Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Alexandria, LA Title is generated by Realmo AI

    3 Mac Arthur & Gene Ball Drive, Alexandria, LA 71301

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $69,000

    COMMERCIAL - Alexandria, LA

    Lot size:
    0.77 Acres
    Added:
    Jun 10, 2022
    Days on Market:
    1430
    Last Refresh:
    May 9 at 1:06 pm

    Property Features for 3 Mac Arthur & Gene Ball Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    2304833003000201
    Lot size
    0.77 Acres

    Taxes and HOA fees

    Tax Description
    0.77 Ac: in Sec. 48. T3N-R1W; LT2 & 3 & PT lots 1 & 4, Re SUB Pt Lot 1 Willow Glenn Land Co.. Sub

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    PRISSY REAP
    PRISSY REAP

    Listing agent PRISSY REAP License #0000015376

    Listing office COLDWELL BANKER REAP REALTY 1305 Metro Suite 1, Alexandria, LA

    Listing date Jun 10, 2022

    MLS# 167236 Listing URL

    Copyright © 2026 Greater Central Louisiana REALTORS® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great location
    • High visibility
    • Ideal location
    • Public water source

    Overview

    This 0.77-acre commercial land is located in Alexandria, Louisiana. The property benefits from a location with high visibility. It is located in Rapides Parish, with an address of 3 Mac Arthur & Gene Ball Drive and postal code 71301.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Alexandria
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.479255
    Latitude
    31.305072

    Nearby Similar for Sale

    • $325,000
      3,315 SF

      Alexandria Multifamily Investment Opportunity

      Well-maintained fourplex in a convenient location, generating $3250 monthly.
      2027 JACKSON Street, Alexandria, LA 71301
      View Details
    • $130,000
      1,050 SF

      Commercial Property on MacArthur Drive

      Commercial property on 0.3 acres with high visibility.
      5120 LEO Street, Alexandria, LA 71301
      View Details
    • $275,000
      2,756 SF

      Downtown Alexandria Commercial Office Building

      Commercial office building in downtown Alexandria with parking.
      720 JACKSON Street, Alexandria, LA 71301
      View Details
    • $64,000

      Residential Land in Gated Community

      Cleared 1.018-acre lot in Alexandria's Bonaire Subdivision.
      1320 BONAIRE Trace lot: 44, Alexandria, LA 71303
      View Details
    • $79,900

      Land with Development Potential

      Corner lot suitable for parking or development in Alexandria, Louisiana.
      110 BOLTON Avenue, Alexandria, LA 71301
      View Details
    • $60,000

      Wooded Land in Alexandria, LA

      10.02 acres of wooded land with no building restrictions.
      871 HWY 1, Alexandria, LA 71302
      View Details
    • $64,000

      Cleared Lot in Gated Community

      Cleared 0.942-acre lot in Alexandria's Bonaire Subdivision.
      1328 BONAIRE Trace lot: 42, Alexandria, LA 71303
      View Details
    • $64,000

      Residential Lot in Gated Community

      Cleared 0.909-acre lot in Alexandria's Bonaire Subdivision.
      1324 BONAIRE Trace lot: 43, Alexandria, LA 71303
      View Details
    • $400,000
      5,051 SF

      Office/Warehouse Facility on 1-Acre Lot

      Versatile commercial property with office and warehouse space for sale.
      2112 N BOLTON AV, ALEXANDRIA, LA 71303
      View Details
    • $850,000
      12,830 SF

      Office/Warehouse Space For Sale

      12,830 SF office/warehouse, former automotive repair business.
      6505 Masonic Drive, Alexandria, LA 71301
      View Details
    • $195,000

      Commercial Land in Alexandria, LA

      Two-acre commercial land with development potential in Alexandria, Louisiana.
      4700 JACKSON Street, Alexandria, LA 71303
      View Details
    • Contact for pricing
      7,870 SF

      Freestanding Restaurant on MacArthur Drive

      7,870 SF restaurant on 0.73 acres for sale.
      2820 S MacArthur Dr, Alexandria, LA 71301
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.77 acre commercial land with high visibility.
    Where is this commercial land located?
    The property is located at 3 Mac Arthur & Gene Ball Drive Alexandria, LA.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: Great location; High visibility; Ideal location
    (318) 445-2500
    We can help!
    Listing Contact
    PRISSY REAP
    PRISSY REAP
    Real Estate License ID: 0000015376
    Learn More
    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.
    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

    Thank You for Inquiry
    3 Mac Arthur & Gene Ball Drive, Alexandria, LA 71301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!