Renovated Flex
For Sale
$299,000
Pending
1217 Texas Ave, Alexandria, LA 71301
Commercial property combining private offices, warehouse area, and updated staff amenities in a central Alexandria setting.
Property Size3,585 SF
Days on Market172
Property Features for 1217 Texas Ave
General Information
Standard status
Pending
Size
3,585 SF
Property subtype
Investment
Zoning
COMMERCIAL
Amenities
private offices
reception area
conference room
bathrooms
kitchen with stainless steel appliances and granite countertops
Building Details
Year Built
1990
Listing Agency:
The Wilder Group
(318) 308-8080
Listed By:
Rusty Wilder · License #995709043
(318) 308-8080
Source:
Lacdb.resimplifi
Added: Mar 12
Changed: Aug 30
Last Checked: Aug 30 at 4:42AM
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 The Wilder Group
Investment Insights
Based on property information with market context.
This 3,585-square-foot flex space, built in 1990, combines an office component with warehouse area and has received interior updates. The office layout includes four private offices, a reception area, a conference room, and three bathrooms. Updated flooring and neutral interior paint create a refreshed finish throughout the occupied areas. A kitchen with cabinet storage, stainless-steel appliances, and granite countertops adds practical support space for daily operations.
The property is zoned COMMERCIAL and is located at 1217 Texas Ave in Alexandria, Louisiana. Shopping, dining, and major transportation routes are identified in the surrounding area, providing convenient access for employees, clients, and business activity.
The property is zoned COMMERCIAL and is located at 1217 Texas Ave in Alexandria, Louisiana. Shopping, dining, and major transportation routes are identified in the surrounding area, providing convenient access for employees, clients, and business activity.
Key Highlights
- 3,585‑square‑foot flex space on 1217 Texas Ave
- Four private offices with reception area and conference room
- Three bathrooms serving the office component
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
$26,924
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
9.00%
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%
$538,480
$538.5K
Cap Rate 7%
$384,629
$384.6K
Cap Rate 9%
$299,156
$299.2K
Market Conditions
NOI Build-Up for 3,585 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
$34.0K $9.48/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$31.7K $8.84/SF
− OpEx
−$4.8K −$1.33/SF
NOI
$26.9K $7.51/SF
Area
Rapides County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$538,480
Cap Rate 7%
$384,629
Cap Rate 9%
$299,156
Alternative Uses
Best Use
Office B
$719.0K
$629.2K – $838.9K
NOI $50,333 @ 7.0% cap · market cap 16.83%
Second Best
Warehouse
$384.6K
$336.6K – $448.7K
NOI $26,924 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$988.2K
$864.7K – $1.15M
NOI $69,176 @ 7.0% cap · market cap 23.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71301, LA
20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combining private offices, warehouse area, and updated staff amenities in a central Alexandria setting.
Where is this flex space located?
The property is located at 1217 Texas Ave Alexandria, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,585‑square‑foot flex space on 1217 Texas Ave; Four private offices with reception area and conference room; Three bathrooms serving the office component
