Commercial Property in Gonzales,
For Sale
$169,900
407 E Ascension St, Gonzales, LA 70737
Commercial property for sale in the heart of Gonzales, Louisiana.
Property Size1,205 SF
Lot Size0.14 Acres
Price / SF$140
Days on Market746
Property Features for 407 E Ascension St
General Information
Standard status
Active
Size
1,205 SF
Lot size
0.14 Acres
Listing Agency:
Scot Himel
(225) 954-0611
Listed By:
Tracy Himel · License #0995683278
(225) 954-0611
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Jul 29 at 8:44PM
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 Scot Himel
Investment Insights
Based on property information with market context.
This commercial property is located in the heart of Gonzales, Louisiana. Zoned C-1, the property is situated on a 50' x 120' lot and features an approximate 1,205 sqft cottage-style building, currently operating as a gift and antique shop. The property also includes a 10x16 wood storage shed and a 10x13 metal storage shed. Located in Flood Zone "X", no flood insurance is required. The zoning allows for a variety of uses, including office, boutique, retail sales, group living, social service, and medical. The property will be within walking distance of the new train depot coming to Ascension.
Key Highlights
- Zoned C‑1, offering a wide range of commercial possibilities like office, retail, or medical.
- Located in the heart of Gonzales, LA.
- Flood Zone "X" - No Flood Insurance Required.
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 | $21.7k | $18.00 |
| − Vacancy | −$4.8k | −$3.96 |
| EGI | $16.9k | $14.04 |
| − OpEx | −$4.2k | −$3.51 |
| NOI | $12.7k | $10.53 |
1,205 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 7.47%
Second Best
Retail
$162.7K
$142.3K – $189.8K
NOI $11,387 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$264.4K
$231.4K – $308.5K
NOI $18,509 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
844
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property for sale in the heart of Gonzales, Louisiana.
Where is this retail space located?
The property is located at 407 E Ascension St Gonzales, LA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Zoned C‑1, offering a wide range of commercial possibilities like office, retail, or medical.; Located in the heart of Gonzales, LA.; Flood Zone "X" - No Flood Insurance Required.
