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 Market1001
Property Features for 407 E Ascension St
General Information
Standard status
Active
Size
1,205 SF
Lot size
0.14 Acres
Taxes and HOA fees
Annual Taxes
$600
Listing Agency:
Scot Himel
(225) 954-0387
Listed By:
Tracy Himel · License #995683278
(225) 954-0611
Source:
Exprealty
Added: Feb 3, 2024
Changed: Oct 27
Last Checked: Oct 30 at 7:02PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$12,689
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,780
$253.8K
Cap Rate 7%
$181,271
$181.3K
Cap Rate 9%
$140,989
$141.0K
Market Conditions
NOI Build-Up for 1,205 SF
Gross rent
$21.7K $18.00/SF
− Vacancy
−$4.8K −$3.96/SF
EGI
$16.9K $14.04/SF
− OpEx
−$4.2K −$3.51/SF
NOI
$12.7K $10.53/SF
Area
Ascension County, LA
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,780
Cap Rate 7%
$181,271
Cap Rate 9%
$140,989
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
804
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
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Market
Vacancy Rate% for Office in South region
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.
