Automotive Property in Prime
For Sale
$1,295,000
14023 Airline Hwy, Gonzales, LA 70737
Established automotive corner lot in Gonzales with car wash.
Property Size4,956 SF
Lot Size1.33 Acres
Price / SF$261.30
Days on Market245
Property Features for 14023 Airline Hwy
General Information
Standard status
Active
Size
4,956 SF
Lot size
1.33 Acres
Listing Agency:
Supreme
Listed By:
Michael Walker-Vice
(225) 326-4705
Source:
Smithsquared
Added: Jan 26
Changed: Sep 11
Last Checked: Sep 26 at 9:10AM
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 Supreme
Investment Insights
Based on property information with market context.
This established automotive corner lot is located in a prime area of Gonzales, Louisiana, at the intersection of Airline Highway and Highway 621. The property consists of two lots totaling 1.33 acres. It features a 600-square-foot office building with an accessible ramp, including a private office, an open sales staff area, a bathroom, and a lounge area. Additional storage is available in several storage bins totaling 374 square feet, along with a 758-square-foot garage area suitable for inventory or parts storage. The property includes multiple car wash bays and carports, making it ideal for potential repair, service, or detailing services. The gravel and concrete staging lot benefits from substantial road frontage on two major highways, offering significant visibility for sales. This location presents various business opportunities.
Key Highlights
- Prime corner lot location at the intersection of Airline Hwy and Hwy 621 in Gonzales.
- Large 1.33 acre double commercial lot.
- High visibility with extensive road frontage on two major highways.
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
$59,031
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
4.56%
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%
$1,180,620
$1.2M
Cap Rate 7%
$843,300
$843.3K
Cap Rate 9%
$655,900
$655.9K
Market Conditions
NOI Build-Up for 4,956 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
$84.5K $17.04/SF
− Vacancy
−$5.7K −$1.16/SF
EGI
$78.7K $15.88/SF
− OpEx
−$19.7K −$3.97/SF
NOI
$59.0K $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%
$1,180,620
Cap Rate 7%
$843,300
Cap Rate 9%
$655,900
Alternative Uses
Best Use
Specialty Retail
$843.3K
$737.9K – $983.9K
NOI $59,031 @ 7.0% cap · market cap 4.56%
Second Best
Retail
$669.1K
$585.4K – $780.6K
NOI $46,834 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.09M
$951.6K – $1.27M
NOI $76,124 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Enterprise Rent-A-Car — 13297 Airline Hwy, Gonzales, LA 70737
- United Rentals — 13249 Airline Hwy, Gonzales, LA 70737
- Penske Truck Rental — 13485 Airline Hwy, Gonzales, LA 70737
- B & B Enterprises of Gonzales — 13485 Airline Hwy, Gonzales, LA 70737
Frequently Asked Questions
What type of property is this?
Automotive property - Established automotive corner lot in Gonzales with car wash.
Where is this automotive property located?
The property is located at 14023 Airline Hwy Gonzales, LA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Prime corner lot location at the intersection of Airline Hwy and Hwy 621 in Gonzales.; Large 1.33 acre double commercial lot.; High visibility with extensive road frontage on two major highways.
