Building Details

Year built 1967

Floors in Building 1

Listing Agency: JW Grant Realty j***@cs.com Show Phone

Listed By: Mary Alice Tyson Show Phone

Added: Oct 20 Last Checked: Oct 22 at 1:06AM

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MLS# 215267

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.

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Investment Insights

Based on property information with market context.

This freestanding commercial building was constructed in 1967 and contains approximately 3,252 square feet on a 0.5-acre parcel. The property previously operated as a Wells Fargo bank and includes a drive-through ATM facility. The ATM remains operational under an existing lease, with ongoing monthly income transferring to the new owner.

Positioned on a corner, the building is identified as suitable for office, retail, professional, or other commercial use.

Key Highlights

• Operating drive‑through ATM with an existing lease and ongoing monthly income
• Approximately 3,252 square feet on a 0.5‑acre parcel
• Freestanding building at a corner location

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,669

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$453,380 $453.4K

Cap Rate 7%

$323,843 $323.8K

Cap Rate 9%

$251,878 $251.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,252 SF

Gross rent

$35.9K $11.04/SF

− Vacancy

−$3.5K −$1.08/SF

EGI

$32.4K $9.96/SF

− OpEx

−$9.7K −$2.99/SF

NOI

$22.7K $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%

$453,380

Cap Rate 7%

$323,843

Cap Rate 9%

$251,878

Alternative Uses

Best Use

Specialty Retail

$486.1K

$425.3K – $567.1K (±1% cap)

NOI $34,024 @ 7.0% cap · market cap 13.61%

Second Best

Retail

$323.8K

$283.4K – $377.8K (±1% cap)

NOI $22,669 @ 7.0% cap · market cap 9.07%

Theoretical Best

Healthcare Medical

$574.8K

$502.9K – $670.6K (±1% cap)

NOI $40,235 @ 7.0% cap · market cap 16.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Wells Fargo ATM Atm

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Parking Lot & Garage Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

308

Businesses Nearby

9k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 94% Home Improvements & Furnishings 6%

Family Dollar Shops & Services

4,843 visits/mo 0.1 miles

Advance Auto Parts Shops & Services

3,819 visits/mo 0.2 miles

Johnstone Supply Home Improvements & Furnishings

565 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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Bank - An operating ATM remains under lease and provides ongoing income to the owner.

Where is this bank located?

The property is located at 112 Cottonwood Rd Dothan, AL.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Operating drive‑through ATM with an existing lease and ongoing monthly income; Approximately 3,252 square feet on a 0.5‑acre parcel; Freestanding building at a corner location