Warehouse Flex Building with Office
445 Hostdale Dothan, AL 36303
445 Hostdale, Dothan, AL, 36303
$849,000
For Sale
$849,000
COMMERCIAL - Dothan, AL
Property Size12,000 SF
Lot Size0.73 Acres
Price / SF$70.75
Days on Market148
Property Features for 445 Hostdale
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0408330000001031
- Lot size
- 0.73 Acres
Building Details
- Year built
- 2024
- Floors in Building
- 1
Listing Agency
EXP Realty LLC
(888) 923-5547
100 Chase Park So. Suite 128, Birmingham, AL
Listed by
Cathy Cole
(334) 701-1592
Added: Feb 19 Checked: Jul 17 at 9:06 am
MLS# 209961
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.
This warehouse flex property is configured with eight finished units and includes private office space, a bathroom, and a 10x12 roll-up door for each unit. The building footprint is described as 40 by 300. One double unit is currently in place, and the seller notes that it is either available as a double configuration or can be converted into two single units by adding a wall. In addition, an unfinished 40 by 108 section is available with the slab partially poured.
The property is for sale in Dothan, Alabama on a 0.73-acre lot. The listing describes a setup that supports scaling the overall unit count to a total of 12 units. According to the current status, five units are leased, including three single units and one double unit.
For tenants and buyers seeking flexible warehouse and light office space, the individual unit layout provides direct warehouse access through roll-up doors alongside dedicated offices and bathrooms. For an owner-operator, the unfinished portion could support phased expansion, while the current unit configurations and described ability to reconfigure from a double to two singles may help accommodate a range of business storage and workspace needs.
The property is for sale in Dothan, Alabama on a 0.73-acre lot. The listing describes a setup that supports scaling the overall unit count to a total of 12 units. According to the current status, five units are leased, including three single units and one double unit.
For tenants and buyers seeking flexible warehouse and light office space, the individual unit layout provides direct warehouse access through roll-up doors alongside dedicated offices and bathrooms. For an owner-operator, the unfinished portion could support phased expansion, while the current unit configurations and described ability to reconfigure from a double to two singles may help accommodate a range of business storage and workspace needs.
Key Highlights
- Strong income potential with existing cash flow from leased units.
- 12,000 sq ft warehouse facility with flexible unit configurations (currently 8 finished units, expandable to 12).
- Each unit includes a private office, bathroom, and 10x12 roll‑up door.
Local Financial Insights For Flex RnD
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 | $119.5k | $9.96 |
| − Vacancy | −$14.3k | −$1.20 |
| EGI | $105.2k | $8.76 |
| − OpEx | −$36.8k | −$3.07 |
| NOI | $68.4k | $5.70 |
12,000 SF · lease $9.96/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$976.6K
$854.6K – $1.14M
NOI $68,365 @ 7.0% cap · market cap 8.05%
Second Best
Warehouse
$856.5K
$749.5K – $999.3K
NOI $59,956 @ 7.0% cap · market cap 7.06%
Theoretical Best
Healthcare Medical
$2.12M
$1.86M – $2.47M
NOI $148,470 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Warehouse facility with multiple finished office units and roll-up doors, plus unfinished expansion space.
Where is this warehouse located?
The property is located at 445 Hostdale Dothan, AL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Strong income potential with existing cash flow from leased units.; **12,000 sq ft warehouse facility with flexible unit configurations (currently 8 finished units, expandable to 12).**; Each unit includes a private office, bathroom, and 10x12 roll‑up door.
