Flex Space with Roll-Up
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For Sale
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211 Eastbank Dr, Gonzales, LA 70737
Office and warehouse areas support adaptable commercial operations with direct access through a front-facing roll-up door.
Property Size5,000 SF
Price / SF$125
Days on Market4
Property Features for 211 Eastbank Dr
General Information
Standard status
Active
Size
5,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Elifin Realty
(985) 991-0580
Listed By:
Cade McNabb · License #995714093
(985) 991-0580
Source:
Moodyscre
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 21 at 8:51AM
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 5,000-square-foot flex property combines office space with warehouse functionality in a practical commercial layout. A front-facing 14-foot roll-up door provides direct entry for receiving, storage, and day-to-day operations.
The property is located near the intersection of LA-44 and LA-30 in Gonzales, placing the site within an industrial area described as undergoing development.
The property is located near the intersection of LA-44 and LA-30 in Gonzales, placing the site within an industrial area described as undergoing development.
Key Highlights
- 5,000 square feet of flex space
- Front‑facing 14' roll‑up door
- Office‑to‑warehouse layout
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
$40,976
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
6.56%
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%
$819,520
$819.5K
Cap Rate 7%
$585,371
$585.4K
Cap Rate 9%
$455,289
$455.3K
Market Conditions
NOI Build-Up for 5,000 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
$70.2K $14.04/SF
− Vacancy
−$7.2K −$1.43/SF
EGI
$63.0K $12.61/SF
− OpEx
−$22.1K −$4.41/SF
NOI
$41.0K $8.20/SF
Area
Ascension County, LA
Vacancy
10.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
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%
$819,520
Cap Rate 7%
$585,371
Cap Rate 9%
$455,289
Alternative Uses
Best Use
Flex RnD
$585.4K
$512.2K – $682.9K
NOI $40,976 @ 7.0% cap · market cap 6.56%
Second Best
Warehouse
$425.5K
$372.3K – $496.4K
NOI $29,786 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,800 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas support adaptable commercial operations with direct access through a front-facing roll-up door.
Where is this flex space located?
The property is located at 211 Eastbank Dr Gonzales, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 5,000 square feet of flex space; Front‑facing 14' roll‑up door; Office‑to‑warehouse layout
