Multi-Use Office
3820 Hwy 28 W Alexandria, LA 71303
3820 Hwy 28 W, Alexandria, LA, 71303
$795,000
For Sale
$795,000
COMMERCIAL - Alexandria, LA
Property Size3,450 SF
Lot Size0.35 Acres
Price / SF$230.43
Days on Market27
Property Features for 3820 Hwy 28 W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Security features
- Security System
- Standard status
- Active
- APN
- 2403003426000501
- Size
- 3,450 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3650
Utilities
- Heating system
- Electric (Heating), Forced Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Tile, Carpet
- Building materials
- Stucco
Listing Agency
Louisiana Lagniappe Realty LLC
(318) 448-4400
429 Murray Street, Alexandria, LA
Listed by
Jon Norman · License #GCLRA:0000075104
(318) 448-4400
Added: Jun 23 Checked: Jul 19 at 6:06 am
MLS# 11852315
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-use commercial office building is designed with large open spaces and separate enclosed offices, along with a boardroom and kitchen. The layout also includes ample storage, and the interior can be divided to support additional needs.
The property is located on Hwy 28 W in Alexandria, LA, and includes ample private parking. Public remarks note signage exposure on the area’s busiest thoroughfare.
With its combination of open work areas and multiple private rooms, the building is well suited for organizations that need a mix of team space and enclosed office space.
The property is located on Hwy 28 W in Alexandria, LA, and includes ample private parking. Public remarks note signage exposure on the area’s busiest thoroughfare.
With its combination of open work areas and multiple private rooms, the building is well suited for organizations that need a mix of team space and enclosed office space.
Key Highlights
- Multi‑use commercial building with large open spaces for companies with employees and staff
- Includes large separate offices plus boardroom and kitchen
- Ample private parking and signage on a busiest thoroughfare
Local Financial Insights For Office B
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 | $82.8k | $24.00 |
| − Vacancy | −$18.2k | −$5.28 |
| EGI | $64.6k | $18.72 |
| − OpEx | −$16.1k | −$4.68 |
| NOI | $48.4k | $14.04 |
3,450 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$692.0K
$605.5K – $807.3K
NOI $48,438 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.0K
$832.1K – $1.11M
NOI $66,571 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Multi-use office building with large open areas, separate offices, a boardroom, kitchen, and ample private parking.
Where is this office building located?
The property is located at 3820 Hwy 28 W Alexandria, LA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Multi‑use commercial building with large open spaces for companies with employees and staff; Includes large separate offices plus boardroom and kitchen; Ample private parking and signage on a busiest thoroughfare
