Restaurant Building with Commercial
2484 Redmond Road Dothan, AL 36303
For Sale
$579,000
Two-level restaurant building with commercial kitchen equipment, walk-in cooler, and multiple restrooms, sold as-is.
Property Size7,202 SF
Price / SF$80.39
Days on Market796
Property Features for 2484 Redmond Road
General Information
- Standard status
- Active
- Size
- 7,202 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1995
Listing Agency:
Lan Darty Real Estate & Development
(334) 699-2300
Listed By:
Joann Whiddon
(334) 699-2300
Source:
Xome
Added: May 21, 2024
Changed: Jul 23
Last Checked: Jul 25 at 3:03AM
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 Lan Darty Real Estate & Development
Investment Insights
Based on property information with market context.
This two-level restaurant building includes a bottom floor with seven large rooms, featuring a kitchen with some commercial equipment, a walk-in cooler, and a private bathroom. The main level also provides two public bathrooms. Upstairs offers one large room that could be rented separately. The property includes five total HVAC units.
Outside storage is available with one large freezer and one large refrigerator unit. The kitchen unit is approximately five years old. The building is being sold as-is, and the seller will consider a lease; call the agent for details.
The layout supports operation and separation of space between the main level and the upstairs room, with restroom access on the main floor and dedicated interior amenities included on the lower level.
Outside storage is available with one large freezer and one large refrigerator unit. The kitchen unit is approximately five years old. The building is being sold as-is, and the seller will consider a lease; call the agent for details.
The layout supports operation and separation of space between the main level and the upstairs room, with restroom access on the main floor and dedicated interior amenities included on the lower level.
Key Highlights
- Two‑level restaurant building with 7,202 SF in Dothan, AL
- Bottom floor has 7 large rooms including kitchen with commercial equipment, walk‑in cooler, and a private bathroom
- Main floor includes two public bathrooms; 3 guest facilities noted
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $6.00 |
| − Vacancy | −$2.8k | −$0.39 |
| EGI | $40.4k | $5.61 |
| − OpEx | −$12.1k | −$1.68 |
| NOI | $28.3k | $3.93 |
7,202 SF · lease $6.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,351 @ 7.0% cap · market cap 13.01%
Second Best
Industrial
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 4.88%
Theoretical Best
Healthcare Medical
$1.27M
$1.11M – $1.49M
NOI $89,107 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
G.A. Food Services
Food Processing Plant
FAQs
What type of property is this?
Commercial kitchen - Two-level restaurant building with commercial kitchen equipment, walk-in cooler, and multiple restrooms, sold as-is.
Where is this commercial kitchen located?
The property is located at 2484 Redmond Road Dothan, AL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two‑level restaurant building with 7,202 SF in Dothan, AL; Bottom floor has 7 large rooms including kitchen with commercial equipment, walk‑in cooler, and a private bathroom; Main floor includes two public bathrooms; 3 guest facilities noted
