Retail/Office Property with Multiple
New
For Sale
$550,000
106 Blissett Drive, Dothan, AL 36301
Four detached buildings can accommodate separate occupants or tenants using a full building.
Property Size6,000 SF
Price / SF$91.67
Days on Market2
Property Features for 106 Blissett Drive
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Occupancy
25%
Additional Details
Gross Income
$21,600
Building Details
Building Size
6,000 SF
Year Built
1978
Buildings
4
Tenancy
Multi
Listing Agency:
NAI TALCOR
Listed By:
Shannon Auty · License #AL #139611
(334) 406-1161
Source:
Naiglobal
Added: Oct 19
Last Checked: Oct 19 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI TALCOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Four freestanding retail and office buildings, each approximately 1,500 SF, provide up to eight rentable units. Three buildings are divided into two suites of approximately 750 SF apiece; the fourth is configured as a full-building space of approximately 1,500 SF. The property is currently 25% occupied, with two suites leased under modified gross terms. Seven of the eight units were occupied before the owner relocated. The buildings date to 1978, with siding replaced in 2021, roofs in 2022, and multiple HVAC systems replaced between 2021 and 2023.
The property sits just off Ross Clark Circle, which records 29,616 vehicles per day (2025 AADT). US Hwy 231 S and Prevatt Road are nearby. Publix at Cottonwood Corners Shopping Center is less than 1 mile away, and SE Health Medical Center is approximately 2.5 miles away.
The flexible suite and full-building configurations support a range of occupancy arrangements. Pro forma financials include a 12% cap rate at full occupancy.
The property sits just off Ross Clark Circle, which records 29,616 vehicles per day (2025 AADT). US Hwy 231 S and Prevatt Road are nearby. Publix at Cottonwood Corners Shopping Center is less than 1 mile away, and SE Health Medical Center is approximately 2.5 miles away.
The flexible suite and full-building configurations support a range of occupancy arrangements. Pro forma financials include a 12% cap rate at full occupancy.
Key Highlights
- Four freestanding buildings of ±1,500 SF each, with up to 8 rentable units
- Three buildings contain two ±750 SF suites apiece; the fourth offers a full‑building space of ±1,500 SF
- Currently 25% occupied; historically, 7 of 8 units were occupied before the owner relocated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,824
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,480
$836.5K
Cap Rate 7%
$597,486
$597.5K
Cap Rate 9%
$464,711
$464.7K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$66.2K $11.04/SF
− Vacancy
−$6.5K −$1.08/SF
EGI
$59.7K $9.96/SF
− OpEx
−$17.9K −$2.99/SF
NOI
$41.8K $6.97/SF
Area
Houston County, AL
Vacancy
9.80%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,480
Cap Rate 7%
$597,486
Cap Rate 9%
$464,711
Alternative Uses
Best Use
Mixed Use
$763.7K
$668.3K – $891.0K
NOI $53,460 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$597.5K
$522.8K – $697.1K
NOI $41,824 @ 7.0% cap · market cap 7.60%
Theoretical Best
Healthcare Medical
$1.06M
$927.9K – $1.24M
NOI $74,235 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
25%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 33%
Beauty & Spa 6%
Dollar General
Shops & Services
10,547 visits/mo
0.3 miles
Chevron
Shops & Services
7,498 visits/mo
0.1 miles
ARCO
Shops & Services
4,852 visits/mo
0.3 miles
KFC
Dining
4,720 visits/mo
0.1 miles
Pizza Hut
Dining
4,540 visits/mo
0.4 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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four detached buildings can accommodate separate occupants or tenants using a full building.
Where is this mixed-use property located?
The property is located at 106 Blissett Drive Dothan, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four freestanding buildings of ±1,500 SF each, with up to 8 rentable units; Three buildings contain two ±750 SF suites apiece; the fourth offers a full‑building space of ±1,500 SF; Currently 25% occupied; historically, 7 of 8 units were occupied before the owner relocated
