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    2385 S Macarthur Dr Alexandria, LA 71301
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    2385 S Macarthur Dr, Alexandria, LA 71301

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    • Neighborhood centers
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    Retail Shopping Center Near Mall For Sale
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    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
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    Property ID
    US36-1173130
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strickland Roy DC / Alternative Medicine Practice
    • Vexus Fiber / Telecommunications Service / Data Center
    • Lendmark Financial Services LLC / Loan Service
    • Defense Tax Group | Tax Relief Settlement Attorney | Free Consultation / Tax Preparation

    Property Details for 2385 S Macarthur Dr

    Property type
    Neighborhood centers
    Property subtype
    Lifestyle centers

    Description

    This exceptional Class A retail property, located at 2385 S MacArthur Dr, Alexandria, LA 71301, offers two available spaces totaling 1,540 to 3,080 square feet within a five-suite shopping center. Situated on bustling South MacArthur Drive in Rapides Parish, this end-cap space boasts high visibility and ample parking, ensuring maximum exposure for your business. The single-story building features a versatile layout adaptable to various retail, dining, or service-based businesses. Its prime location benefits from proximity to other shopping centers, residential areas, and major thoroughfares, guaranteeing a strong customer base. Municipal power is provided. The property's APN is 2405200205000901. This is an excellent opportunity to establish or expand your business in a thriving commercial area with significant foot traffic and convenient access for customers. The property is ideal for businesses seeking high visibility and a strategic location within a well-established commercial district. Don't miss this chance to secure a prime retail space in a high-traffic area of Alexandria, Louisiana.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides Parish
    State
    Louisiana
    Longitude
    -92.4625394
    Latitude
    31.2731625

    Comparable in this City

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      MacArthur Village Shopping Center Space

      Retail spaces available in Alexandria's high-income area.
      1400 Macarthur Dr, Alexandria, LA 71301
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      Retail Space in Alexandria Mall

      Retail spaces available for lease in Alexandria, Louisiana.
      3437 Masonic Dr, Alexandria, LA 71301
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    • $3 SF/Yr
      104,273 SF

      Versatile Distribution Center with Spaces

      Multi-tenant business park with retail, office, and industrial spaces.
      2800 South Macarthur Dr, Alexandria, LA 71301
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      1,000 SF

      Retail Storefront for Rent

      Retail storefront with open showroom, storage, and restroom.
      3320 Monroe St, Alexandria, LA 71301
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    • $299,000
      1,686 SF

      Full Service Gas Station

      Gas station with 8 pumps, kitchen, and ample parking.
      1701 Lee St, Alexandria, LA 71301
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      Retail Shopping Center Near Mall

      Multi-tenant retail center in high-traffic area near Alexandria Mall.
      2385 S Macarthur Dr, Alexandria, LA 71301
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      62,117 SF

      Albertsons NNN Lease Opportunity

      NNN leased Albertsons with ±4.7 years of term remaining.
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      Land with Development Potential

      Corner lot suitable for parking or development in Alexandria, Louisiana.
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      Prime Alexandria Gas Station Investment

      High-traffic corner lot, lucrative potential.
      1701 Lee St, Alexandria, LA 71301
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      Prime Alexandria Commercial Trio

      Three-unit office building, ideal location.
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    Similar Nearby for Lease

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      MacArthur Village Shopping Center Space

      Retail spaces available in Alexandria's high-income area.
      1400 Macarthur Dr, Alexandria, LA 71301
      View Details
    • Contact for pricing

      Retail Space in Alexandria Mall

      Retail spaces available for lease in Alexandria, Louisiana.
      3437 Masonic Dr, Alexandria, LA 71301
      View Details
    • $3 SF/Yr
      104,273 SF

      Versatile Distribution Center with Spaces

      Multi-tenant business park with retail, office, and industrial spaces.
      2800 South Macarthur Dr, Alexandria, LA 71301
      View Details
    • $299,000
      1,686 SF

      Full Service Gas Station

      Gas station with 8 pumps, kitchen, and ample parking.
      1701 Lee St, Alexandria, LA 71301
      View Details
    • Contact for pricing
      1,000 SF

      Retail Storefront for Rent

      Retail storefront with open showroom, storage, and restroom.
      3320 Monroe St, Alexandria, LA 71301
      View Details
    View Listing
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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.

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