Flex Space with Truck
1675 E Malvern Hwy., Dothan, AL 36305
For Sale
$3,000,000
Commercial Sale, Dothan, AL
Property Size32,142 SF
Lot Size11.14 Acres
Price / SF$93.34
Days on Market52
Property Features for 1675 E Malvern Hwy.
General Information
Property type
Property subtype
Subdivision
Standard status
APN
Lot size
Additional Details
Mixed-Use Components
Property Use
Amenities
private living quarters
loading docks
Building Details
Year built
Floors in Building
Listing Agency:
Keller Williams Southeast Alabama · Keller Williams Realty
(334) 702-3595
Listed By:
Angela Brock
(817) 707-0826
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 12 at 3:06AM
MLS# 214900
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 flex property in Dothan contains a 32,142-square-foot building, including approximately 21,838 square feet of heated and cooled space. The main structure is an insulated red iron metal building. Loading infrastructure includes two semi-truck docks and two covered loading access points for box trucks.
Key Highlights
- 32,142‑square‑foot building with approximately 21,838 square feet of heated and cooled space
- Insulated red iron metal construction
- Two semi‑truck loading docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,051
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,481,020
$4.5M
Cap Rate 7%
$3,200,729
$3.2M
Cap Rate 9%
$2,489,456
$2.5M
Market Conditions
NOI Build-Up for 32,142 SF
Gross rent
$354.8K $11.04/SF
− Vacancy
−$34.8K −$1.08/SF
EGI
$320.1K $9.96/SF
− OpEx
−$96.0K −$2.99/SF
NOI
$224.1K $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%
$4,481,020
Cap Rate 7%
$3,200,729
Cap Rate 9%
$2,489,456
Alternative Uses
Best Use
Retail
$3.20M
$2.80M – $3.73M
NOI $224,051 @ 7.0% cap · market cap 7.47%
Second Best
Flex RnD
$2.62M
$2.29M – $3.05M
NOI $183,117 @ 7.0% cap · market cap 6.10%
Theoretical Best
Healthcare Medical
$5.68M
$4.97M – $6.63M
NOI $397,676 @ 7.0% cap · market cap 13.26%
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
Lease Details
2
Dock-high doors
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36305, AL
16,561
Population
7,453
Households
2.2
Avg Household Size
42
Median Age
35%
College-Educated
92%
High-School Grad
31.0 sq mi
ZIP Area
534
Density / Sq Mi
$81,438
Median Household Income
$47,530
Median Earnings
$1,120
Median Rent
$236,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Dothan
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - An insulated metal building offers substantial conditioned space and separate loading access for semis and box trucks.
Where is this flex space located?
The property is located at 1675 E Malvern Hwy. Dothan, AL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 32,142‑square‑foot building with approximately 21,838 square feet of heated and cooled space; Insulated red iron metal construction; Two semi‑truck loading docks
