Flexible Medical Office
For Sale
$270,000
110 W Burdeshaw Street, Dothan, AL 36303
Commercial Sale, Dothan, AL
Property Size1,476 SF
Price / SF$182.93
Days on Market104
Property Features for 110 W Burdeshaw Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
7 NW-Inside Circle
Standard status
Active
APN
09-06-13-3-019-003.001
Building Details
Year built
1973
Floors in Building
1
Listing Agency:
Keller Williams Southeast Alabama · Keller Williams Realty
(334) 702-3595
Listed By:
Megan Rhodes · License #115210
(334) 714-2318
Added: May 20
Changed: Aug 19
Last Checked: Aug 31 at 9:06AM
MLS# 213154
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 medical office property contains 1,476 square feet within a flexible building layout. Its documented prior use as a chiropractic office provides an established healthcare-office context, while the configuration is suited to a variety of professional office applications. The building was constructed in 1973.
Located at 110 W Burdeshaw Street in downtown Dothan, the property is positioned within walking distance of major attractions, dining, and surrounding businesses. The central setting places professional office space within an active downtown environment.
Located at 110 W Burdeshaw Street in downtown Dothan, the property is positioned within walking distance of major attractions, dining, and surrounding businesses. The central setting places professional office space within an active downtown environment.
Key Highlights
- 1,476‑square‑foot medical office property
- Flexible layout suited to professional office uses
- Previously occupied by a chiropractic office
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
$18,262
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
6.76%
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%
$365,240
$365.2K
Cap Rate 7%
$260,886
$260.9K
Cap Rate 9%
$202,911
$202.9K
Market Conditions
NOI Build-Up for 1,476 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
$34.0K $23.04/SF
− Vacancy
−$3.6K −$2.42/SF
EGI
$30.4K $20.62/SF
− OpEx
−$12.2K −$8.25/SF
NOI
$18.3K $12.37/SF
Area
Houston County, AL
Vacancy
10.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
40.00%
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%
$365,240
Cap Rate 7%
$260,886
Cap Rate 9%
$202,911
Alternative Uses
Best Use
Healthcare Medical
$260.9K
$228.3K – $304.4K
NOI $18,262 @ 7.0% cap · market cap 6.76%
Second Best
Office B
$162.4K
$142.1K – $189.5K
NOI $11,368 @ 7.0% cap · market cap 4.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36303, AL
31,080
Population
14,622
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
58.9 sq mi
ZIP Area
528
Density / Sq Mi
$53,006
Median Household Income
$34,504
Median Earnings
$855
Median Rent
$175,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Downtown setting with an adaptable layout for professional practice and office use.
Where is this medical office space located?
The property is located at 110 W Burdeshaw Street Dothan, AL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,476‑square‑foot medical office property; Flexible layout suited to professional office uses; Previously occupied by a chiropractic office
