Commercial Land with Leased
For Sale
$300,000
1425/1429 N Burnside Ave, Gonzales, LA 70737
Two C1-zoned lots total 0.31 acres, including a ±1,000 SF building leased to a taqueria.
Property Size1,000 SF
Lot Size0.31 Acres
Price / SF$300
Days on Market74
Property Features for 1425/1429 N Burnside Ave
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.31 Acres
Property subtype
Land
Zoning
C1
Additional Details
Traffic Count
14,000 vehicles/day
Listing Agency:
Beau Box Commercial Real Estate
Listed By:
Ashlyn Plaisance · License #0995697184
(225) 717-2790
Source:
Beaubox
Added: Jun 24
Changed: Aug 26
Last Checked: Sep 5 at 4:59AM
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 Beau Box Commercial Real Estate
Investment Insights
Based on property information with market context.
Two combined lots totaling 0.31 acres are offered for sale in Gonzales and zoned C1 (Commercial). The property includes an approximately ±1,000 SF building currently leased to Taqueria Amiga.
The site is located about 1/10 of a mile from the major intersection of N Burnside Ave and Airline Hwy, where daily traffic counts exceed 14,000 vehicles per day. It is also positioned directly across from AutoZone and the newly developed Galleries Gonzales Shopping Center, which is set to be anchored by Aldi.
The property is situated in Flood Zone X, indicating no flood insurance is required. This configuration provides flexibility for retail, office, or service-based businesses within the city’s commercial zoning framework.
The site is located about 1/10 of a mile from the major intersection of N Burnside Ave and Airline Hwy, where daily traffic counts exceed 14,000 vehicles per day. It is also positioned directly across from AutoZone and the newly developed Galleries Gonzales Shopping Center, which is set to be anchored by Aldi.
The property is situated in Flood Zone X, indicating no flood insurance is required. This configuration provides flexibility for retail, office, or service-based businesses within the city’s commercial zoning framework.
Key Highlights
- Two lots totaling 0.31 acres in the City of Gonzales, zoned C1 (commercial).
- Approximately 1/10 mile from the N Burnside Ave & Airline Hwy intersection with traffic counts exceeding 14,000 vehicles/day.
- Located in Flood Zone X—no flood insurance required.
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
$11,911
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
3.97%
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%
$238,220
$238.2K
Cap Rate 7%
$170,157
$170.2K
Cap Rate 9%
$132,344
$132.3K
Market Conditions
NOI Build-Up for 1,000 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
$17.0K $17.04/SF
− Vacancy
−$1.2K −$1.16/SF
EGI
$15.9K $15.88/SF
− OpEx
−$4.0K −$3.97/SF
NOI
$11.9K $11.91/SF
Area
Ascension County, LA
Vacancy
6.80%
Lease Rate
$17.04 /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%
$238,220
Cap Rate 7%
$170,157
Cap Rate 9%
$132,344
Alternative Uses
Best Use
Specialty Retail
$170.2K
$148.9K – $198.5K
NOI $11,911 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.4K
$192.0K – $256.0K
NOI $15,360 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
715
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 Retail 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?
Commercial land - Two C1-zoned lots total 0.31 acres, including a ±1,000 SF building leased to a taqueria.
Where is this commercial land located?
The property is located at 1425/1429 N Burnside Ave Gonzales, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two lots totaling 0.31 acres in the City of Gonzales, zoned C1 (commercial).; Approximately 1/10 mile from the N Burnside Ave & Airline Hwy intersection with traffic counts exceeding 14,000 vehicles/day.; Located in Flood Zone X—no flood insurance required.
