Freestanding Restaurant with
For Sale
Contact for pricing
40529 Sycamore Ave, Gonzales, LA 70737
Turn-key restaurant with patio on Highway 44 in Gonzales, LA.
Property Size2,011 SF
Price / SF$295.87
Days on Market177
Property Features for 40529 Sycamore Ave
General Information
Standard status
Active
Size
2,011 SF
Property subtype
Retail
Zoning
MU
Investment Type
Owner/User
Listing Agency:
G R B Real Estate, Inc
(225) 268-8639
Listed By:
gary binns · License #La#71391
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 10 at 8:21AM
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 G R B Real Estate, Inc
Investment Insights
Based on property information with market context.
This freestanding restaurant, constructed in 2020, is located along Highway 44 in Gonzales, Louisiana. The property includes furniture, fixtures, and equipment (FF&E), a building, and an outside patio. Situated on a corner lot, the property offers strong visibility and access in a growing Ascension Parish corridor. With a size of 2011 square feet, this commercial asset is suitable for an owner-user or investor.
Key Highlights
- Freestanding restaurant with FF&E included, offering a turn‑key opportunity.
- Located on Highway 44 in Gonzales, LA, providing strong visibility and access.
- Built in 2020, representing a modern commercial asset.
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
$23,953
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
4.03%
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%
$479,060
$479.1K
Cap Rate 7%
$342,186
$342.2K
Cap Rate 9%
$266,144
$266.1K
Market Conditions
NOI Build-Up for 2,011 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
$34.3K $17.04/SF
− Vacancy
−$2.3K −$1.16/SF
EGI
$31.9K $15.88/SF
− OpEx
−$8.0K −$3.97/SF
NOI
$24.0K $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%
$479,060
Cap Rate 7%
$342,186
Cap Rate 9%
$266,144
Alternative Uses
Best Use
Specialty Retail
$342.2K
$299.4K – $399.2K
NOI $23,953 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.3K
$386.1K – $514.8K
NOI $30,889 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
86
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 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?
Conventional restaurant - Turn-key restaurant with patio on Highway 44 in Gonzales, LA.
Where is this conventional restaurant located?
The property is located at 40529 Sycamore Ave Gonzales, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Freestanding restaurant with FF&E included, offering a turn‑key opportunity.; Located on Highway 44 in Gonzales, LA, providing strong visibility and access.; Built in 2020, representing a modern commercial asset.
