Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2431 Main St Dothan, AL 36301

    View on Map
    Sponsored
    For Sale
    Pending
    $379,990

    Commercial Sale - Dothan, AL

    Days on Market:
    5
    Last Refresh:
    Mar 6 at 3:06 am

    Property Features for 2431 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    0905221004005012

    Building Details

    Year built
    1986
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Ashley Contin
    Ashley Contin

    Lan Darty Real Estate & Development (334) 699-2300

    Listing agent Ashley Contin (334) 699-2300

    Listing date Mar 2, 2026

    MLS# 203301 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 Office Space For Sale

    This commercial property is located in the popular and convenient Westwood Business Park in Dothan, Alabama. The spacious unit offers a versatile layout suitable for a variety of professional uses. The property is situated minutes from downtown and close to major amenities. Its location provides convenient access to major roadways, restaurants, shopping, and medical centers. Ample parking is available for staff and clients. The property presents an opportunity to secure property in one of the city's most desirable commercial zones.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advanced Dental Care ... Dental Office Dothan Pediatric Dentistry Dental Office Dr. Kenneth T. ... Dental Office Crowder Kristen F ... Dental Office Moulthrop & Parker Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.425228432497
    Latitude
    31.227071034036

    Nearby Similar for Sale

    • $779,900
      26,850 SF

      Dothan Commercial Property For Sale

      Warehouse, shop, storage, and office space with recent updates.
      108 Southport St, Dothan, AL 36301
      View Details
    • $949,000
      7,476 SF

      Dothan Commercial Property on Ross Clark

      Commercial property on 1.28 acres with high traffic exposure.
      2221 Ross Clark Cir, Dothan, AL 36301
      View Details
    • $899,000
      12,000 SF

      Dothan Warehouse with Income Potential

      12,000 sq ft warehouse with eight finished units.
      445 Hostdale Dr, Dothan, AL 36303
      View Details
    • New
      $2,798,000
      7,875 SF

      Dothan Commercial Property For Sale

      Highly visible commercial property with drive-through and ample parking.
      1708 Westgate Pkwy, Dothan, AL 36303
      View Details
    • $199,900
      5,000 SF

      Versatile Mixed-Use Property in Dothan

      Adaptable mixed-use property with residence, commercial space, or live-work potential.
      104 Herring St, Dothan, AL 36303
      View Details
    • $399,900
      0.41 Acres

      Dothan Commercial Property For Sale

      Commercial property in Dothan, AL, suitable for various business uses.
      2321 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $420,000
      0.60 Acres

      Dothan Commercial Property For Sale

      Former auto parts store near Dothan Prep Academy.
      1024 Oates St, Dothan, AL 36301
      View Details
    • $550,000
      0.56 Acres

      Dothan Commercial Property with Updates

      Updated commercial property with potential for dual income streams.
      1023 Oates St, Dothan, AL 36301
      View Details
    • $500,000
      0.49 Acres

      Commercial Property in Dothan, Alabama

      Older commercial building adjoining railroad property for sale in Dothan.
      228 Main, Dothan, AL 36301
      View Details
    • $172,500
      0.24 Acres

      Remodeled Office Building Near SE Health

      Recently updated office building with accessibility features and ample parking.
      1003 Haven Dr, Dothan, AL 36301
      View Details
    • $650,000
      2.16 Acres

      Dothan Commercial Property For Sale

      Commercial property for sale in Dothan, Alabama.
      2170 Brannon Stand Rd, Dothan, AL 36305
      View Details
    • $235,000
      0.35 Acres

      Commercial Building on Hartford Highway

      Commercial building with four offices, updated in 2021.
      3095 Hartford Hwy, Dothan, AL 36301
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in a convenient, highly sought-after Dothan location.
    Where is this office units located?
    The property is located at 2431 Main St Dothan, AL.
    What is the asking price?
    The asking price for this property is $379,990.
    What are key features of this property?
    This property features: - Highly sought-after location in Westwood Business Park.; - Conveniently located minutes from downtown and close to major amenities.; - Versatile layout suitable for a variety of professional uses.
    (334) 221-8239
    Request Owner's contact information
    2431 Main St Dothan, AL 36301
    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.
    2431 Main St
    Dothan, AL 36301
    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
    2431 Main St Dothan, AL 36301
    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
    Ashley Contin
    Ashley Contin
    (334) 221-8239 (334) 699-2300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!