Building Details

Year built 1975

Floors in Building 1

Listing Agency: Gillilan Properties

Listed By: Donny Gillilan · License #122939 Show Phone

Added: Mar 24, 2025 Changed: Aug 25 Last Checked: Oct 15 at 11:06PM

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MLS# 202919

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.

Built in 1975, this 7,476-square-foot flex property combines office and warehouse areas within a 1.28-acre site. The interior includes three executive-style offices, two conference rooms, a reception area, a break area, three half baths, and loading dock access. Four entrances support access throughout the building, while a fenced rear yard adds secured outdoor space. The property is located at 2221 Ross Clark Circle in Dothan, Alabama, with the building positioned on the southwest side of the roadway. Its configuration accommodates a range of office, storage, distribution, and commercial service functions without relying on a single-use layout.

Key Highlights

• 7,476‑square‑foot building on a 1.28‑acre lot
• Three executive‑style offices and two conference rooms
• Interior loading dock access plus exterior loading docks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,578

Cap Rate

6.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,151,560 $1.2M

Cap Rate 7%

$822,543 $822.5K

Cap Rate 9%

$639,756 $639.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,476 SF

Gross rent

$94.2K $12.60/SF

− Vacancy

−$17.4K −$2.33/SF

EGI

$76.8K $10.27/SF

− OpEx

−$19.2K −$2.57/SF

NOI

$57.6K $7.70/SF

Area

Houston County, AL

Vacancy

18.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,151,560

Cap Rate 7%

$822,543

Cap Rate 9%

$639,756

Alternative Uses

Best Use

Office B

$822.5K

$719.7K – $959.6K (±1% cap)

NOI $57,578 @ 7.0% cap · market cap 6.77%

Second Best

Flex RnD

$608.5K

$532.4K – $709.9K (±1% cap)

NOI $42,592 @ 7.0% cap · market cap 5.01%

Theoretical Best

Healthcare Medical

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,497 @ 7.0% cap · market cap 10.88%

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

Property Analytics

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Current Use

WDFX Television Studio

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Building Supply Skin Care Clinic Kitchen & Bath Showroom

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

Lease Details

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

263

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse components support flexible commercial operations, with dock access, a fenced rear yard, and multiple entrances.

Where is this flex space located?

The property is located at 2221 Ross Clark Circle Dothan, AL.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: 7,476‑square‑foot building on a 1.28‑acre lot; Three executive‑style offices and two conference rooms; Interior loading dock access plus exterior loading docks