Sign Up Successful!
You now have access to more from Realmo!
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

    2501 3Rd St Alexandria, LA 71302

    • Commercial real estate
    • 0.71 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1311775
    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

    • Family Dollar / Discount Store

    Property Details for 2501 3Rd St

    Lot size
    0.71 lot acres
    Property type
    Commercial real estate
    APN
    24-006-01060-0009
    APU
    24006010600009

    Description

    This exceptional freestanding retail property, located at 2501 3rd Street in Alexandria, Louisiana, offers a significant opportunity for businesses seeking high visibility and convenient access. The single-tenant building boasts a total of 9,315 square feet, with 8,787 square feet currently vacant, presenting a blank canvas for a variety of commercial uses. Situated on a 0.7-acre lot, the property benefits from dual street access via 3rd Street and Broadway Street, ensuring excellent exposure to a substantial customer base. Its prime location offers close proximity to both downtown Alexandria and the neighboring city of Pineville, maximizing reach and potential customer traffic. The one-story building is situated in Rapides Parish, zip code 71302, and is classified as Commercial, Freestanding. The property's former use as a Family Dollar store speaks to its proven retail viability. Any proposed sublease agreements are contingent upon the approval of the master landlord. This property presents a rare opportunity to establish a thriving business in a highly desirable location. The substantial square footage and convenient access make it an ideal location for a wide range of retail ventures. Serious inquiries are encouraged.

    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
    State
    Louisiana
    Longitude
    -92.4334
    Latitude
    31.3025
    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
    $9,266
    $9,900
    $90,150
    $100,050
    -
    $99,000
    $601,000
    $700,000

    Comparable in this City

    • Value Estimation by Request
      2,015 SF

      2625 3rd St

      COMMERCIAL (GENERAL) • 2,015 SF
      2625 3rd St, Alexandria, LA 71302-6104
      View Details
    • Value Estimation by Request
      0.29 Acres

      4529 Lee St

      COMMERCIAL (GENERAL) • 0.29 Acres
      4529 Lee St, Alexandria, LA 71302-3234
      View Details
    • Value Estimation by Request

      4020 Macarthur Dr

      COMMERCIAL (GENERAL)
      4020 Macarthur Dr, Alexandria, LA 71302-3249
      View Details
    • Value Estimation by Request
      0.36 Acres

      3723 Macarthur Dr

      COMMERCIAL (GENERAL) • 0.36 Acres
      3723 Macarthur Dr, Alexandria, LA 71302-3339
      View Details
    • Value Estimation by Request

      3203 3rd St

      COMMERCIAL (GENERAL)
      3203 3rd St, Alexandria, LA 71302-5702
      View Details
    • Value Estimation by Request

      3012 3rd St

      COMMERCIAL (GENERAL)
      3012 3rd St, Alexandria, LA 71302-5801
      View Details

    Similar Nearby for Sale

    • $350,000
      6,000 SF

      Prime Alexandria Commercial Space

      High-traffic location, 6000 sq ft, 3-acre lot
      3919 Lee St, Alexandria, LA 71302
      View Details
    • $595,000
      6.00 Acres

      I-49 Truck Plaza Redevelopment Opportunity

      6-Acre Commercial Land, High Traffic Area
      5215 Macarthur Dr, Alexandria, LA 71302
      View Details
    • $70,000

      Unrestricted Land Near Alexandria

      Unrestricted land suitable for manufactured homes, small farms.
      Alexandria, LA 71302
      View Details
    • $205,000
      67.59 Acres

      67 Acres Vacant Land

      67-acre tract with pasture, woodlands, and highway frontage.
      7518 None, Alexandria, LA 71302
      View Details
    • $695,000
      3,500 SF

      Prime Alexandria Gas Station & Restaurant

      Profitable Turnkey Retail Opportunity in LA
      3812 3Rd St, Alexandria, LA 71302
      View Details
    • $1,350,000
      90,000 SF

      Alexandria Mixed-Use Campus Investment

      14 Acres, 90,000+ SF, Vacant
      4311 Macarthur Dr, Alexandria, LA 71302
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      330,000 SF

      Alexandria Warehouse: 330,000 SF

      Prime Alexandria warehouse, 330,000 SF, 20 acres.
      701 Xavier St, Alexandria, LA 71302
      View Details
    • $8 SF/Yr
      9,315 SF

      Prime Alexandria Retail Space

      Freestanding building, high visibility, 9,315 sq ft
      2501 3Rd St, Alexandria, LA 71302
      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.
    2501 3Rd St
    Alexandria, LA 71302
    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.