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    Property profile & analytics

    2208-2310 Macarthur Dr Alexandria, LA 71301

    • Land
    • 10.83 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2208-2310 Macarthur Dr

    Lot size
    10.83 lot acres
    Property type
    Land

    Description

    This exceptional 10.83-acre commercial land parcel presents a remarkable investment opportunity in Alexandria, Louisiana. Located at 2208-2310 N MacArthur Dr, Alexandria, LA 71303, this unrestricted property boasts prime highway frontage on a busy city road, ensuring unparalleled visibility and accessibility. The expansive cleared acreage offers ample space for a wide range of commercial developments, from retail spaces and office buildings to mixed-use complexes. Its strategic location within a highly sought-after area guarantees a constant stream of potential customers, maximizing exposure and attracting a diverse clientele. The property benefits from readily available utilities, including sewer and electricity, simplifying development plans. Furthermore, the unrestricted zoning and alcohol permit allowance provide significant flexibility for prospective businesses. This is an ideal location for businesses seeking to establish a strong presence in a high-traffic area with excellent visibility and convenient access. The property's size and location make it a truly unique opportunity for significant commercial growth and return on investment. Rapides Parish location and 71301 zip code.

    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
    -92.4727
    Latitude
    31.3155

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

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      904 13Th St

      Land
      904 13Th St, Alexandria, LA 71301
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      3.00 Acres

      3218 Industrial St

      VACANT COMMERCIAL LAND • 3.00 Acres
      3218 Industrial St, Alexandria, LA 71301-3511
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      Jackson St

      VACANT COMMERCIAL LAND
      Jackson St, Alexandria, LA 71301
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      935 Jackson St

      VACANT COMMERCIAL LAND
      935 Jackson St, Alexandria, LA 71301-7658
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      601 Lee St

      VACANT COMMERCIAL LAND
      601 Lee St, Alexandria, LA 71301-7916
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    Similar Nearby for Sale

    • $235,000

      Prime Alexandria Commercial Property

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      Central LA Commercial Land

      10.83 Acres, High Visibility
      2208-2310 Macarthur Dr, Alexandria, LA 71301
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    • $200,000
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      Alexandria Warehouse & Land Investment

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      Vacant Land in Alexandria, LA

      Vacant land well-located to city amenities in Alexandria, Louisiana.
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      Landmark Alexandria Commercial Property

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    Similar Nearby for Lease

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      Climate Controlled Warehouse Space

      49,000 SF climate-controlled warehouse with easy highway access.
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      15,474 SF

      1400 Macarthur Dr

      Super regional malls • 15,474 SF
      1400 Macarthur Dr, Alexandria, LA 71301
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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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