Flex Space with
New
For Sale
$450,000
621 N 3rd Street, Alexandria, LA 71301
A storefront entrance serves an open interior, with covered exterior areas also included.
Property Size2,804 SF
Price / SF$160.49
Days on Market4
Property Features for 621 N 3rd Street
General Information
Standard status
Active
Size
2,804 SF
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$3,056
Listing Agency:
REALTY EXPERTS, INC.
(318) 704-6696
Listed By:
RANDY BROWNING · License #912124093
(318) 201-0645
Source:
Exprealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:04PM
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 REALTY EXPERTS, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 621 N 3rd Street in Alexandria, this flex property combines a storefront entrance with an open interior area. The layout also includes a warehouse, a workshop, and covered outdoor areas, offering several distinct spaces within the property.
Key Highlights
- Open interior with a storefront entrance
- Includes warehouse and workshop areas
- Covered outdoor areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,058
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,160
$421.2K
Cap Rate 7%
$300,829
$300.8K
Cap Rate 9%
$233,978
$234.0K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$26.6K $9.48/SF
− Vacancy
−$1.8K −$0.64/SF
EGI
$24.8K $8.84/SF
− OpEx
−$3.7K −$1.33/SF
NOI
$21.1K $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 Rate 5%
$421,160
Cap Rate 7%
$300,829
Cap Rate 9%
$233,978
Alternative Uses
Best Use
Warehouse
$300.8K
$263.2K – $351.0K
NOI $21,058 @ 7.0% cap · market cap 4.68%
Second Best
Flex RnD
$254.1K
$222.4K – $296.5K
NOI $17,790 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$772.9K
$676.3K – $901.8K
NOI $54,106 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- 2Reign Catering — 1819 Shirland Ave, Alexandria, LA 71301
Frequently Asked Questions
What type of property is this?
Flex space - A storefront entrance serves an open interior, with covered exterior areas also included.
Where is this flex space located?
The property is located at 621 N 3rd Street Alexandria, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Open interior with a storefront entrance; Includes warehouse and workshop areas; Covered outdoor areas
