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    Property profile & analytics

    2303 Macarthur Dr Alexandria, LA 71301

    • Lifestyle centers
    • 8,739 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1033794
    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

    • Rush My Passport / Travel Agency
    • Crumbl - Alexandria / Bakery / Take-out & Catering
    • GameStop / Electronics & Wireless Store
    • FedEx Office Print & Ship Center / Courier Service / Postal Service
    • Wingstop / Restaurant

    Property Details for 2303 Macarthur Dr

    Year built
    2004
    Lot size
    0.92 lot acres
    Property size
    8,739 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 8,739 square foot retail shopping center in Alexandria, Louisiana presents a compelling investment opportunity. Located at 2303 S MacArthur Dr, this fully occupied (100%) property boasts a strong tenant mix including FedEx Office, Wingstop, Crumbl Cookies (lease signed 2023), and GameStop. The center benefits from a prime location directly in front of an Albertsons grocery store and near the Alexandria Mall, offering significant foot traffic and visibility. Built in 2004, the single-story building sits on a 0.92-acre lot with ample parking (40 spaces) and attractive pylon signage. The property features a Net Lease (NNN) structure with a corporate-guaranteed tenant base, providing stability and predictable income. The current Net Operating Income (NOI) is $219,416, yielding a 7.65% cap rate at an asking price of $2,868,200 ($328.21/sq ft). The property's strategic location near major retailers (Walmart, Sam's Club, Home Depot, Lowe's), hotels, and key employers (Proctor & Gamble, Crest Industries, Weyerhaeuser) ensures consistent demand and long-term value. Built-in rent bumps provide future income growth potential. The property is zoned commercial and offers excellent access with a left-turn lane. This is a rare opportunity to acquire a high-performing, well-located retail investment in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides Parish
    State
    Louisiana
    Longitude
    -92.463853
    Latitude
    31.27278

    Comparable in this City

    • Contact for pricing
      11,660 SF

      Retail Shopping Center Near Mall

      Multi-tenant retail center in high-traffic area near Alexandria Mall.
      2385 S Macarthur Dr, Alexandria, LA 71301
      View Details
    • $850,000
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      Office/Warehouse Space For Sale

      12,830 SF office/warehouse, former automotive repair business.
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    • Contact for pricing
      103,287 SF

      Prime Alexandria Retail Space

      103,287 SF Big Box, High Traffic
      3401 Masonic Dr, Alexandria, LA 71301
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    • $79,900
      1.07 Acres

      Land with Development Potential

      Corner lot suitable for parking or development in Alexandria, Louisiana.
      110 Bolton Ave, Alexandria, LA 71301
      View Details
    • $59,500

      Commercial Land on MacArthur Drive

      Commercial land available on MacArthur Drive in Alexandria, Louisiana.
      1 Macarthur Dr, Alexandria, LA 71301
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    • $275,000
      2,756 SF

      Downtown Alexandria Commercial Office Building

      Commercial office building in downtown Alexandria with parking.
      720 Jackson Street Ext, Alexandria, LA 71301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,660 SF

      Retail Shopping Center Near Mall

      Multi-tenant retail center in high-traffic area near Alexandria Mall.
      2385 S Macarthur Dr, Alexandria, LA 71301
      View Details
    • $850,000
      12,830 SF

      Office/Warehouse Space For Sale

      12,830 SF office/warehouse, former automotive repair business.
      6505 Masonic Dr, Alexandria, LA 71301
      View Details
    • Contact for pricing
      103,287 SF

      Prime Alexandria Retail Space

      103,287 SF Big Box, High Traffic
      3401 Masonic Dr, Alexandria, LA 71301
      View Details
    • $79,900
      1.07 Acres

      Land with Development Potential

      Corner lot suitable for parking or development in Alexandria, Louisiana.
      110 Bolton Ave, Alexandria, LA 71301
      View Details
    • $59,500

      Commercial Land on MacArthur Drive

      Commercial land available on MacArthur Drive in Alexandria, Louisiana.
      1 Macarthur Dr, Alexandria, LA 71301
      View Details
    • $275,000
      2,756 SF

      Downtown Alexandria Commercial Office Building

      Commercial office building in downtown Alexandria with parking.
      720 Jackson Street Ext, Alexandria, LA 71301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,474 SF

      1400 Macarthur Dr

      Super regional malls • 15,474 SF
      1400 Macarthur Dr, Alexandria, LA 71301
      View Details
    • $299,000
      1,686 SF

      Full-Service Gas Station For Rent

      Gas station with 8 pumps, kitchen, and ample parking.
      1701 Lee St, Alexandria, LA 71301
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    • $2 SF/Yr
      49,000 SF

      Climate Controlled Warehouse Space

      49,000 SF climate-controlled warehouse with easy highway access.
      2800 S Macarthur Dr, Alexandria, LA 71301
      View Details
    • $2,850 /Mo
      2,249 SF

      Prime Commercial Office Space Available

      Move-in ready office building with high visibility and ample parking.
      2239 Worley Dr, Alexandria, LA 71301
      View Details

    Property Visit Statistics

    • Visits by month
      8.8k
    • Visitors by month
      8.9k
    • Avg Time on site
      14 min
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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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