Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1702 Burnside Ave Gonzales, LA 70737-2141

    • Office Properties & Spaces
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0412944
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Our Lady of the Lake Children's Health Pediatrics at North Burnside / Hospital
    • Clayton Runfalo / Family Practice Physician
    • Bunnie Jo Hill / Internist
    • Our Lady of the Lake Physician Group North Burnside / Medical Clinic
    • Hall Corey MD / Doctor

    Property Details for 1702 Burnside Ave

    Lot size
    0.46 lot acres
    Property type
    Office Properties & Spaces
    APN
    4011602
    APU
    4011602

    Description

    This exceptional 6,135 square foot medical office building, located at 1702 North Burnside Avenue in Gonzales, Louisiana, presents a compelling investment opportunity. Boasting a 7.88% cap rate and a strong NOI of $100,464, this property is fully occupied by two prominent tenants: United Healthcare and Mercy Autism Center, secured by a corporate guarantee. The building, constructed in 1990 and extensively renovated in 2023, features a new roof, upgraded HVAC systems, and a refurbished parking lot. Situated on a 0.53-acre lot at a signalized hard corner intersection of Highway LA-44 and E Bayou Narcisse Street, it benefits from high visibility and over 30,000 vehicles per day. This prime location is within a thriving retail corridor anchored by national brands such as Lowe's, Walgreens, and CVS, and directly across from Our Lady of the Lake Physician Group, ensuring consistent patient flow. Gonzales is part of the Baton Rouge Metropolitan Statistical Area, a market with over 221,000 residents, and is conveniently located less than an hour from New Orleans. The asking price is $1,275,000, translating to $207.82 per square foot. Rent bumps vary. This investment offers a blend of stability, high visibility, and significant growth potential within a robust medical market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gonzales
    County
    Ascension
    State
    Louisiana
    Longitude
    -90.9205
    Latitude
    30.2476
    CBSA code
    12940
    CBSA name
    BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,202
    $12,000
    $58,500
    $70,500
    -
    $120,000
    $390,000
    $510,000

    Comparable in this City

    • Value Estimation by Request
      39,354 SF

      1068 Worthey St

      Flex space • 39,354 SF
      1068 Worthey St, Gonzales, LA 70737
      View Details
    • Value Estimation
      $220,000
      0.27 Acres

      503 Burnside Ave

      OFFICE (GENERAL) • 0.27 Acres
      503 Burnside Ave, Gonzales, LA 70737-3447
      View Details
    • Value Estimation
      $225,000
      1.81 Acres

      6330 Championship Ct

      OFFICE (GENERAL) • 1.81 Acres
      6330 Championship Ct, Gonzales, LA 70737-8502
      View Details
    • Value Estimation
      $225,000
      0.02 Acres

      13247 Cole Dr

      OFFICE (GENERAL) • 0.02 Acres
      13247 Cole Dr, Gonzales, LA 70737
      View Details
    • Value Estimation
      $225,000
      0.21 Acres

      13039 Dutchtown Ml Dr

      OFFICE (GENERAL) • 0.21 Acres
      13039 Dutchtown Ml Dr, Gonzales, LA 70737-6569
      View Details
    • Value Estimation
      $225,000
      1.79 Acres

      George Duplessis Rd

      OFFICE (GENERAL) • 1.79 Acres
      George Duplessis Rd, Gonzales, LA 70737
      View Details

    Similar Nearby for Sale

    • $699,000
      3.47 Acres

      Gonzales Commercial Land - 3.47 Acres

      Prime Gonzales location, C-1 zoning, high visibility.
      0 Church Point Rd, Gonzales, LA 70737
      View Details
    • $650,000
      0.67 Acres

      Gonzales Commercial Land - $650K

      ±0.67-acre prime development lot. High traffic area.
      0 Burnside Ave, Gonzales, LA 70737
      View Details
    • $165,000
      0.07 Acres

      Gonzales Office Building For Sale

      Prime Gonzales location, 3,000 sq ft office, high ROI.
      1201 Purpera Ave, Gonzales, LA 70737
      View Details
    • $1,450,000
      12,000 SF

      Gonzales Office/Warehouse Investment

      12,000 SF Office & Warehouse, High-Traffic Location
      3200 Burnside Ave, Gonzales, LA 70737
      View Details
    • Contact for pricing
      2.00 Acres

      Gonzales, LA Commercial Land Investment

      Prime I-10 & Hwy 30 acreage, high traffic counts.
      100 And Veterans, Gonzales, LA 70737
      View Details
    • $187,500
      3,000 SF

      Gonzales Executive Office Building

      Modern 3,000 SF Office, Vacant, $187,500
      1201 Purpera Ave, Gonzales, LA 70737
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      39,354 SF

      Worthey Street Flex Space Available

      Gonzales Office/Industrial Space - 3,590 SF Available
      1068 Worthey St, Gonzales, LA 70737
      View Details
    • Contact for pricing
      39,000 SF

      Gonzales Executive Office Suites

      Upscale Gonzales office space, I-10 access.
      6473 La-44, Gonzales, LA 70737
      View Details
    • $12 SF/Yr
      5,593 SF

      Prime I-10 Industrial Space Available

      Modern Flex Space, 1,200 SF Available
      3133 Darla Ave, Gonzales, LA 70737
      View Details
    • Contact for pricing
      264,040 SF

      Pelican Point Commerce Center

      Class A Flex Space in Gonzales, LA
      8184 8200 & 8206 Hwy 44, Gonzales, LA 70737
      View Details
    • Contact for pricing
      9,027 SF

      Gonzales Office/Warehouse - I-10 Access

      New 9,000 SF Flex Space, Prime Location
      480 Dowdy Dr, Gonzales, LA 70737
      View Details
    • $9 SF/Yr
      6,000 SF

      Retail/Office Space on Corner

      Retail and office space available for lease or sale.
      104 E Cornerview St, Gonzales, LA 70737
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1702 Burnside Ave
    Gonzales, LA 70737-2141
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.