Two-Building Storefront
For Sale
$199,500
758 W Main St, Dothan, AL 36301
COMMERCIAL - Dothan, AL
Property Size3,000 SF
Lot Size0.32 Acres
Price / SF$66.50
Days on Market108
Property Features for 758 W Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
7 NW-Inside Circle
Standard status
Active
APN
0906231001023000
Lot size
0.32 Acres
Building Details
Year built
1911
Floors in Building
1
Listing Agency:
NAI TALCOR
(334) 360-2191
Listed By:
Kenny Whatley · License ##000058211-0
(334) 596-7890
Added: May 14
Changed: Aug 4
Last Checked: Aug 29 at 5:06PM
MLS# 213088
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 two-building commercial property occupies a 0.32-acre corner parcel in Dothan. The 1,000-square-foot retail building at 758 W. Main St. is leased to Alabama Title Loans, with the current term ending May 31, 2026, and one renewal option extending through May 31, 2031. The second improvement, a 2,000-square-foot metal building at 102 Montana St., houses a car wash and barber shop under a month-to-month lease.
The property sits at the northeast corner of W. Main Street and Montana Street, with access and visibility supported by 26,518 vehicles per day on W. Main St. in 2024 AADT. It is positioned between the Shell Station and Houston County Career Academy, across from Jack's, and near Porter Square Mall. Downtown-area destinations and projects nearby include City Hall, Porter Park Events Plaza, the Wiregrass Innovation Center, and the Opera House. The buildings date to 1911.
The property sits at the northeast corner of W. Main Street and Montana Street, with access and visibility supported by 26,518 vehicles per day on W. Main St. in 2024 AADT. It is positioned between the Shell Station and Houston County Career Academy, across from Jack's, and near Porter Square Mall. Downtown-area destinations and projects nearby include City Hall, Porter Park Events Plaza, the Wiregrass Innovation Center, and the Opera House. The buildings date to 1911.
Key Highlights
- 0.32‑acre parcel at the northeast corner of W. Main Street and Montana Street
- 1,000 SF retail building at 758 W. Main St. leased to Alabama Title Loans
- 2,000 SF metal building at 102 Montana St. used for a car wash and barber shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,781
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$235,620
$235.6K
Cap Rate 7%
$168,300
$168.3K
Cap Rate 9%
$130,900
$130.9K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$18.0K $6.00/SF
− Vacancy
−$1.2K −$0.39/SF
EGI
$16.8K $5.61/SF
− OpEx
−$5.0K −$1.68/SF
NOI
$11.8K $3.93/SF
Area
Houston County, AL
Vacancy
6.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$235,620
Cap Rate 7%
$168,300
Cap Rate 9%
$130,900
Alternative Uses
Best Use
Specialty Retail
$448.4K
$392.4K – $523.1K
NOI $31,388 @ 7.0% cap · market cap 15.73%
Second Best
Retail
$298.7K
$261.4K – $348.5K
NOI $20,912 @ 7.0% cap · market cap 10.48%
Theoretical Best
Healthcare Medical
$530.2K
$464.0K – $618.6K
NOI $37,117 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,518 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
43k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 21%
Apparel 11%
Home Improvements & Furnishings 1%
McDonald's
Dining
19,329 visits/mo
0.2 miles
Jack's Family Restaurants
Dining
9,608 visits/mo
0.1 miles
Shell
Shops & Services
4,809 visits/mo
0.1 miles
Citi Trends
Apparel
4,548 visits/mo
0.1 miles
Dollar General
Shops & Services
4,366 visits/mo
0.1 miles
Demographics for 36301, AL
38,447
Population
17,872
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
89.2 sq mi
ZIP Area
431
Density / Sq Mi
$49,124
Median Household Income
$35,333
Median Earnings
$886
Median Rent
$156,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two leased buildings occupy a visible corner parcel with retail and automotive-related operations.
Where is this storefront property located?
The property is located at 758 W Main St Dothan, AL.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: 0.32‑acre parcel at the northeast corner of W. Main Street and Montana Street; 1,000 SF retail building at 758 W. Main St. leased to Alabama Title Loans; 2,000 SF metal building at 102 Montana St. used for a car wash and barber shop
