Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2211 Macarthur Dr Alexandria, LA 71303-4218

    • Commercial land
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2021
    $4,000,000
    Value Estimations
    $3,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2394033
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Inn At Macarthur / Hotel & Motel
    • coming soon...Howard Johnson-Alexandria / Hotel & Motel

    Property Details for 2211 Macarthur Dr

    Lot size
    1.12 lot acres
    Property type
    Commercial land
    APN
    24-017-07780-0024
    APU
    24017077800024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,400,000
      ML approach
      $3,535,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.4728
    Latitude
    31.3137
    CBSA code
    10780
    CBSA name
    ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $790
    $7,300
    $0.00
    $7,300
    -
    $73,000
    $0.00
    $73,000

    Comparable in this City

    • Value Estimation by Request
      0.71 Acres

      5949 Provine Pl

      VACANT COMMERCIAL LAND • 0.71 Acres
      5949 Provine Pl, Alexandria, LA 71303-3991
      View Details
    • Value Estimation by Request
      0.99 Acres

      6027 Twin Bridges Rd

      VACANT COMMERCIAL LAND • 0.99 Acres
      6027 Twin Bridges Rd, Alexandria, LA 71303-7710
      View Details
    • Value Estimation by Request
      3.35 Acres

      2151 Industrial Park Rd

      VACANT COMMERCIAL LAND • 3.35 Acres
      2151 Industrial Park Rd, Alexandria, LA 71303-4568
      View Details
    • Value Estimation by Request

      5828 Jackson St

      VACANT COMMERCIAL LAND
      5828 Jackson St, Alexandria, LA 71303-2045
      View Details
    • Value Estimation by Request
      1.00 Acre

      403 John Allison Dr

      VACANT COMMERCIAL LAND • 1.00 Acre
      403 John Allison Dr, Alexandria, LA 71303-7769
      View Details
    • Value Estimation by Request
      0.14 Acres

      1817 Bolton Ave

      VACANT COMMERCIAL LAND • 0.14 Acres
      1817 Bolton Ave, Alexandria, LA 71303-4263
      View Details

    Similar Nearby for Sale

    • $855,000
      8.53 Acres

      Expansive Commercial Property on Two Acres

      30,000 sqft commercial property on 2 acres of prime real estate.
      4606 Jackson Street Ext, Alexandria, LA 71303
      View Details
    • Contact for pricing
      119,354 SF

      Coliseum Boulevard Commercial Pad Site

      Commercial pad site suitable for various developments.
      7521 Coliseum Blvd, Alexandria, LA 71303
      View Details
    • $540,000
      1.50 Acres

      Vacant Commercial Lot on Jackson

      Vacant commercial land available on Jackson Street Extension.
      Jackson Lot 3 St, Alexandria, LA 71303
      View Details
    • $480,000
      24.84 Acres

      Versailles Blvd Commercial Land

      24 +/- acre commercial land on high-visibility Versailles Blvd.
      Tba Versailles Blvd, Alexandria, LA 71303
      View Details
    • $195,000
      2.07 Acres

      Commercial Land in Alexandria, LA

      Two-acre commercial land with development potential in Alexandria, Louisiana.
      4700 Jackson Street Ext, Alexandria, LA 71303
      View Details
    • $359,100
      2.00 Acres

      Commercial Land in Alexandria, LA

      Vacant commercial land with C-2 zoning and development potential.
      Jackson Lot 4 St, 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
    • $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
    • 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
    • $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
      View Details
    • $2,955 /Mo
      1,970 SF

      Professional Office Space For Lease

      Professional office space with flexible floor plan and easy access.
      212 Pecan Park Blvd, 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
    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.
    2211 Macarthur Dr
    Alexandria, LA 71303-4218
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!