Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Dothan, AL Title is generated by Realmo AI

    Willie Varnum Dr, Dothan, AL 36301

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Willie Varnum Dr, Dothan, AL
    For Sale
    Contact for pricing

    LAND - Dothan, AL

    Lot size:
    0.60 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    141
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for Willie Varnum Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    16 05 21 0 001 047.000
    Lot size
    0.60 Acres

    Utilities

    Water source
    Public
    Water front features
    Waterfront

    We can help!

    Listing Contact
    Dwayne Bowman

    Listing agent Dwayne Bowman

    Listing office Weichert Realtors JBR Legacy Group 3201 Montgomery Highway Suite 10, Dothan, AL

    Listing date Jan 15, 2026

    MLS# 207488 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

    • Ready‑to‑build lot.
    • Waterfront property.
    • Stick‑built homes and barndominiums allowed.
    • Minimum 1600sf home size.
    • Public water source available.
    • One home per parcel.

    Overview

    This 0.6-acre residential lot is located in Dothan, Alabama. The property is zoned for residential use and suitable for building. Stick-built homes and barndominiums are permitted, provided they resemble traditional homes. A minimum living area of 1,600 square feet is required for any construction. Mobile homes and commercial businesses are not allowed. Only one home is permitted per parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.3458522
    Latitude
    31.1562661

    Nearby Similar for Sale

    • $899,000
      12,000 SF

      Versatile Warehouse Facility in Dothan

      12,000 sq ft warehouse with income potential.
      445 Hostdale, Dothan, AL 36303
      View Details
    • $199,500
      3,000 SF

      Dothan Commercial Corner Lot

      Two buildings on a 0.32-acre lot in Dothan, AL.
      758 W Main St, Dothan, AL 36301
      View Details
    • $745,000
      20,000 SF

      Dothan Commercial Building For Sale

      Over 20,000 SF commercial building in downtown Dothan.
      210 W Washington St, Dothan, AL 36301
      View Details
    • $2,598,000
      7,875 SF

      Dothan Commercial Property For Sale

      Highly visible commercial property with potential for various business uses.
      1708 Westgate Parkway, Dothan, AL 36303
      View Details
    • $699,900
      26,850 SF

      Dothan Commercial Property For Sale

      Warehouse, shop, storage, and office space with dual access.
      108 E Southport Street, Dothan, AL 36301
      View Details
    • $369,000

      Multi-Building Industrial Property

      Three warehouse and office buildings on 1.07 acres, with multiple roll-up doors and flexible use under L-I zoning.
      824 S Foster St, Dothan, AL 36301
      View Details
    • $1,500,000
      9,928 SF

      Turnkey 8-Home Single-Family Portfolio

      Eight tenant-occupied homes on separate parcels offer stabilized income and flexible future resale or refinancing options.
      2300 Middleton Road, Dothan, AL 36301
      View Details
    • $1,895,000
      4,500 SF

      Dothan Commercial Building on 4.21 Acres

      Commercial building on 4.21 acres with numerous possibilities.
      1380 E Cottonwood Rd, Dothan, AL 36301
      View Details
    • $799,900

      Dothan Commercial Property For Sale

      Heated and cooled office and warehouse space with loading dock.
      3665 Westgate Parkway, Dothan, AL 36303
      View Details
    • $1,700,000

      Dothan Commercial Property For Sale

      Former Popshelf location near Wiregrass Commons Mall.
      200 Buyers Drive, Dothan, AL 36303
      View Details
    • $200,000
      2,200 SF

      Duplex with Front Office

      Income-generating duplex with two apartments plus a front office space for combined live-work use.
      912 S Oates St., Dothan, AL 36301
      View Details
    • $975,000
      6,250 SF

      Versatile Commercial Property on Highway

      6,250+ sqft commercial space on high-traffic Hwy 231 S.
      7159 S Hwy 231, Dothan, AL 36301
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available for stick-built homes or barndominiums.
    Where is this residential land & home lot located?
    The property is located at Willie Varnum Dr Dothan, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Ready‑to‑build lot.; **Waterfront property.**; Stick‑built homes and barndominiums allowed.
    (334) 796-4903
    We can help!
    Listing Contact
    Dwayne Bowman
    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
    Willie Varnum Dr, 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!