Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    28W Tract A Alexandria Ln 71303 Alexandria, LA 71303
    Back to Search
    Property profile & analytics

    28W Tract A Alexandria Ln 71303, Alexandria, LA 71303

    View on Map
    • Land
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 28W Tract A Alexandria Ln 71303

    Lot size
    1.50 lot acres
    Property type
    Land

    Description

    This exceptional 1.5-acre commercial lot is strategically located on Highway 28 West in Alexandria, Louisiana, a high-traffic area offering unparalleled visibility. Priced at $275,000, this privately owned property boasts over 185 feet of highway frontage, ensuring maximum exposure for your business. The lot is zoned COMMERCIAL, making it ideal for a wide range of commercial ventures. Situated just outside city limits in Rapides Parish, this location offers the advantages of a bustling commercial corridor while potentially avoiding some city regulations. Its proximity to Vandenburg Drive and the Johnny Downs sports complex further enhances its appeal, providing convenient access to a large customer base and significant foot traffic. This prime real estate presents a rare opportunity to establish a thriving business in a high-demand location. The property's size and visibility make it an excellent investment for entrepreneurs seeking a prominent presence in Alexandria's dynamic commercial landscape. Don't miss this chance to secure a highly visible and accessible location for your next commercial endeavor. The zip code is 71303.

    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
    State
    Louisiana
    Longitude
    -92.5198
    Latitude
    31.3067

    Comparable in this City

    • Value Estimation by Request
      81.67 Acres

      6053 Bayou Rapides Rd

      Land
      6053 Bayou Rapides Rd, Alexandria, LA 71303
      View Details
    • Value Estimation by Request
      2.74 Acres

      7521 Coliseum Blvd

      Mixed-use properties
      7521 Coliseum Blvd, Alexandria, LA 71303
      View Details
    • Value Estimation by Request
      0.40 Acres

      5213 Jackson Street Ext

      Land
      5213 Jackson Street Ext, Alexandria, LA 71303
      View Details
    • Value Estimation by Request
      5.00 Acres

      Old Boyce Rd

      Land
      0 Old Boyce Rd, Boyce, LA 71303
      View Details
    • Value Estimation by Request
      1.97 Acres

      6599 England Dr

      Land
      6599 England Dr, Alexandria, LA 71303
      View Details
    • Value Estimation by Request

      Lodi Rd

      Land
      0 Lodi Rd, Alexandria, LA 71303
      View Details

    Similar Nearby for Sale

    • $2,858,450

      Land Tract on Bayou Rapides

      Large land tract available for sale on Bayou Rapides.
      6053 Bayou Rapides Rd, Alexandria, LA 71303
      View Details
    • Contact for pricing

      81.67 Acres on Bayou Rapides

      81.67 acres ideal for development and investment.
      6053 Bayou Rapides Rd, Alexandria, LA 71303
      View Details
    • $129,000
      5.00 Acres

      Prime 5-Acre Commercial Land in Alexandria, LA

      Agricultural land, ideal for commercial development. Excellent I-49 access.
      0 Old Boyce Rd, Boyce, LA 71303
      View Details
    • $200,000
      0.81 Acres

      Prime Commercial Lot Near I-49

      High-traffic location, level lot, development ready.
      6014 Old Boyce Rd, Alexandria, LA 71303
      View Details
    • $64,000
      0.94 Acres

      Cleared Lot in Gated Community

      Cleared 0.942-acre lot in Alexandria's Bonaire Subdivision.
      1328 Bonaire Trce, Alexandria, LA 71303
      View Details
    • $54,500

      Residential Lots in Gated Community

      Three residential lots available in exclusive gated community.
      6005 Stonegate Dr, Alexandria, LA 71303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Alexandria High

      Commercial property near Alexandria Senior High School, suitable for various businesses.
      5994 Jackson St, Alexandria, LA 71303
      View Details
    • Contact for pricing

      Retail Space in Plaza 28

      Retail space available in high-traffic Plaza 28 Center.
      6501 Coliseum Blvd, Alexandria, LA 71303
      View Details
    • $6,000 /Mo
      3,450 SF

      Multi-Use Commercial Building For Lease

      Unique commercial building with open spaces and ample parking.
      3820 Highway 28 West, Alexandria, LA 71303
      View Details
    • Contact for pricing

      Highway 28 West Commercial Space

      Flexible commercial space with drive-thru access on Highway 28.
      6354 Coliseum Blvd, Alexandria, LA 71303
      View Details
    • Contact for pricing
      6,150 SF

      Retail Space in Westgate Center

      Retail space available in a high-traffic shopping center.
      111 433 Macarthur Blvd, Alexandria, LA 71303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28W Tract A Alexandria Ln 71303
    Alexandria, LA 71303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28W Tract A Alexandria Ln 71303, Alexandria, LA, 71303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!