Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2 J Saunders Rd, Unit ACRES Dothan, AL 36305

    Sponsored
    Picture of Land at J Saunders Rd 2, Dothan, AL
    For Sale
    Pending
    $131,500

    Residential Land - Dothan, AL

    Type:Single Family Residence
    Lot size:
    10.50 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 20 at 3:06 am

    Property Features for 2 J Saunders Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Pending
    Zoning
    R-1
    APN
    1402030000012003
    Lot size
    10.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carrollann Losh

    Keller Williams Realty Southeast Alabama (334) 714-9046 timothy/[email protected]

    Listing agent Carrollann Losh (334) 702-3595

    Listing date Dec 29, 2025

    MLS# 206219 Listing URL

    Copyright © 2026 Dothan Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Dothan Residential Land Opportunity

    This 10.5-acre lot in Dothan presents an opportunity to build a dream home. The property combines a country setting with proximity to the west side of Dothan. Deed restrictions include a maximum of two dwellings per parcel, with one dwelling meeting a minimum of 2,200 square feet and a second dwelling not exceeding 1,200 square feet. If two dwellings are built, the exterior of each must match. Any dwelling built must be a site-built home (wood or steel frame) with the front of the home containing at least 25% masonry product (brick or stone). A 500 feet minimum setback is required. Mobile homes are not permitted, and the land cannot be subdivided. Commercial chicken houses and hog farms are prohibited. The property is approximately 5 miles from Smokey Joes Restaurant, Bean Bro Coffee, Sweetly Southern Bakery, and Highland Nails Salon, and about 9 miles from Publix, restaurants, shopping, and Flowers Hospital. It is located in the Slocomb school district, approximately 8 miles from Slocomb, AL, 12 miles from Target and Walmart Super Center, 14 miles from Southeast Health Medical Center, 23 miles from Enterprise, AL & Fort Rucker, AL, and 77 miles from Panama City Beach, FL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.5235274
    Latitude
    31.1627217

    Nearby Similar for Sale

    • $1,895,000
      4.20 Acres

      Dothan Commercial Building on 4.21 Acres

      Commercial building with drive-thru, offices, and ample parking.
      1380 Cottonwood Rd, Dothan, AL 36301
      View Details
    • $1,950,000
      4,489 SF

      Dothan Commercial Building on 4.21 Acres

      Commercial building with drive-thru, offices, and ample parking.
      1380 Cottonwood Rd, Dothan, AL 36301
      View Details
    • $999,000
      1.28 Acres

      Dothan Commercial Property on Ross Clark

      Commercial property on 1.28 acre lot with high traffic exposure.
      2221 Ross Clark Cir, Dothan, AL 36301
      View Details
    • $2,798,000
      2.43 Acres

      Westgate Parkway Commercial Property

      Highly visible commercial property on 2.43 acres, formerly a restaurant.
      1708 Westgate Pkwy, Dothan, AL 36303
      View Details
    • $225,900
      0.40 Acres

      Dothan Commercial Space for Sale

      Affordable commercial space with flexible layout and recent updates.
      104 Herring St, Dothan, AL 36303
      View Details
    • $650,000
      2.02 Acres

      Dothan Commercial Property on Highway

      Over 2 acres with high traffic and redevelopment potential.
      3546 Reeves St, Dothan, AL 36303
      View Details
    • $349,900
      Pending

      Dothan Office Building For Sale

      Large office building in a prime Dothan location.
      707 Main, Dothan, AL 36301
      View Details
    • $975,000
      4.00 Acres

      Dothan Commercial Property on Hwy 231

      Versatile commercial space on high-traffic Hwy 231 S in Dothan.
      7159 Hwy 231, Dothan, AL 36301
      View Details
    • $599,900
      Pending

      Turnkey Daycare Facility For Sale

      6,634 sq ft daycare with equipment on 0.59 acres.
      1310 Hodgesville Rd, Dothan, AL 36301
      View Details
    • $249,900
      0.29 Acres

      Dothan Commercial Building For Sale

      6000 sq ft commercial building in central Dothan, Alabama.
      811 West Main St, Dothan, AL 36301
      View Details
    • $424,900
      0.40 Acres

      Dothan Commercial Property For Sale

      Income-producing commercial property in a convenient, high-traffic Dothan location.
      2434 Fortner St, Dothan, AL 36301
      View Details
    • $1,599,900
      2.00 Acres

      Retail Opportunity in Rehobeth Community

      High-exposure retail opportunity on a visible corner in Dothan, AL.
      6270 State Highway 605, Dothan, AL 36301
      View Details

    FAQs

    What type of property is this?
    Land - 10.5 acre residential lot in Dothan, Alabama.
    Where is this land located?
    The property is located at 2 J Saunders Rd, Unit ACRES Dothan, AL.
    What is the asking price?
    The asking price for this property is $131,500.
    What are key features of this property?
    This property features: - Build your dream home on this large 10.5 acre lot.; - Enjoy the country setting with close proximity to Dothan's west side amenities.; - Option to build a second dwelling, perfect for a mother-in-law suite or pool house.
    (334) 648-5903
    Request Owner's contact information
    2 J Saunders Rd, Unit ACRES Dothan, AL 36305
    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.
    2 J Saunders Rd, Unit ACRES
    Dothan, AL 36305
    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
    2 J Saunders Rd, Unit ACRES Dothan, AL 36305
    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

    We can help!
    Listing Contact
    Carrollann Losh
    (334) 648-5903
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.