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    Property profile & analytics

    1400 Macarthur Dr Alexandria, LA 71301

    • Super regional malls
    • 15,474 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kroger Bakery / Bakery / Specialty Food Shop
    • Piccadilly Restaurants / Restaurant

    Property Details for 1400 Macarthur Dr

    Year built
    1957
    Property size
    15,474 SF
    Property type
    Super regional malls
    Property subtype
    Lifestyle centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides Parish
    State
    Louisiana
    Longitude
    -92.4749
    Latitude
    31.2846

    Comparable in this City

    • Value Estimation by Request
      8,739 SF

      2303 Macarthur Dr

      Lifestyle centers • 8,739 SF
      2303 Macarthur Dr, Alexandria, LA 71301
      View Details
    • Value Estimation by Request

      2385 Macarthur Dr

      Neighborhood centers
      2385 Macarthur Dr, Alexandria, LA 71301
      View Details
    • Value Estimation by Request

      701 Bolton Ave

      MINI-MALL
      701 Bolton Ave, Alexandria, LA 71301-6924
      View Details
    • Value Estimation
      $605,000
      5,100 SF

      2041 Mall Dr

      MINI-MALL • 5,100 SF
      2041 Mall Dr, Alexandria, LA 71301-3655
      View Details
    • Value Estimation
      $1,025,000
      9,398 SF

      1330 Texas Ave

      MINI-MALL • 9,398 SF
      1330 Texas Ave, Alexandria, LA 71301-4045
      View Details
    • Value Estimation
      $1,315,000
      12,320 SF

      2000 Mall Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 12,320 SF
      2000 Mall Dr, Alexandria, LA 71301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,660 SF

      Retail Shopping Center Near Mall

      Multi-tenant retail center in high-traffic area near Alexandria Mall.
      2385 S Macarthur Dr, Alexandria, LA 71301
      View Details
    • Contact for pricing
      103,287 SF

      Prime Alexandria Retail Space

      103,287 SF Big Box, High Traffic
      3401 Masonic Dr, Alexandria, LA 71301
      View Details
    • $79,900
      1.07 Acres

      Land with Development Potential

      Corner lot suitable for parking or development in Alexandria, Louisiana.
      110 Bolton Ave, Alexandria, LA 71301
      View Details
    • $850,000
      12,830 SF

      Office/Warehouse Space For Sale

      12,830 SF office/warehouse, former automotive repair business.
      6505 Masonic Dr, Alexandria, LA 71301
      View Details
    • Contact for pricing
      42,322 SF

      Former Call Center in Alexandria

      Furnished office building with development potential and ample parking.
      1421 Wimbledon Blvd, Alexandria, LA 71301
      View Details
    • $325,000
      3,315 SF

      Alexandria Multifamily Investment Opportunity

      Well-maintained fourplex in a convenient location, generating $3250 monthly.
      2027 Jackson Street Ext, Alexandria, LA 71301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,474 SF

      1400 Macarthur Dr

      Super regional malls • 15,474 SF
      1400 Macarthur Dr, Alexandria, LA 71301
      View Details
    • $299,000
      1,686 SF

      Full-Service Gas Station For Rent

      Gas station with 8 pumps, kitchen, and ample parking.
      1701 Lee St, Alexandria, LA 71301
      View Details
    • $2 SF/Yr
      49,000 SF

      Climate Controlled Warehouse Space

      49,000 SF climate-controlled warehouse with easy highway access.
      2800 S Macarthur Dr, Alexandria, LA 71301
      View Details
    • $2,850 /Mo
      2,249 SF

      Prime Commercial Office Space Available

      Move-in ready office building with high visibility and ample parking.
      2239 Worley Dr, Alexandria, LA 71301
      View Details
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    Alexandria, LA 71301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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