Flex Space with
For Sale
Contact for pricing
Pending
5213 JACKSON Street, Alexandria, LA 71303
Office-oriented layout combines professional meeting areas with dedicated on-site storage.
Property Size3,078 SF
Days on Market682
Property Features for 5213 JACKSON Street
General Information
Standard status
Pending
Size
3,078 SF
Property subtype
Special Purpose, Land
Additional Details
Warehouse Space
972 SF
Amenities
conference room
full kitchen
Building Details
Year Built
2007
Listing Agency:
Century 21 Buelow-Miller Realty
Listed By:
Christian Cunningham · License #LA
Source:
Crexi
Added: Oct 18, 2024
Changed: Aug 30
Last Checked: Aug 30 at 12:27PM
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 Century 21 Buelow-Miller Realty
Investment Insights
Based on property information with market context.
This 3,078-square-foot flex property combines a professional office environment with a 972-square-foot warehouse. The interior includes multiple office areas, a conference room, full kitchen, one full bathroom, and two half bathrooms. A New Orleans-style architectural design gives the building a distinctive appearance, while its 2007 construction supports a relatively modern commercial setting.
Located at 5213 Jackson Street in Alexandria, Louisiana, the property is configured for office operations that require additional storage or work space. The combination of administrative areas, meeting space, kitchen facilities, and warehouse capacity creates a practical layout for a business seeking both front-office functionality and back-of-house utility.
Located at 5213 Jackson Street in Alexandria, Louisiana, the property is configured for office operations that require additional storage or work space. The combination of administrative areas, meeting space, kitchen facilities, and warehouse capacity creates a practical layout for a business seeking both front-office functionality and back-of-house utility.
Key Highlights
- 3,078 square feet of heated commercial space
- 972 square foot warehouse included
- Office areas with conference room and full kitchen
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
$43,215
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
6.91%
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%
$864,300
$864.3K
Cap Rate 7%
$617,357
$617.4K
Cap Rate 9%
$480,167
$480.2K
Market Conditions
NOI Build-Up for 3,078 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
$73.9K $24.00/SF
− Vacancy
−$16.3K −$5.28/SF
EGI
$57.6K $18.72/SF
− OpEx
−$14.4K −$4.68/SF
NOI
$43.2K $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 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%
$864,300
Cap Rate 7%
$617,357
Cap Rate 9%
$480,167
Alternative Uses
Best Use
Office B
$617.4K
$540.2K – $720.3K
NOI $43,215 @ 7.0% cap · market cap 6.91%
Second Best
Warehouse
$330.2K
$289.0K – $385.3K
NOI $23,116 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$848.5K
$742.4K – $989.9K
NOI $59,393 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Catering By Yolande — 1818 Andrews St, Alexandria, LA 71301
Frequently Asked Questions
What type of property is this?
Flex space - Office-oriented layout combines professional meeting areas with dedicated on-site storage.
Where is this flex space located?
The property is located at 5213 JACKSON Street Alexandria, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,078 square feet of heated commercial space; 972 square foot warehouse included; Office areas with conference room and full kitchen
