Strip Center with
For Sale
$3,200,000
648 E Hwy 30, Gonzales, LA 70737
C-1-zoned retail center with leased service uses and suites available for tenant build-out.
Property Size9,730 SF
Price / SF$328.88
Days on Market63
Property Features for 648 E Hwy 30
General Information
Standard status
Active
Size
9,730 SF
Property subtype
Retail
Zoning
C-1
Listing Agency:
G R B Real Estate, Inc
(225) 677-6767
Listed By:
Gary Binns · License #LA#71391
(225) 677-6767
Source:
Lacdb.resimplifi
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 1:36PM
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 9,730-square-foot strip center includes a 4,730-square-foot leased restaurant with drive-through and FF&E, a 2,000-square-foot leased laundromat, and a 1,000-square-foot leased salon. Two additional 1,000-square-foot suites are prepared for tenant build-out, creating a mix of occupied and available retail space.
The property is located at 648 E Hwy 30 in Gonzales, between I-10 and LA 44. It sits across from the Heritage Crossing development and beside the Park Eastbank Center, with OLOL Hospital approximately 1/4 mile away. Reported traffic volume is 21,000+ vehicles per day. Area tenants include Alexanders Market, Agave Blue, Tractor Supply, Tire Engineers, Sony's BBQ, Five Guys Burgers, Crumbl Cookies, Walgreens, Ollie's, Albasha Restaurant, and other established businesses.
The property is located at 648 E Hwy 30 in Gonzales, between I-10 and LA 44. It sits across from the Heritage Crossing development and beside the Park Eastbank Center, with OLOL Hospital approximately 1/4 mile away. Reported traffic volume is 21,000+ vehicles per day. Area tenants include Alexanders Market, Agave Blue, Tractor Supply, Tire Engineers, Sony's BBQ, Five Guys Burgers, Crumbl Cookies, Walgreens, Ollie's, Albasha Restaurant, and other established businesses.
Key Highlights
- 9,730‑square‑foot shopping center on Hwy 30
- 4,730‑square‑foot leased restaurant with drive‑through and FF&E
- Leased 2,000‑square‑foot laundromat and 1,000‑square‑foot salon
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
$115,894
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
3.62%
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%
$2,317,880
$2.3M
Cap Rate 7%
$1,655,629
$1.7M
Cap Rate 9%
$1,287,711
$1.3M
Market Conditions
NOI Build-Up for 9,730 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
$165.8K $17.04/SF
− Vacancy
−$11.3K −$1.16/SF
EGI
$154.5K $15.88/SF
− OpEx
−$38.6K −$3.97/SF
NOI
$115.9K $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%
$2,317,880
Cap Rate 7%
$1,655,629
Cap Rate 9%
$1,287,711
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,894 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$1.31M
$1.15M – $1.53M
NOI $91,949 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,453 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
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
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Frequently Asked Questions
What type of property is this?
Strip mall - C-1-zoned retail center with leased service uses and suites available for tenant build-out.
Where is this strip mall located?
The property is located at 648 E Hwy 30 Gonzales, LA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 9,730‑square‑foot shopping center on Hwy 30; 4,730‑square‑foot leased restaurant with drive‑through and FF&E; Leased 2,000‑square‑foot laundromat and 1,000‑square‑foot salon
