Flex Space with
New
For Sale
$450,000
621 N 3rd Street, Alexandria, LA 71301
Commercial Sale, Alexandria, LA
Property Size2,804 SF
Lot Size1.86 Acres
Price / SF$160.49
Days on Market4
Property Features for 621 N 3rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Parking Lot
Fencing
Chain Link
Lot features
Level
Directions
Hwy 71-165 to North 3rd st
Subdivision
100 Rapides, Alex Side
Standard status
Active
APN
2401002860000301
Size
2,804 SF
Lot size
1.86 Acres
Taxes and HOA fees
Tax Description
--Pt Lots 5 & 7, Ellis Subd; Frtg 110' On North Third St. X 205' X 81.3' X 193.4' & Lots 3& 4 Ellis Subd.
Tax Annual Amount
3056
Legal Description
--Pt Lots 5 & 7, Ellis Subd; Frtg 110' On North Third St. X 205' X 81.3' X 193.4' & Lots 3& 4 Ellis Subd.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
1
Listing Agency:
REALTY EXPERTS, INC.
(318) 704-6696
Listed By:
RANDY BROWNING · License #912124093
(318) 201-0645
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 27 at 12:06AM
MLS# 200EGL
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,804-square-foot flex property sits on 1.86 acres and includes a storefront entrance, open interior area, warehouse space, a workshop, and covered outdoor areas. Central heating and central air serve the building, which was built in 1983. The site also has a parking lot and chain-link fencing.
The property is zoned Commercial and is served by public water and public sewer.
The property is zoned Commercial and is served by public water and public sewer.
Key Highlights
- 2,804‑square‑foot building on 1.86 acres
- Storefront entrance with an open interior area
- Warehouse space, workshop, and covered outdoor areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,741
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,820
$674.8K
Cap Rate 7%
$482,014
$482.0K
Cap Rate 9%
$374,900
$374.9K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$50.5K $18.00/SF
− Vacancy
−$2.3K −$0.81/SF
EGI
$48.2K $17.19/SF
− OpEx
−$14.5K −$5.16/SF
NOI
$33.7K $12.03/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,820
Cap Rate 7%
$482,014
Cap Rate 9%
$374,900
Alternative Uses
Best Use
Retail
$482.0K
$421.8K – $562.4K
NOI $33,741 @ 7.0% cap · market cap 7.50%
Second Best
Warehouse
$300.8K
$263.2K – $351.0K
NOI $21,058 @ 7.0% cap · market cap 4.68%
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
Who owns this building?
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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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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, warehouse area, workshop, and covered outdoor space provide a varied commercial layout.
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: 2,804‑square‑foot building on 1.86 acres; Storefront entrance with an open interior area; Warehouse space, workshop, and covered outdoor areas
