Insulated Flex Space with Loading
New
For Sale
$3,000,000
1675 E Malvern Hwy., Dothan, AL 36305
Commercial Sale, Dothan, AL
Property Size32,142 SF
Lot Size11.14 Acres
Price / SF$93.34
Days on Market1
Property Features for 1675 E Malvern Hwy.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
12 Geneva
Standard status
Active
APN
1406130000004000, 1401120000023see private remarks
Lot size
11.14 Acres
Amenities
private living quarters
Building Details
Year built
2014
Floors in Building
1
Listing Agency:
Keller Williams Southeast Alabama · Keller Williams Realty
(334) 702-3595
Listed By:
Angela Brock
(817) 707-0826
Added: Sep 22
Last Checked: Sep 22 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This 32,142-square-foot flex property occupies approximately 11.138 acres and includes approximately 21,838 square feet of heated and cooled space. Built in 2014, the main structure is an insulated red iron metal building that formerly housed a furniture store. Its configuration supports showroom, warehouse, distribution, service, retail, and light industrial applications, with private living quarters also included.
The property provides multiple access points for commercial operations, including entrances from Hwy 52, also identified as E. Malvern Hwy, and County Road 70. Loading infrastructure includes 2 semi truck loading docks and 2 covered loading docks or building access points for box trucks. The address is 1675 E Malvern Hwy., Dothan, AL 36305.
The property provides multiple access points for commercial operations, including entrances from Hwy 52, also identified as E. Malvern Hwy, and County Road 70. Loading infrastructure includes 2 semi truck loading docks and 2 covered loading docks or building access points for box trucks. The address is 1675 E Malvern Hwy., Dothan, AL 36305.
Key Highlights
- 32,142 SF property on approximately 11.138 acres
- Approximately 21,838 square feet of heated and cooled space
- Insulated red iron metal building built in 2014
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
$224,051
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
7.47%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with showroom, warehouse, service, distribution, and light industrial use potential.
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 SF property on approximately 11.138 acres; Approximately 21,838 square feet of heated and cooled space; Insulated red iron metal building built in 2014
