Renovated Office
For Sale
$135,000
2323 W Main Ste 211, Dothan, AL 36301
Commercial Sale, Dothan, AL
Property Size996 SF
Lot Size0.25 Acres
Price / SF$135.54
Days on Market813
Property Features for 2323 W Main Ste 211
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
7 NW-Inside Circle
Standard status
Active
APN
0905221003001018
Lot size
0.25 Acres
Building Details
Year built
1984
Floors in Building
2
Listing Agency:
Lan Darty Real Estate & Development
(334) 699-2300
Listed By:
Sandra Houston
(334) 200-1129
Added: Jul 25, 2024
Changed: Oct 1
Last Checked: Oct 15 at 11:06AM
MLS# 199401
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.
Investment Insights
Based on property information with market context.
This 996 SF office unit occupies the second floor of an office complex built in 1984. The renovated layout includes three private offices, a reception area, lobby, customer waiting space, and an open area suited to meetings or breaks. Two bathrooms and an office refrigerator are also included.
The suite is positioned at the corner of W. Main and Roosevelt in Dothan, providing access through two separate staircases along with an available elevator. The configuration combines enclosed work areas with shared client-facing and collaboration spaces.
The suite is positioned at the corner of W. Main and Roosevelt in Dothan, providing access through two separate staircases along with an available elevator. The configuration combines enclosed work areas with shared client-facing and collaboration spaces.
Key Highlights
- 996 SF second‑floor office unit
- Renovated layout with three private offices
- Reception area, lobby, and customer waiting space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,671
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,420
$153.4K
Cap Rate 7%
$109,586
$109.6K
Cap Rate 9%
$85,233
$85.2K
Market Conditions
NOI Build-Up for 996 SF
Gross rent
$12.5K $12.60/SF
− Vacancy
−$2.3K −$2.33/SF
EGI
$10.2K $10.27/SF
− OpEx
−$2.6K −$2.57/SF
NOI
$7.7K $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%
$153,420
Cap Rate 7%
$109,586
Cap Rate 9%
$85,233
Alternative Uses
Best Use
Office B
$109.6K
$95.9K – $127.9K
NOI $7,671 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$176.0K
$154.0K – $205.4K
NOI $12,323 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor suite with private offices, reception space, meeting area, and elevator access.
Where is this office units located?
The property is located at 2323 W Main Ste 211 Dothan, AL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 996 SF second‑floor office unit; Renovated layout with three private offices; Reception area, lobby, and customer waiting space
