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    Undisclosed Address Alexandria, LA 71303
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    Undisclosed Address Alexandria, LA 71303

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Undisclosed Address

    Property type
    Retail properties & Spaces

    Description

    This thriving smoke shop in Alexandria, Louisiana, presents a unique investment opportunity. Priced at $250,000, this established business boasts a rich history, having been family-operated for over two decades. The sale includes all existing inventory, providing a seamless transition for the new owner. Located in Rapides Parish, zip code 71303, the property benefits from a prime location within Alexandria. The current business model offers significant potential for expansion within its existing footprint, allowing for increased revenue streams and enhanced profitability. Financial details are available upon request, allowing prospective buyers to fully assess the business's financial performance and growth trajectory. This turnkey operation is ideal for an experienced entrepreneur seeking a well-established business with room for growth or a first-time business owner looking for a proven model. The undisclosed address ensures privacy during the sales process. Serious inquiries only. Contact us to schedule a showing and learn more about this exceptional opportunity. The property is classified as retail commercial real estate.

    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
    -92.5198
    Latitude
    31.3067

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      6354 Coliseum Blvd

      Neighborhood centers • 6,000 SF
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    • Value Estimation
      $3,125,000
      25,962 SF

      5735 Coliseum Blvd

      SHOW ROOM, WAREHOUSE • 25,962 SF
      5735 Coliseum Blvd, Alexandria, LA 71303-3739
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    • Value Estimation by Request
      1,200 SF

      3712 Hwy 28

      SHOW ROOM, WAREHOUSE • 1,200 SF
      3712 Hwy 28, Alexandria, LA 71303
      View Details
    • Value Estimation by Request
      2,331 SF

      5914 Coliseum Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,331 SF
      5914 Coliseum Blvd, Alexandria, LA 71303-3714
      View Details
    • Value Estimation
      $665,000
      5,864 SF

      4605 Bolton Ave

      MINI-MALL • 5,864 SF
      4605 Bolton Ave, Alexandria, LA 71303-4863
      View Details
    • Value Estimation
      $1,350,000
      12,534 SF

      3150 Macarthur Dr

      MINI-MALL • 12,534 SF
      3150 Macarthur Dr, Alexandria, LA 71303-4128
      View Details

    Similar Nearby for Sale

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      Commercial Pad Site For Sale

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    • $200,000
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      41,117 SF

      Walmart Neighborhood Market Investment Opportunity

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    • $3,500,000
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      119,354 SF

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      Commercial pad site suitable for various developments.
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    Similar Nearby for Lease

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      Commercial Land Near Alexandria High

      Commercial property near Alexandria Senior High School, suitable for various businesses.
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      Highway 28 West Commercial Space

      Flexible commercial space with drive-thru access on Highway 28.
      6354 Coliseum Blvd, Alexandria, LA 71303
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      Retail Space in Plaza 28

      Retail space available in high-traffic Plaza 28 Center.
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    • $2,000 /Mo

      2,500 SF Office Space Available

      Office space featuring six large offices, waiting room, and parking.
      5216 Rue Verdun, Alexandria, LA 71303
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    • Contact for pricing

      Renovated Office Space Available

      Newly renovated office space suitable for medical or professional offices.
      1016 Calais Cir, Alexandria, LA 71303
      View Details
    • $3,650 /Mo

      Highway 28 West Office Space

      2,500 SF office space on Highway 28 West.
      5803 Coliseum Blvd, Alexandria, LA 71303
      View Details
    Request Owner's contact information
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    Undisclosed Address
    Alexandria, LA 71303
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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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