Vacant Church Facility with
For Sale
$2,000,000
720 & 728 Highway 30, Gonzales, LA 70737
Vacant building with multiple offices, a full kitchen, and an expansive land component.
Property Size8,767 SF
Price / SF$228.13
Days on Market213
Property Features for 720 & 728 Highway 30
General Information
Standard status
Active
Size
8,767 SF
Taxes and HOA fees
Annual Taxes
$978
Amenities
full kitchen
Building Details
Buildings
1
Building Size
8,767 SF
Owner Occupied
No
Listing Agency:
Compass - Perkins
(225) 921-1846
Listed By:
Clare Dauzart
(225) 921-1846
Source:
Exprealty
Added: Jan 29
Changed: Aug 30
Last Checked: Aug 30 at 2:01PM
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 Compass - Perkins
Investment Insights
Based on property information with market context.
Classified as a church and religious facility, this vacant property contains 8,767 square feet of building area. The interior includes several offices and a full kitchen, providing a combination of administrative and service-oriented spaces within the existing structure.
The property is located at 720 & 728 Highway 30 in Gonzales, Louisiana, and includes a large tract of land. The building is vacant and available for inspection.
The property is located at 720 & 728 Highway 30 in Gonzales, Louisiana, and includes a large tract of land. The building is vacant and available for inspection.
Key Highlights
- 8,767‑square‑foot building
- Several offices within the building
- Full kitchen included
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
$92,317
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
4.62%
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%
$1,846,340
$1.8M
Cap Rate 7%
$1,318,814
$1.3M
Cap Rate 9%
$1,025,744
$1.0M
Market Conditions
NOI Build-Up for 8,767 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
$157.8K $18.00/SF
− Vacancy
−$34.7K −$3.96/SF
EGI
$123.1K $14.04/SF
− OpEx
−$30.8K −$3.51/SF
NOI
$92.3K $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 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%
$1,846,340
Cap Rate 7%
$1,318,814
Cap Rate 9%
$1,025,744
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,317 @ 7.0% cap · market cap 4.62%
Second Best
Mixed Use
$1.14M
$998.6K – $1.33M
NOI $79,889 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,661 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
970
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 Office 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?
Church & religious facility - Vacant building with multiple offices, a full kitchen, and an expansive land component.
Where is this church & religious facility located?
The property is located at 720 & 728 Highway 30 Gonzales, LA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 8,767‑square‑foot building; Several offices within the building; Full kitchen included
