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 Market47
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
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: Oct 27
Last Checked: Nov 7 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This 2014 flex property in Dothan contains 32,142 square feet, including 21,838 square feet of heated and cooled area. The main building is an insulated red iron metal structure with warehouse and showroom space, plus private living quarters. Loading facilities include two semi-truck docks and two covered access points for box trucks.
The property spans 1675 E. Malvern Hwy. Access is available from Hwy 52 and County Rd. 70.
The property spans 1675 E. Malvern Hwy. Access is available from Hwy 52 and County Rd. 70.
Key Highlights
- 32,142 SF building on an 11.136‑acre parcel
- 21,838 SF of heated and cooled space
- Two semi‑truck loading docks and two covered loading access points for box trucks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,117
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,662,340
$3.7M
Cap Rate 7%
$2,615,957
$2.6M
Cap Rate 9%
$2,034,633
$2.0M
Market Conditions
NOI Build-Up for 32,142 SF
Gross rent
$320.1K $9.96/SF
− Vacancy
−$38.4K −$1.20/SF
EGI
$281.7K $8.76/SF
− OpEx
−$98.6K −$3.07/SF
NOI
$183.1K $5.70/SF
Area
Houston County, AL
Vacancy
12.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,662,340
Cap Rate 7%
$2,615,957
Cap Rate 9%
$2,034,633
Alternative Uses
Best Use
Flex RnD
$2.62M
$2.29M – $3.05M
NOI $183,117 @ 7.0% cap · market cap 6.10%
Second Best
Warehouse
$2.29M
$2.01M – $2.68M
NOI $160,593 @ 7.0% cap · market cap 5.35%
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.
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Property Analytics
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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
Check the figures for this property
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 - Insulated metal construction pairs warehouse and showroom space with loading access for commercial vehicles.
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 building on an 11.136‑acre parcel; 21,838 SF of heated and cooled space; Two semi‑truck loading docks and two covered loading access points for box trucks
