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    2643 Macarthur Dr Alexandria, LA 71301
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    Property profile & analytics

    2643 Macarthur Dr, Alexandria, LA 71301

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    • Commercial real estate
    • 161,000 SF
    Off-Market
    Property ID
    US36-0321956
    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

    • UPS Access Point location / Courier Service / Postal Service
    • Ross Dress For Less / Clothing Store / Department Store

    Property Details for 2643 Macarthur Dr

    Property type
    Commercial real estate

    Description

    Alexandria Commons offers ±161,000 square feet of retail and office space in a multi-tenant building located at 2643 S MacArthur Dr, Alexandria, LA 71301. This Rapides Parish property boasts a prime location on a major retail thoroughfare, S MacArthur Drive, experiencing a high daily traffic count of 22,844 vehicles. The center attracts over 2.5 million visitors annually, providing exceptional exposure for businesses. The property is highly divisible, with a minimum leasable space of 6,500 square feet and a maximum contiguous space of 32,500 square feet, offering flexibility for various business needs and sizes. This presents a unique opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment. The property's strategic location within Alexandria, Louisiana, ensures easy access for customers and employees. The building's substantial size and flexible lease options make it an ideal location for a variety of retail and office tenants seeking to establish or expand their presence in this dynamic market. The property is classified as both retail and office space, catering to a diverse range of potential occupants. This makes Alexandria Commons an attractive investment opportunity for those seeking a well-established and high-traffic retail center in a desirable location.

    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
    -92.4594101
    Latitude
    31.2709437

    Comparable in this City

    • $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
    • Contact for pricing

      Office Space on MacArthur Drive

      Office space for lease in a high-traffic commercial area.
      1651 Macarthur Dr, Alexandria, LA 71301
      View Details
    • Contact for pricing

      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
      1,000 SF

      Retail Storefront for Rent

      Retail storefront with open showroom, storage, and restroom.
      3320 Monroe St, 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

    Similar Nearby for Sale

    • $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
    • Contact for pricing

      Updated Office Building For Sale

      Recently updated office building with long-term tenant in place.
      904 13Th St, Alexandria, LA 71301
      View Details
    • Contact for pricing
      62,117 SF

      Albertsons NNN Lease Opportunity

      NNN leased Albertsons with ±4.7 years of term remaining.
      2265 S Macarthur 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
    • Contact for pricing

      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

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Office Space on MacArthur Drive

      Office space for lease in a high-traffic commercial area.
      1651 Macarthur Dr, Alexandria, LA 71301
      View Details
    • Contact for pricing

      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
      1,000 SF

      Retail Storefront for Rent

      Retail storefront with open showroom, storage, and restroom.
      3320 Monroe St, 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
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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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