Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Tract on Bayou Rapides Title is generated by Realmo AI

    6053 Bayou Rapides Road, Alexandria, LA 71303

    View on Map
    Claim this Listing
    For Sale
    $2,858,450

    Large land tract available for sale on Bayou Rapides.

    Type:Land
    Added:
    Jul 12, 2024
    Days on Market:
    695
    Last Refresh:
    Mar 13 at 6:28 pm

    Property Features for 6053 Bayou Rapides Road

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    JACK HODGES

    Listing agent JACK HODGES License #70147

    Listing office LATTER AND BLUM Central Realty LLC

    Listing date Jul 12, 2024

    Source Compass

    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 LATTER AND BLUM Central Realty LLC

    HighLights

    • Mineral rights retained by sellers.
    • House can be sold separately to be moved.
    • House can be sold separately to remain with the tract.

    Overview

    This property consists of a land tract where mineral rights will be retained by the sellers for ten years and one day. A house located at 6053 Bayou Rapides Road is situated on the property and can be sold separately to be moved or to remain with the entire tract.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Auto Parts Store HVAC Service Daycare Center Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.5197777
    Latitude
    31.3151067

    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
    • $79,900
      2,794 SF

      Land with Development Potential

      Corner lot suitable for parking or development in Alexandria, Louisiana.
      110 BOLTON Avenue, 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
    • $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
    • 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
    • $7,500

      Prime Commercial Land on Monroe

      Highly visible land parcel in Alexandria's commercial corridor.
      2410 Monroe Street, Alexandria, LA 71301
      View Details
    • $855,000
      30,000 SF

      Expansive Commercial Property on 2 Acres

      30,000 sqft commercial property on 2 acres of land.
      4606 Jackson Street, Alexandria, LA 71303
      View Details
    • $179,000

      Cleared Commercial Lot in Medical Park

      Cleared lot in Yorktown Medical & Business Park Phase I, well-suited for medical and professional development.
      141 Yorktown Drive, Alexandria, LA 71303
      View Details

    FAQs

    What type of property is this?
    Land - Large land tract available for sale on Bayou Rapides.
    Where is this land located?
    The property is located at 6053 Bayou Rapides Road Alexandria, LA.
    What is the asking price?
    The asking price for this property is $2,858,450.
    What are key features of this property?
    This property features: Mineral rights retained by sellers.; House can be sold separately to be moved.; House can be sold separately to remain with the tract.
    (318) 445-7653
    We can help!
    Listing Contact
    JACK HODGES
    Real Estate License ID: 70147
    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
    6053 Bayou Rapides Road, Alexandria, LA 71303
    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!