Spacious Warehouse on Ross
For Sale
Contact for pricing
1906 Ross Clark Cir, Dothan, AL 36301
7,600 SF warehouse on 1-acre lot with high traffic exposure.
Property Size7,600 SF
Lot Size1.00 Acre
Price / SF$85.39
Days on Market394
Property Features for 1906 Ross Clark Cir
General Information
Standard status
Active
Size
7,600 SF
Class
B
Lot size
1.00 Acre
Property subtype
Industrial
Zoning
B-2
Investment Type
Owner/User
Building Details
Year Built
2008
Buildings
1
Stories
1
Listing Agency:
NAI TALCOR
(334) 596-7890
Listed By:
Shannon Auty · License ##000058211-0
Source:
Crexi
Added: Aug 1, 2025
Changed: Aug 27
Last Checked: Aug 28 at 10:51PM
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 NAI TALCOR
Investment Insights
Based on property information with market context.
This attractive and spacious warehouse building, constructed in 2008, is situated on a 1-acre lot. The building features a steel frame, brick masonry exterior, concrete slab foundation, and metal roof. Its location on highly traveled Ross Clark Circle provides significant traffic exposure and easy accessibility. The property's size is 7,600 square feet.
Key Highlights
- High‑traffic location on Ross Clark Circle provides excellent exposure and accessibility.
- Spacious warehouse building on a 1‑acre lot.
- Durable construction: steel frame, brick masonry exterior, concrete slab foundation, and metal roof.
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
$37,972
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
5.85%
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%
$759,440
$759.4K
Cap Rate 7%
$542,457
$542.5K
Cap Rate 9%
$421,911
$421.9K
Market Conditions
NOI Build-Up for 7,600 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
$47.4K $6.24/SF
− Vacancy
−$2.8K −$0.36/SF
EGI
$44.7K $5.88/SF
− OpEx
−$6.7K −$0.88/SF
NOI
$38.0K $5.00/SF
Area
Houston County, AL
Vacancy
5.80%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
15.00%
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%
$759,440
Cap Rate 7%
$542,457
Cap Rate 9%
$421,911
Alternative Uses
Best Use
Warehouse
$542.5K
$474.7K – $632.9K
NOI $37,972 @ 7.0% cap · market cap 5.85%
Second Best
Industrial
$426.4K
$373.1K – $497.4K
NOI $29,845 @ 7.0% cap · market cap 4.60%
Theoretical Best
Healthcare Medical
$1.34M
$1.18M – $1.57M
NOI $94,031 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36301, AL
38,447
Population
17,872
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
89.2 sq mi
ZIP Area
431
Density / Sq Mi
$49,124
Median Household Income
$35,333
Median Earnings
$886
Median Rent
$156,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 7,600 SF warehouse on 1-acre lot with high traffic exposure.
Where is this warehouse located?
The property is located at 1906 Ross Clark Cir Dothan, AL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: High‑traffic location on Ross Clark Circle provides excellent exposure and accessibility.; Spacious warehouse building on a 1‑acre lot.; Durable construction: steel frame, brick masonry exterior, concrete slab foundation, and metal roof.
