Retail Storefront with Convenient
For Sale
Contact for pricing
200 Buyers Drive, Dothan, AL 36303
Central Dothan retail storefront with close proximity to major retail, dining, and healthcare employers.
Property Size8,960 SF
Price / SF$189.73
Days on Market66
Property Features for 200 Buyers Drive
General Information
Standard status
Active
Size
8,960 SF
Property subtype
Retail
Building Details
Year Built
1994
Listing Agency:
Forrest & Fields CRE Inc
(334) 685-1276
Listed By:
David Cornelius · License #AL 000086953
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Aug 7 at 9:47AM
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 Forrest & Fields CRE Inc
Investment Insights
Based on property information with market context.
This retail storefront at 200 Buyers Drive, Dothan, AL offers a straightforward commercial setup for an office or other business use. The property size is listed at 8,960 square feet, providing a workable footprint for retail-facing operations and service-oriented concepts.
The location is described as highly convenient, with quick access to Wiregrass Commons Mall and Dothan Pavilion, along with nearby recreational options such as Westgate Park. A variety of dining options are close by, including Jim N Nicks, Red Lobster, and Chili's. For healthcare-driven clientele and employee access, the property is also positioned near Southeast Health and Flowers Hospital.
For tenants and buyers looking for a well-connected Dothan address, the mix of nearby shopping, restaurants, and healthcare facilities supports a practical fit for retail and service uses that benefit from visibility to both employees and clients. The property’s central placement and surrounding commercial amenities make it a functional option for businesses seeking an established base in a destination area.
The location is described as highly convenient, with quick access to Wiregrass Commons Mall and Dothan Pavilion, along with nearby recreational options such as Westgate Park. A variety of dining options are close by, including Jim N Nicks, Red Lobster, and Chili's. For healthcare-driven clientele and employee access, the property is also positioned near Southeast Health and Flowers Hospital.
For tenants and buyers looking for a well-connected Dothan address, the mix of nearby shopping, restaurants, and healthcare facilities supports a practical fit for retail and service uses that benefit from visibility to both employees and clients. The property’s central placement and surrounding commercial amenities make it a functional option for businesses seeking an established base in a destination area.
Key Highlights
- Year built: 1994
- Located in Dothan, AL at 200 Buyers Dr
- Close to major retail hubs including Wiregrass Commons Mall and Dothan Pavilion
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
$62,457
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
3.67%
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%
$1,249,140
$1.2M
Cap Rate 7%
$892,243
$892.2K
Cap Rate 9%
$693,967
$694.0K
Market Conditions
NOI Build-Up for 8,960 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
$98.9K $11.04/SF
− Vacancy
−$9.7K −$1.08/SF
EGI
$89.2K $9.96/SF
− OpEx
−$26.8K −$2.99/SF
NOI
$62.5K $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%
$1,249,140
Cap Rate 7%
$892,243
Cap Rate 9%
$693,967
Alternative Uses
Best Use
Retail
$892.2K
$780.7K – $1.04M
NOI $62,457 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.58M
$1.39M – $1.85M
NOI $110,857 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
897k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Dining 26%
Apparel 20%
Superstores 16%
Sam's Club
Superstores
107,191 visits/mo
0.4 miles
T.J. Maxx
Apparel
64,650 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
56,174 visits/mo
0.1 miles
Chick-fil-A
Dining
47,421 visits/mo
0.5 miles
Publix
Groceries
37,366 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Central Dothan retail storefront with close proximity to major retail, dining, and healthcare employers.
Where is this retail space located?
The property is located at 200 Buyers Drive Dothan, AL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Year built: 1994; Located in Dothan, AL at 200 Buyers Dr; Close to major retail hubs including Wiregrass Commons Mall and Dothan Pavilion
