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Prime Location Storage Facility

1924 1950 & 1970 Reeves Street Dothan, AL 36303

1924 1950 & 1970 Reeves Street, Dothan, AL, 36303

$3,380,000

For Sale

$3,380,000

67,600 SF storage facility with expansion potential.

Property Size67,600 SF

Price / SF$50

AddedNov 21, 2025

Days on Market236

Last RefreshMay 9 at 1:10 am

Property Features for 1924 1950 & 1970 Reeves Street

General Information

Standard status: Active
Size: 67,600 SF
Property subtype: Retail

Listing office TALCOR ALABAMA, LLC dba NAI Whatley

Listing date Nov 21, 2025

Source Naiglobal

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 TALCOR ALABAMA, LLC dba NAI Whatley

Investment Insights

Based on property information with market context.

This property, suitable for mini storage, features 67,600 square feet of heated and cooled space, with the potential for conversion to a climate-controlled facility. Current buildings can be expanded to a total of 77,300 square feet of heated and cooled space. The layout allows for an additional 60,000 square feet of climate-controlled storage. Numerous spaces are available for dry storage. Situated on 7 acres, most of which is paved, the property offers level, paved parking with adequate space for additional storage. It benefits from a prominent location on U.S. 431, a short distance from Ross Clark Circle, providing excellent visibility and easy access. The area has a high daytime workforce.

Key Highlights

67,600 sq ft of heated and cooled space, perfect for climate‑controlled storage conversion.
Potential expansion to 77,300 sq ft of heated and cooled space.
Layout available for an additional 60,000 sq ft of climate‑controlled storage.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$405.6k	$6.00
− Vacancy	−$26.4k	−$0.39
EGI	$379.2k	$5.61
− OpEx	−$113.8k	−$1.68
NOI	$265.5k	$3.93

67,600 SF · lease $6.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Self Storage

$8.21M

$7.18M – $9.58M (±1% cap)

NOI $574,654 @ 7.0% cap · market cap 17.00%

Second Best

Industrial

$3.79M

$3.32M – $4.42M (±1% cap)

NOI $265,465 @ 7.0% cap · market cap 7.85%

Theoretical Best

Healthcare Medical

$11.95M

$10.45M – $13.94M (±1% cap)

NOI $836,380 @ 7.0% cap · market cap 24.74%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mattress By Appointment Furniture & Home Goods MeMe K's Mini ... Discount Store Gaines Photo Services Photography Service Smartrent USA Rental Health and Healing Alternative Medicine Practice

Suggested Use

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For sale
Self storage facilities
AL
Dothan
36303
1924 1950 & 1970 Reeves Street

What type of property is this?

Self storage facility - 67,600 SF storage facility with expansion potential.

Where is this self storage facility located?

The property is located at 1924 1950 & 1970 Reeves Street Dothan, AL.

What is the asking price?

The asking price for this property is $3,380,000.

What are key features of this property?

This property features: 67,600 sq ft of heated and cooled space, perfect for climate‑controlled storage conversion.; Potential expansion to 77,300 sq ft of heated and cooled space.; Layout available for an additional 60,000 sq ft of climate‑controlled storage.