Building Details

Building Size 67,600 SF

Listing Agency: NAI TALCOR

Listed By: Kenny Whatley · License #AL #000058211-0 Show Phone

Source: Naiglobal

Added: Nov 21, 2025 Changed: Oct 13 Last Checked: Oct 19 at 5:19AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property, suitable for mini storage, features 67,600 square feet of heated and cooled space, with the potential for conversion to a climate-controlled facility. Current buildings can be expanded to a total of 77,300 square feet of heated and cooled space. The layout allows for an additional 60,000 square feet of climate-controlled storage. Numerous spaces are available for dry storage. Situated on 7 acres, most of which is paved, the property offers level, paved parking with adequate space for additional storage. It benefits from a prominent location on U.S. 431, a short distance from Ross Clark Circle, providing excellent visibility and easy access. The area has a high daytime workforce.

Key Highlights

• 67,600 sq ft of heated and cooled space, perfect for climate‑controlled storage conversion.
• Potential expansion to 77,300 sq ft of heated and cooled space.
• Layout available for an additional 60,000 sq ft of climate‑controlled storage.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$265,465

Cap Rate

7.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,309,300 $5.3M

Cap Rate 7%

$3,792,357 $3.8M

Cap Rate 9%

$2,949,611 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 67,600 SF

Gross rent

$405.6K $6.00/SF

− Vacancy

−$26.4K −$0.39/SF

EGI

$379.2K $5.61/SF

− OpEx

−$113.8K −$1.68/SF

NOI

$265.5K $3.93/SF

Area

Houston County, AL

Vacancy

6.50%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,309,300

Cap Rate 7%

$3,792,357

Cap Rate 9%

$2,949,611

Alternative Uses

Best Use

Self Storage

$8.21M

$7.18M – $9.58M (±1% cap)

NOI $574,654 @ 7.0% cap · market cap 17.00%

Second Best

Industrial

$3.79M

$3.32M – $4.42M (±1% cap)

NOI $265,465 @ 7.0% cap · market cap 7.85%

Theoretical Best

Healthcare Medical

$11.95M

$10.45M – $13.94M (±1% cap)

NOI $836,380 @ 7.0% cap · market cap 24.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Mattress By Appointment Furniture & Home Goods MeMe K's Mini ... Discount Store Gaines Photo Services Photography Service Smartrent USA Rental Health and Healing Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Grocery & Convenience Store Electrical Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

445

Businesses Nearby

Explore this area Business Placement

Demographics for 36303, AL

31,080

Population

14,622

Households

2.1

Avg Household Size

39

Median Age

28%

College-Educated

88%

High-School Grad

58.9 sq mi

ZIP Area

528

Density / Sq Mi

$53,006

Median Household Income

$34,504

Median Earnings

$855

Median Rent

$175,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Flex Space with Truck Docks

1675 E Malvern Hwy., Dothan, AL 36305

$3,000,000

11.14 Acres

View details

Flex Space With Loading Docks

2221 Ross Clark Circle, Dothan, AL 36301

$849,900

1.28 Acres

View details

Versatile Office/Warehouse on Westgate Parkway

3665 Westgate Pkwy, Dothan, AL 36303

$759,000

6,500 SF

View details

Automotive Retail Service Property

766 S. Oates Street, Dothan, AL 36301

$668,832

View details

Industrial Warehouse with Roll-Up Door

1906 Ross Clark Circle, Dothan, AL 36301

$575,000

1.94 Acres

View details

Flex Space with Covered Bays

7159 S Hwy 231, Dothan, AL 36301

$675,000

4.00 Acres

View details

Flex Building with Warehouse

811 W Main St, Dothan, AL 36301

$249,900

0.29 Acres

View details

Flex Property with Fenced Yard

725 Murray Road, Dothan, AL 36303

$279,900

0.40 Acres

View details

Trailer Manufacturing Facility

935 Tate, Dothan, AL 36301

$990,000

5.00 Acres

View details

Flex Space With Upstairs Storage

2321 Montgomery Highway, Dothan, AL 36303

$399,900

0.41 Acres

View details

Flex Space with Warehouse Area

208 W Powell, Dothan, AL 36303

$199,500

0.40 Acres

View details

Flex Space with Three Structures

248 S County Road 49, Dothan, AL 36301

$154,900

0.69 Acres

View details

Frequently Asked Questions

What type of property is this?

Self storage facility - 67,600 SF storage facility with expansion potential.

Where is this self storage facility located?

The property is located at 1924 1950 & 1970 Reeves Street Dothan, AL.

What is the asking price?

The asking price for this property is $3,380,000.

What are key features of this property?

This property features: 67,600 sq ft of heated and cooled space, perfect for climate‑controlled storage conversion.; Potential expansion to 77,300 sq ft of heated and cooled space.; Layout available for an additional 60,000 sq ft of climate‑controlled storage.