Multi-Use Office
For Sale
$795,000
3820 Hwy 28 West, Alexandria, LA 71303
Multi-use office building with large open areas, separate offices, a boardroom, and kitchen, plus ample private parking.
Property Size3,450 SF
Price / SF$230.43
Days on Market115
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Property Features for 3820 Hwy 28 West
General Information
Standard status
Active
Size
3,450 SF
Property subtype
Commercial Building
Amenities
Lot Size Acres: 0.35, Lot Size Square Feet: 15000
Sewer Type: Municipal
Total Taxes: $3,650, Tax Year: 2026, Percentage of Tax that is Deductable: 0
Carpet Floor, Tile Floor
Has Central AC: 1
Forced Air Heating, AC Zones: 3, Electric Heat Fuel
Sale, Sale Type: Foreclosure, Availability Date: 2026-05-07, Min Term: 3 year Months, Max Term: Negotiable Months
One Story, Built in 1993, Ground Floor
Neighborhood Name: Georgetown, Property Township: Alexandria, Subdivision Name: George Town
Property Zone Type: 200, Above Area Square Feet: 3450, Street View
Handicap Features
2 Full Baths
Water Source: Municipal
Construction Type: Masonry - Stucco
Sprinklers, Alarm
Stucco Siding
Building Details
Year Built
1993
Listing Agency:
Louisiana Lagniappe Realty LLC
(318) 448-4400
Listed By:
Jon Norman · License #GCLRA:0000075104
(318) 730-1957
Source:
Doyle-realty
Added: Jun 23
Changed: Oct 15
Last Checked: Oct 15 at 12:12AM
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 Louisiana Lagniappe Realty LLC
Investment Insights
Based on property information with market context.
This multi-use commercial office building is designed with large open spaces that can accommodate companies with multiple employees and staff. The layout also includes large separate offices, a boardroom, and a kitchen, along with a substantial amount of storage, with flexibility to divide interior space for additional needs.
The property is located at 3820 Hwy 28 West in Alexandria, Louisiana, with signage on a busy thoroughfare and ample private parking on site.
The building’s configuration is well-suited for office use, offering both collaborative open areas and more private enclosed rooms for meetings and administration.
The property is located at 3820 Hwy 28 West in Alexandria, Louisiana, with signage on a busy thoroughfare and ample private parking on site.
The building’s configuration is well-suited for office use, offering both collaborative open areas and more private enclosed rooms for meetings and administration.
Key Highlights
- Multi‑use commercial building with large open spaces for accommodating a company with many employees and staff
- Features large separate offices, a boardroom, and a kitchen
- Includes plenty of storage space, with potential to divide the building for additional needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,438
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,760
$968.8K
Cap Rate 7%
$691,971
$692.0K
Cap Rate 9%
$538,200
$538.2K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$82.8K $24.00/SF
− Vacancy
−$18.2K −$5.28/SF
EGI
$64.6K $18.72/SF
− OpEx
−$16.1K −$4.68/SF
NOI
$48.4K $14.04/SF
Area
Rapides County, LA
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,760
Cap Rate 7%
$691,971
Cap Rate 9%
$538,200
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Explore this area
Business Placement
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-use office building with large open areas, separate offices, a boardroom, and kitchen, plus ample private parking.
Where is this office building located?
The property is located at 3820 Hwy 28 West 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 accommodating a company with many employees and staff; Features large separate offices, a boardroom, and a kitchen; Includes plenty of storage space, with potential to divide the building for additional needs
