373,057
Cap Rate 9%
$290,156
Alternative Uses
Best Use
Office B
$373.1K
$326.4K – $435.2K
NOI $26,114 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,093 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Office units - One well-maintained garden office suite is currently occupied near major road access.
Where is this office units located?
The property is located at 1201 S Purpera Ave Gonzales, LA.
What is the asking price?
The asking price for this property is $458,800.
What are key features of this property?
This property features: Single office suite currently occupied; Well‑maintained garden office suite; 2,480 SF total property size
