Flex Office/Warehouse
1604 METRO Drive Alexandria, LA 71301
1604 METRO Drive, Alexandria, LA, 71301
$565,000
For Sale
$565,000
Half of the building is office space with glass-partition rooms, with the rear used as heated and cooled warehouse/storage.
Property Size5,114 SF
Price / SF$110.48
Days on Market236
Property Features for 1604 METRO Drive
General Information
- Standard status
- Active
- Size
- 5,114 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1985
Listing agency
STEVEN SEALE PROPERTIES, LLC
(318) 715-3333
Listed by
Steven Seale · License #GCLRA:0912124868
(318) 715-3333
Source
Xome
Added: Nov 29, 2025 Updated: Jul 22 at 2:00PM Checked: Jul 23 at 3:39AM
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 STEVEN SEALE PROPERTIES, LLC
Investment Insights
Based on property information with market context.
This flex-style building is currently configured as approximately half office and half warehouse. The front portion includes 11 glass-partition offices, a lobby and reception area, a copy room, conference room, and full and half bathrooms. The rear portion is wide-open warehouse/storage space with a 72" metal French door and a 36" metal back door. The building has heating and cooling throughout, with the exception of the front porch, and it includes full surveillance. A large sign pole is on site (the sign will be removed).
Located at 1604 Metro Drive in Alexandria, the property is described as being in a high-traffic area off MacArthur Drive and Jackson St.
The glass walls at the front can be removed to create a larger open area, or the rear could be built out to add office space similar to the current front layout.
Located at 1604 Metro Drive in Alexandria, the property is described as being in a high-traffic area off MacArthur Drive and Jackson St.
The glass walls at the front can be removed to create a larger open area, or the rear could be built out to add office space similar to the current front layout.
Key Highlights
- 1985‑built commercial building with half office space and half warehouse/storage space
- Front office area includes 11 glass‑partition offices plus lobby, reception, copy room, conference room, and full + half baths
- Rear warehouse/storage is heated and cooled and currently used as wide‑open storage with a 72 in metal front door and a 36 in metal back door
Local Financial Insights For Warehouse
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 | $48.5k | $9.48 |
| − Vacancy | −$3.3k | −$0.64 |
| EGI | $45.2k | $8.84 |
| − OpEx | −$6.8k | −$1.33 |
| NOI | $38.4k | $7.51 |
5,114 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.03M
$897.5K – $1.20M
NOI $71,801 @ 7.0% cap · market cap 12.71%
Second Best
Warehouse
$548.7K
$480.1K – $640.1K
NOI $38,406 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,680 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
STEVEN SEALE PROPERTIES, ...
Real Estate Agency
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Similar Off Market Nearby
- Catering By Yolande — 1818 Andrews St, Alexandria, LA 71301
FAQs
What type of property is this?
Flex space - Half of the building is office space with glass-partition rooms, with the rear used as heated and cooled warehouse/storage.
Where is this flex space located?
The property is located at 1604 METRO Drive Alexandria, LA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1985‑built commercial building with half office space and half warehouse/storage space; Front office area includes 11 glass‑partition offices plus lobby, reception, copy room, conference room, and full + half baths; Rear warehouse/storage is heated and cooled and currently used as wide‑open storage with a 72 in metal front door and a 36 in metal back door
