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    210 Washington St Dothan, AL 36301

    View on Map
    Sponsored
    For Sale
    $750,000

    Commercial Sale - Dothan, AL

    Property size:
    20,000 SF
    Lot size:
    0.41 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 27 at 12:50 pm

    Property Features for 210 Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0906242011024000
    Size
    20,000 SF
    Lot size
    0.41 Acres

    Building Details

    Year built
    1978
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Saliba
    Gary Saliba

    Coldwell Banker Alfred Saliba Realty

    Listing agent Gary Saliba

    Listing date Mar 27, 2026

    MLS# 212360 Listing URL

    Copyright © 2026 Southeast Alabama 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 Commercial Building For Sale

    Located in downtown Dothan, this commercial property features a metal building with over 20,000 square feet of space. The property includes 970 square feet of heated and cooled showroom/office/bathroom space. The building is equipped with three roll-up doors: one drive-in door measuring 10 feet wide by 14 feet high suitable for semi-trailers, and two doors with docks. One dock door is 14 feet wide by 12 feet tall, designed for box trucks. The other is 14 feet wide by 15 feet 6 inches tall, extending approximately 11 feet into the building and includes an adjustable forklift platform for 48-foot semi-trailers. The property has 3-phase 440-volt power with two 200 amp boxes, and a gas line is in place but not currently in use. The building has a 20-foot eave height and a 23-foot peak height. Inside, there are two half baths and a separate shower. The showroom area includes three offices, a storage room, and two half baths within the heated and cooled section. Floor-to-ceiling pallet racks, almost 300 feet long in total, are anchor bolted and attached to the steel building framing. Additional storage space is available above the showroom/office area. Large fans service the warehouse. A mini-split heating and cooling system serves as a backup to the central unit for the showroom/office area. The current zoning appears to be "Downtown Edge", which permits mixed-use buildings (retail/service on the ground floor, residential above), self-service mini-storage, and distribution centers. The property is situated on a 0.41-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Pharmacy Food Market Grocery & Convenience Store Cafe & Coffee Shop Grocery & Convenience Store

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

    Similar Places Nearby

    Mccall Investments Dba Village Storage, Bagby Elevator Co Inc

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.394069
    Latitude
    31.220939

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    FAQs

    What type of property is this?
    Warehouse - Over 20,000 SF metal building in downtown Dothan.
    Where is this warehouse located?
    The property is located at 210 Washington St Dothan, AL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Large 20,000+ SF metal building in downtown Dothan.; - Versatile space suitable for sale or lease at $8/SF negotiable.; - Includes 970 SF of heated and cooled showroom/office space with bathrooms.
    (334) 797-2608
    Request Owner's contact information
    210 Washington St Dothan, AL 36301
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    Dothan, AL 36301
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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
    210 Washington St Dothan, AL 36301
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    Gary Saliba
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