Prime Location Storage
1924 1950 & 1970 Reeves Street Dothan, AL 36303
1924 1950 & 1970 Reeves Street, Dothan, AL, 36303
$3,380,000
For Sale
$3,380,000
67,600 SF storage facility with expansion potential.
Property Size67,600 SF
Price / SF$50
Days on Market240
Property Features for 1924 1950 & 1970 Reeves Street
General Information
- Standard status
- Active
- Size
- 67,600 SF
- Property subtype
- Retail
Listing Agency
TALCOR ALABAMA, LLC dba NAI Whatley
(334) 596-7890
Listed by
Kenny Whatley · License #AL #000058211-0
(334) 596-7890
Source
Naiglobal
Added: Nov 21, 2025 Checked: Jul 19 at 4:00 am
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 TALCOR ALABAMA, LLC dba NAI Whatley
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.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $405.6k | $6.00 |
| − Vacancy | −$26.4k | −$0.39 |
| EGI | $379.2k | $5.61 |
| − OpEx | −$113.8k | −$1.68 |
| NOI | $265.5k | $3.93 |
67,600 SF · lease $6.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$8.21M
$7.18M – $9.58M
NOI $574,654 @ 7.0% cap · market cap 17.00%
Second Best
Industrial
$3.79M
$3.32M – $4.42M
NOI $265,465 @ 7.0% cap · market cap 7.85%
Theoretical Best
Healthcare Medical
$11.95M
$10.45M – $13.94M
NOI $836,380 @ 7.0% cap · market cap 24.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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
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FAQs
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.
