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    Keller Williams Realty Southeast Alabama

    1841 Honeysuckle Rd, Dothan, AL 36305
    (334) 714-9046
    Size: 10+ agents

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    • Land
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    For Sale (61)

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    Historic Multi-Use Downtown Property
    $495,000
    5,000 SF

    Historic Multi-Use Downtown Property

    Historic 5,000+ sq ft multi-use property in downtown Geneva.

    307 Academy St, Geneva, AL 36340
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    Residential Land in Geneva, AL
    Contact for pricing
    0.50 Acres

    Residential Land in Geneva, AL

    0.50 acre wooded lot with utilities available in Geneva, AL.

    Ward St, Geneva, AL 36340
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    Historic Depot in Downtown Eufaula
    $250,000
    7,600 SF

    Historic Depot in Downtown Eufaula

    Historic 7,600 SF depot in downtown Eufaula, Alabama.

    300 Randolph Ave, Eufaula, AL 36027
    View details
    Acre Lot with Pole Barn
    $47,000
    1.00 Acre

    Acre Lot with Pole Barn

    One-acre cleared parcel with well, septic, and pole barn.

    350 Forest Hill Cemetary Rd, Geneva, AL 36340
    View details
    9.3 Acres Wooded Land Andalusia
    $120,000
    9.30 Acres

    9.3 Acres Wooded Land Andalusia

    9.3 acres of wooded land, perfect for building your dream home.

    9.3 +/- Acres Airport Rd, Andalusia, AL 36421
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    Residential Land in Ashford, Alabama
    $162,000
    26.70 Acres

    Residential Land in Ashford, Alabama

    26.7 acre residential land suitable for subdivision or private estate.

    000 Eudon Best Rd, Ashford, AL 36312
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    Dothan Residential Land Opportunity
    $49,900
    0.50 Acres

    Dothan Residential Land Opportunity

    0.50 acre residential lot near Cultural Arts Center.

    973 Saint Andrews St, Dothan, AL 36301
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    Residential Land in Ozark
    Contact for pricing
    0.70 Acres

    Residential Land in Ozark

    Residential lot in established Ozark subdivision, convenient location.

    Alcuri Dr, Ozark, AL 36360
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    Residential Lot in Established Subdivision
    Contact for pricing
    0.70 Acres

    Residential Lot in Established Subdivision

    Residential lot in Ozark, convenient to amenities and Ft. Novosel.

    Alcuri Dr, Ozark, AL 36360
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    Residential Land in Ashford, Alabama
    $271,240
    27.12 Acres

    Residential Land in Ashford, Alabama

    27.12 acres of residential land in Ashford, Alabama.

    000 Baxter Rd, Ashford, AL 36312
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    Lake Seminole 0.53-Acre Lot
    $79,900
    0.53 Acres

    Lake Seminole 0.53-Acre Lot

    0.53-acre lot on Lake Seminole in Donalsonville, GA.

    Sunny Dr, Donalsonville, GA 39845
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    Historic Building in Eufaula, Alabama
    $225,000
    0.51 Acres

    Historic Building in Eufaula, Alabama

    Historic commercial building suitable for offices, retail, or mixed-use concepts.

    514 Barbour St, Eufaula, AL 36027
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    395 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Gated Subdivision
    $36,000

    Residential Land in Gated Subdivision

    Residential lots in a gated subdivision with clubhouse.

    376 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    327 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    331 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land Near Local Amenities
    Contact for pricing
    1.47 Acres

    Residential Land Near Local Amenities

    1.4-acre residential land close to amenities and outdoor activities.

    Sunflower St, Geneva, AL 36340
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    329 Grand Hbr Cir, Dothan, AL 36303
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    59 Acres Land in Ozark
    $395,000
    59.00 Acres

    59 Acres Land in Ozark

    Land for sale in Ozark, AL with development potential.

    1162 Union Ave, Ozark, AL 36360
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    Expansive Residential Land in Dothan
    $110,000
    11.04 Acres

    Expansive Residential Land in Dothan

    11.04-acre residential lot perfect for building a dream home.

    3000 Omussee Rd, Dothan, AL 36303
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    Commercial Property in Carolina, AL
    $89,900
    0.92 Acres

    Commercial Property in Carolina, AL

    High-visibility commercial property with endless potential in Carolina, Alabama.

    13828 Us Highway 29, Andalusia, AL 36421
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    404 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    310 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    316 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Gated Community
    Contact for pricing
    0.94 Acres

    Residential Land in Gated Community

    Two lots in gated community with amenities, utilities available.

    Woodland Dr, Abbeville, AL 36310
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    Turnkey Wedding and Event Venue
    $665,000
    7,000 SF

    Turnkey Wedding and Event Venue

    Fully functional venue with booked events and immediate income potential.

    7821 County Road 91, Slocomb, AL 36375
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    Large Wooded Parcel in Geneva
    $99,000
    15.00 Acres

    Large Wooded Parcel in Geneva

    15-acre wooded parcel with well and septic system.

    504 Pensacola Ave, Geneva, AL 36340
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    Dothan Commercial Investment Opportunity
    $1,399,900
    1.12 Acres

    Dothan Commercial Investment Opportunity

    High-exposure site with 80 parking spaces in active commercial corridor.

    205 Apple Ave, Dothan, AL 36303
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    Residential Land in Gated Subdivision
    $36,000

    Residential Land in Gated Subdivision

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    325 Grand Hbr Cir, Dothan, AL 36303
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    Versatile Commercial Property on 7.44 Acres
    $999,900
    7.44 Acres

    Versatile Commercial Property on 7.44 Acres

    Commercial property with expansion potential and office conversion opportunity.

    330 Industrial Blvd, Daleville, AL 36322
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    West Dothan Commercial Investment Opportunity
    $2,300,000
    2.06 Acres

    West Dothan Commercial Investment Opportunity

    Dual-lot commercial site in West Dothan with high traffic exposure.

    203-205 Apple Ave, Dothan, AL 36303
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    Residential Land in Gated Subdivision
    $36,000

    Residential Land in Gated Subdivision

    Residential lots in a new gated subdivision with clubhouse.

    393 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    338 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    391 Grand Hbr Cir, Dothan, AL 36303
    View details
    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    378 Grand Hbr Cir, Dothan, AL 36303
    View details
    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    374 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Gated Subdivision
    $36,000

    Residential Land in Gated Subdivision

    Residential lots in a gated community with clubhouse.

    341 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Gated Subdivision
    $36,000

    Residential Land in Gated Subdivision

    Residential lots in gated community with clubhouse, Dothan, Alabama.

    343 Grand Hbr Cir, Dothan, AL 36303
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    Daleville Commercial Property with Drive-Through
    $179,000
    0.50 Acres

    Daleville Commercial Property with Drive-Through

    Two-story commercial property with drive-through in high-traffic area.

    671 North Daleville Ave, Daleville, AL 36322
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision with clubhouse.

    321 Grand Hbr Cir, Dothan, AL 36303
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    Residential Land in Gated Subdivision
    $36,000

    Residential Land in Gated Subdivision

    Residential lots in new gated community with clubhouse, Dothan, AL.

    333 Grand Hbr Cir, Dothan, AL 36303
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    Dothan Office Space For Sale
    $90,000
    400 SF

    Dothan Office Space For Sale

    Move-in ready, renovated office space in Sun Plaza Complex.

    Montgomery Hwy, Dothan, AL 36303
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    Residential Land in Established Subdivision
    Contact for pricing
    1.00 Acre

    Residential Land in Established Subdivision

    Residential lot in Ozark, convenient to amenities and Fort Novosel.

    Alcuri Dr, Ozark, AL 36360
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    Abbeville Commercial Property on Hwy 10
    $110,000
    2,400 SF

    Abbeville Commercial Property on Hwy 10

    1.78-acre commercial property with 2,400 sq. ft. metal shop.

    245 Washington St, Abbeville, AL 36310
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    Residential Land in Geneva, AL
    Contact for pricing
    0.12 Acres

    Residential Land in Geneva, AL

    Residential lot in Geneva, AL with city utilities access.

    311 Campbell Ave, Geneva, AL 36340
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    Residential Land in Saint Regis
    $36,000

    Residential Land in Saint Regis

    Residential lots in gated Saint Regis Subdivision, Dothan, Alabama.

    387 Grand Hbr Cir, Dothan, AL 36303
    View details
    Waterfront Land on Lake Eufaula
    $95,000
    0.60 Acres

    Waterfront Land on Lake Eufaula

    Residential land with sandy beach and lake views.

    914 Lakeshore Dr, Abbeville, AL 36310
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    Headland Commercial Land Opportunity
    $100,000
    1.16 Acres

    Headland Commercial Land Opportunity

    Cleared corner lots in downtown Headland, Alabama, for development.

    13 Broad St, Headland, AL 36345
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    Spacious Land in Rehobeth District
    $550,000
    71.73 Acres

    Spacious Land in Rehobeth District

    71.73 acres in Dothan, ideal for building or development.

    71.73 Acres County Rd 203, Dothan, AL 36301
    View details
    Slocomb, AL Residential Land
    $99,000
    15.00 Acres

    Slocomb, AL Residential Land

    15 acres of prime land suitable for residential or agricultural.

    New Hinson Rd, Slocomb, AL 36375
    View details
    Residential Land in Cowarts, AL
    Contact for pricing
    0.48 Acres

    Residential Land in Cowarts, AL

    Residential lot with utilities and storage pads in place.

    101 Clairmont Dr, Cowarts, AL 36321
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    Residential Land in Slocomb, Alabama
    $62,500
    3.96 Acres

    Residential Land in Slocomb, Alabama

    3.96 acre residential lot perfect for building your dream home.

    2 County Road 92, Slocomb, AL 36375
    View details
    Prime Commercial Land Near Casino
    Contact for pricing

    Prime Commercial Land Near Casino

    62.6-acre commercial land near Wind Creek Casino, Atmore, Alabama.

    4577 Al-21, Atmore, AL 36502
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    Daleville Shopping Center Investment Gem
    Contact for pricing
    20,189 SF

    Daleville Shopping Center Investment Gem

    Vibrant shopping center with long-term tenants and income potential.

    480 N Daleville Ave, Daleville, AL 36322
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    Downtown Eufaula Office Space Available
    Contact for pricing

    Downtown Eufaula Office Space Available

    Office building in historic downtown Eufaula with multiple possibilities.

    226 East Broad St, Eufaula, AL 36027
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    Coastal Homesite with Beach Access
    $164,500

    Coastal Homesite with Beach Access

    Homesite near St. Joseph Bay with deeded beach access.

    11 Waters Edge Dr, Port St Joe, FL 32456
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    Dothan Double Drive-Thru Retail
    $1,100,000
    2,195 SF

    Dothan Double Drive-Thru Retail

    Retail property with two drive-thrus in a prime location.

    5167 Flowers Chapel Rd, Dothan, AL 36305
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    Dothan Double-Drive Thru Retail
    $900,000
    1,570 SF

    Dothan Double-Drive Thru Retail

    Retail property with double drive-thrus near Southeast Health.

    301 Haven Dr, Dothan, AL 36301
    View details
    Historic Mixed-Use Portfolio in Troy
    $1,400,000

    Historic Mixed-Use Portfolio in Troy

    Renovated mixed-use buildings in downtown Troy, Alabama.

    76 North Court Sq, Troy, AL 36081
    View details
    21.3 Acres in Salem, Alabama
    $249,900

    21.3 Acres in Salem, Alabama

    Unrestricted land suitable for residential or investment development.

    021 Lee Road 140, Salem, AL 36874
    View details
    Eclectic Agricultural Land For Sale
    $129,900

    Eclectic Agricultural Land For Sale

    12.66 acres of unrestricted land suitable for homesite or agriculture.

    465 N Ann St, Eclectic, AL 36024
    View details

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    Keller Williams Realty Southeast Alabama
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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
    Keller Williams Realty Southeast Alabama
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