Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Dothan Commercial Property on Ross Clark Title is generated by Realmo AI

    2221 Ross Clark Circle, Dothan, AL 36301

    View on Map
    Claim this Listing
    For Sale
    $899,900

    Commercial Sale - Dothan, AL

    Property size:
    7,476 SF
    Lot size:
    1.28 Acres
    Price / SF:
    $120/SF
    Added:
    Mar 27, 2026
    Days on Market:
    50
    Last Refresh:
    May 15 at 7:06 pm

    Property Features for 2221 Ross Clark Circle

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    09073540000016000
    Size
    7,476 SF
    Lot size
    1.28 Acres

    Building Details

    Year built
    1975
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Donny Gillilan

    Listing agent Donny Gillilan

    Listing office Gillilan Properties 248 N Foster Street, Dothan, AL

    Listing date Mar 27, 2026

    MLS# 202919 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.

    HighLights

    • High‑traffic commercial location on Ross Clark Circle
    • Large 1.28‑acre lot
    • 7476 sq ft building with offices and warehouse
    • Fenced rear yard and loading docks
    • 3 executive offices and 2 conference rooms
    • 4 entrances and interior loading dock access

    Overview

    This commercial property is located on the southwest side of Ross Clark Circle in Dothan, Alabama, situated on a 1.28-acre lot. The 7,476 square foot building includes offices, a warehouse, and a reception area. It features a fenced rear yard and loading docks. The interior layout comprises 3 executive-style offices, 2 conference rooms, a break area, and 3 half baths. The property also offers interior loading dock access and 4 entrances. This location benefits from high traffic counts and offers income-producing potential.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $639.8K
    NOI $57,578 @ 9.00% cap · cautious / downside scenario
    Moderate
    $822.5K
    NOI $57,578 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.15M
    NOI $57,578 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $94.2k $12.60
    − Vacancy −$17.4k −$2.33
    EGI $76.8k $10.27
    − OpEx −$19.2k −$2.57
    NOI $57.6k $7.70
    7,476 SF · lease $12.60/SF/yr · vacancy 18.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $822.5K
    $719.7K – $959.6K (±1% cap)
    NOI $57,578 @ 7.0% cap · market cap 6.40%
    Second Best
    Warehouse
    $533.6K
    $466.9K – $622.6K (±1% cap)
    NOI $37,353 @ 7.0% cap · market cap 4.15%
    Theoretical Best
    Healthcare Medical
    $1.32M
    $1.16M – $1.54M (±1% cap)
    NOI $92,497 @ 7.0% cap · market cap 10.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WDFX Television Studio

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • American Self Storage — 1405 Ross Clark Cir, Dothan, AL 36301

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.404611
    Latitude
    31.191006

    Nearby Similar for Sale

    • $699,900
      26,850 SF

      Dothan Commercial Property For Sale

      Warehouse, shop, storage, and office space with dual access.
      108 Southport Street, Dothan, AL 36301
      View Details
    • $745,000

      Dothan Commercial Building For Sale

      Over 20,000 SF commercial building in downtown Dothan, AL.
      210 Washington St, Dothan, AL 36301
      View Details
    • $899,000

      Dothan Warehouse with Income Potential

      12,000 sq ft warehouse with eight finished units.
      445 Hostdale, Dothan, AL 36303
      View Details
    • $360,000
      4,076 SF

      Retail Storefront in Dothan, AL

      Retail property with open area, office, and parking.
      2027 Reeves, Dothan, AL 36303
      View Details
    • $529,000

      Dothan Commercial Kitchen Opportunity

      7202 SF commercial space with kitchen equipment in Dothan.
      2484 Redmond Road, Dothan, AL 36303
      View Details
    • $1,100,000

      Dothan Commercial Property For Sale

      Commercial property in Dothan, Alabama with tenant and vacant space.
      1768 Industrial Road, Dothan, AL 36303
      View Details
    • $2,598,000

      Dothan Commercial Property For Sale

      Highly visible commercial property with potential for various business uses.
      1708 Westgate Parkway, Dothan, AL 36303
      View Details
    • $399,900

      Dothan Commercial Property For Sale

      Commercial property in Dothan, AL, suitable for various business uses.
      2321 Montgomery Highway, Dothan, AL 36303
      View Details
    • $1,700,000

      Former Popshelf Near Wiregrass Mall

      Commercial property near Wiregrass Commons Mall in Dothan, Alabama.
      200 Buyers Drive, Dothan, AL 36303
      View Details
    • $849,900

      Commercial Building with Living Quarters

      Salon building with upstairs living quarters on Ross Clark Circle.
      3771 Ross Clark Circle, Dothan, AL 36303
      View Details
    • $420,000

      Dothan Commercial Property For Sale

      Former auto parts store near Dothan Prep Academy.
      1024 Oates, Dothan, AL 36301
      View Details
    • $199,900

      Versatile Mixed-Use Property in Dothan

      Adaptable mixed-use property with residence, commercial space, or live-work potential.
      104 Herring Street, Dothan, AL 36303
      View Details

    FAQs

    What type of property is this?
    Warehouse - Commercial property on 1.28 acre lot with high traffic exposure.
    Where is this warehouse located?
    The property is located at 2221 Ross Clark Circle Dothan, AL.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: High‑traffic commercial location on Ross Clark Circle; Large 1.28‑acre lot; 7476 sq ft building with offices and warehouse
    (334) 333-7577
    We can help!
    Listing Contact
    Donny Gillilan
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2221 Ross Clark Circle, Dothan, AL 36301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!