Historic Bed and Breakfast
5800 ENGLAND Drive Alexandria, LA 71303
5800 ENGLAND Drive, Alexandria, LA, 71303
$975,000
For Sale
$975,000
Historic multi-bedroom guesthouse with central air/heat, multiple fireplaces, and event-ready dressing rooms.
Property Size10,500 SF
Price / SF$92.86
Days on Market1007
Property Features for 5800 ENGLAND Drive
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1870
Listing agency
RITCHIE REAL ESTATE
(318) 449-8919
Listed by
AMANDA CROOKS · License #GCLRA:70740
Source
Xome
Added: Oct 20, 2023 Updated: Jul 21 at 6:24PM Checked: Jul 21 at 6:24PM
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 RITCHIE REAL ESTATE
Investment Insights
Based on property information with market context.
The Melady House is a historically registered property with portions originally built in 1870 and additions constructed at different times. The last major renovation was completed in 2008, including updates to a large room at the back of the house along with a side patio. Since then, additional renovations include adding four bathrooms on the right side of the home, remodeling and enlarging the kitchen with new cabinets, appliances, and granite countertops, and updating flooring. The back porch outside the kitchen was enclosed to create a storage area and laundry room, and a 24x30 storage building was added. A separate storage building with a roll-up door is also on site, and the interior was repainted about three years ago. A new deck was built in 2023 off the back of the house.
The home includes three gas log fireplaces and central air and heat on the downstairs level throughout the house. There are seven bedrooms total, with two downstairs currently used as dressing rooms for events. The gathering room includes three half bathrooms, and the other part of the house includes six bathrooms.
The property offers multiple indoor and outdoor seating areas and has been maintained with ongoing improvements, supporting use as a bed and breakfast or event-focused guest lodging.
The home includes three gas log fireplaces and central air and heat on the downstairs level throughout the house. There are seven bedrooms total, with two downstairs currently used as dressing rooms for events. The gathering room includes three half bathrooms, and the other part of the house includes six bathrooms.
The property offers multiple indoor and outdoor seating areas and has been maintained with ongoing improvements, supporting use as a bed and breakfast or event-focused guest lodging.
Key Highlights
- Historic Melady House first floor built in 1870; 2nd floor built at different times, with last major renovation in 2008.
- 7 bedrooms total; 2 downstairs are used for dressing rooms for events, plus 3 guest facilities (per interior features).
- 6 bathrooms in the other part of the house and 4 bathrooms added to the right side; 3 half bathrooms in the large gathering room.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.5k | $15.00 |
| − Vacancy | −$23.6k | −$2.25 |
| EGI | $133.9k | $12.75 |
| − OpEx | −$70.3k | −$6.69 |
| NOI | $63.6k | $6.06 |
10,500 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$908.4K
$794.9K – $1.06M
NOI $63,591 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.38M
NOI $202,608 @ 7.0% cap · market cap 20.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allied I.R.S. Consultant
Tax Preparation
The Melady House Venue
Wedding Service
Similar For Sale Nearby
FAQs
What type of property is this?
Bed & breakfast - Historic multi-bedroom guesthouse with central air/heat, multiple fireplaces, and event-ready dressing rooms.
Where is this bed & breakfast located?
The property is located at 5800 ENGLAND Drive Alexandria, LA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Historic Melady House first floor built in 1870; 2nd floor built at different times, with last major renovation in 2008.; 7 bedrooms total; 2 downstairs are used for dressing rooms for events, plus 3 guest facilities (per interior features).; 6 bathrooms in the other part of the house and 4 bathrooms added to the right side; 3 half bathrooms in the large gathering room.
