403 Metropolitan Ct Dothan, AL 36303
COMMERCIAL - Dothan, AL
Property Features for 403 Metropolitan Ct
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- O-1
- Standard status
- Active
- APN
- 09-05-15-2-007-034.000
- Lot size
- 0.83 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
- Water front features
- Waterfront
Listing agent Kenny Whatley License #0000582110 (334) 596-7890
Listing office NAI TALCOR 107 Hidden Glen Way, Dothan, AL (334) 360-2191
Listing date Jul 9, 2026
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.
Investment Insights
Based on property information with market context.
Access is provided via Metropolitan Court, with frontage along Ross Clark Circle. The site is directly across Ross Clark Circle from a newly constructed Freddy’s Frozen Custard & Steakburgers, and the surrounding area includes established businesses such as Tropical Smoothie Cafe, Regions Bank, BankSouth, Ameris Bank, and Verizon. Traffic counts show approximately 27,801 vehicles per day (2025 AADT) on Ross Clark Cir, supporting strong visibility for passing motorists.
Key Highlights
- 0.83‑acre site with frontage along Ross Clark Circle and access via Metropolitan Court
- Zoned O‑I (Office‑Institutional) for general office use, with additional permitted commercial uses under the district
- Two vacant homes on‑site (approx. 1,110 SF and 1,066 SF), both constructed in 1950
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.4k | $12.60 |
| − Vacancy | −$5.1k | −$2.33 |
| EGI | $22.3k | $10.27 |
| − OpEx | −$5.6k | −$2.57 |
| NOI | $16.8k | $7.70 |
