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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3220 Macarthur Dr Alexandria, LA 71301-2931

    • Office Properties & Spaces
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2025
    $1,600,000
    Value Estimations
    $1,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1239893
    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

    • M & M Hyundai / Hyundai Dealer / Used Car Dealer
    • Giles Hyundai / Car Dealer

    Property Details for 3220 Macarthur Dr

    Lot size
    2.00 lot acres
    Property type
    Office Properties & Spaces
    APN
    23-047-33034-0003
    APU
    23047330340003

    Description

    This exceptional commercial property, situated at 3220 MacArthur Drive in Alexandria, Louisiana, presents a remarkable opportunity. The property boasts a prime location at a major four-way intersection of South MacArthur Drive and Sterkx Road, ensuring unparalleled visibility and accessibility. The site encompasses 5.3 acres of land and includes a substantial main building and showroom totaling 8,000 square feet, a 10,500 square-foot service facility, a 4,000 square-foot building, and a 4,500 square-foot metal shop. The property also features approximately 3 acres of concrete parking, ideal for inventory and service operations. Additional undeveloped land at the rear of the property offers significant potential for future expansion. The surrounding area is characterized by a thriving commercial environment, with nearby establishments including Walk-Ons Sports Bar and Grill, Johnny Carino's, Outback Steakhouse, Whataburger, Popeyes, Burger King, McDonald's, and Academy Sports + Outdoors. This location offers a significant cost advantage compared to new construction, making it an attractive option for businesses seeking a ready-to-occupy space. The total building square footage is 97,888 square feet. The property is currently available for purchase at $1,995,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,360,000
      ML approach
      $1,425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.4545
    Latitude
    31.2647
    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
    $12,853
    $36,300
    $82,500
    $118,800
    -
    $363,000
    $550,000
    $913,000

    Comparable in this City

    • Value Estimation by Request

      2219 Rapides Ave

      OFFICE (GENERAL)
      2219 Rapides Ave, Alexandria, LA 71301-5729
      View Details
    • Value Estimation by Request

      1348 Rapides Ave

      OFFICE (GENERAL)
      1348 Rapides Ave, Alexandria, LA 71301-7203
      View Details
    • Value Estimation by Request

      2305 Rapides Ave

      OFFICE (GENERAL)
      2305 Rapides Ave, Alexandria, LA 71301-5730
      View Details
    • Value Estimation by Request

      7 Texas Ave

      OFFICE (GENERAL)
      7 Texas Ave, Alexandria, LA 71301-5452
      View Details
    • Value Estimation by Request

      1204 Washington St

      OFFICE (GENERAL)
      1204 Washington St, Alexandria, LA 71301
      View Details
    • Value Estimation by Request

      1608 Jackson St

      OFFICE (GENERAL)
      1608 Jackson St, Alexandria, LA 71301-6935
      View Details

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      Vacant Land in Alexandria, LA

      Vacant land with high visibility in Alexandria, Louisiana.
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    Similar Nearby for Lease

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      Climate Controlled Warehouse Space

      49,000 SF climate-controlled warehouse with easy highway access.
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    • Contact for pricing
      15,474 SF

      1400 Macarthur Dr

      Super regional malls • 15,474 SF
      1400 Macarthur Dr, Alexandria, LA 71301
      View Details
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    Alexandria, LA 71301-2931
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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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