Freestanding Showroom and
For Sale
$2,950,000
2030 N Mall Dr, Alexandria, LA 71301
Freestanding main building with showroom and adaptable office areas plus a detached warehouse totaling 35,269 SF.
Property Size35,269 SF
Price / SF$83.64
Days on Market524
Property Features for 2030 N Mall Dr
General Information
Standard status
Active
Size
35,269 SF
Property subtype
Retail
Building Details
Year Built
2002
Listing Agency:
Latter & Blum Central Realty
Listed By:
Thaddyeus Dixon · License #995712168
(318) 445-7653
Source:
Lacdb.resimplifi
Added: Apr 23, 2025
Changed: Sep 21
Last Checked: Sep 28 at 4:43AM
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 & Blum Central Realty
Investment Insights
Based on property information with market context.
The property consists of a freestanding main building and a detached warehouse. The main building totals 26,169 SF and is described as having expansive showroom space along with adaptable office configurations. There is also a detached 9,100 SF warehouse, bringing the combined functional footprint to 35,269 SF.
The asset is located at 2030 N Mall Drive in Alexandria, Louisiana. The seller notes the building was previously used as a Harley-Davidson dealership and is set up to support a mix of showroom-forward space with back-end warehouse support.
The asset is located at 2030 N Mall Drive in Alexandria, Louisiana. The seller notes the building was previously used as a Harley-Davidson dealership and is set up to support a mix of showroom-forward space with back-end warehouse support.
Key Highlights
- Freestanding commercial property with main building totaling 26,169 SF
- Detached 9,100 SF warehouse included; total functional footprint listed as 35,269 SF
- Main building formerly a Harley‑Davidson dealership with showroom space and adaptable office configurations
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
$264,872
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
8.98%
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%
$5,297,440
$5.3M
Cap Rate 7%
$3,783,886
$3.8M
Cap Rate 9%
$2,943,022
$2.9M
Market Conditions
NOI Build-Up for 35,269 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
$334.4K $9.48/SF
− Vacancy
−$22.7K −$0.64/SF
EGI
$311.6K $8.84/SF
− OpEx
−$46.7K −$1.33/SF
NOI
$264.9K $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%
$5,297,440
Cap Rate 7%
$3,783,886
Cap Rate 9%
$2,943,022
Alternative Uses
Best Use
Retail
$6.06M
$5.30M – $7.07M
NOI $424,392 @ 7.0% cap · market cap 14.39%
Second Best
Warehouse
$3.78M
$3.31M – $4.41M
NOI $264,872 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$9.72M
$8.51M – $11.34M
NOI $680,551 @ 7.0% cap · market cap 23.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
569
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding main building with showroom and adaptable office areas plus a detached warehouse totaling 35,269 SF.
Where is this flex space located?
The property is located at 2030 N Mall Dr Alexandria, LA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Freestanding commercial property with main building totaling 26,169 SF; Detached 9,100 SF warehouse included; total functional footprint listed as 35,269 SF; Main building formerly a Harley‑Davidson dealership with showroom space and adaptable office configurations
