Property profile

1220 Rapides Ave Alexandria, LA 71301

OFF-MARKET
Commercial land
Property ID
US36-1668164
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Alexandria, LA property, located near I-49, presents a unique live-work opportunity spanning 4,215 square feet on a 0.36-acre lot. The property is currently configured as an event center, complete with existing equipment and furnishings (available for inclusion in the sale). The main commercial area comprises two units: a 1,260 sq. ft. space previously used as a grocery store, ideal for retail or other commercial ventures, and a 574 sq. ft. unit with a separate entrance, perfect for an office or additional business. A substantial 1,898 sq. ft. residential area features four bedrooms, two full bathrooms, a kitchen/breakfast area, and an office/living room, offering ample living space or additional workspace. A 484 sq. ft. attached garage/storage area provides convenient extra space. Both the commercial and residential sections have independent HVAC systems with individual thermostats. Recent upgrades include a new 200-amp breaker panel, water heater, wood privacy fence, and complete PEX plumbing and HVAC replacement. The property is zoned B3

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 24-039-09560-0123
UPID US36-1668164

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1220 Rapides Ave Alexandria, LA 71301-7201
Alexandria metro Census 13900 ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2025
Last sale
$152,000
3 recorded transactions
2025
$152,000
2021
Price N/A
2015
$7,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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