Dothan Commercial Property For
2484 Redmond Road Dothan, AL 36303
For Sale
$529,000
COMMERCIAL - Dothan, AL
Property Size7,202 SF
Price / SF$73.45
Days on Market800
Property Features for 2484 Redmond Road
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
0902033001015002
Building Details
Year built
1995
Floors in Building
2
Listing Agency:
Lan Darty Real Estate & Development
(334) 699-2300
Listed By:
Joann Whiddon
(334) 791-3010
Added: May 22, 2024
Changed: Jul 29
Last Checked: Jul 30 at 4:06AM
MLS# 197553
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 commercial property, located in Dothan, Alabama, offers a prime location and business opportunity with over 7202 square feet. The bottom floor features seven large rooms, including a kitchen equipped with some commercial equipment, a walk-in cooler, and a private bathroom. The upstairs area consists of one large room that could be rented separately. There are two public bathrooms on the main floor. The property includes five heating and cooling units, with the kitchen unit being approximately 5 years old. Outside storage is available with one large freezer and one large refrigerator unit. The building is being sold As-Is. The seller will consider a lease.
Key Highlights
- Prime location in Dothan, AL offering a great business opportunity.
- Large space: 7202 square feet with flexible layout.
- Bottom floor includes a kitchen with some commercial equipment and walk‑in cooler.
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 | $43.2k | $6.00 |
| − Vacancy | −$2.8k | −$0.39 |
| EGI | $40.4k | $5.61 |
| − OpEx | −$12.1k | −$1.68 |
| NOI | $28.3k | $3.93 |
7,202 SF · lease $6.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,351 @ 7.0% cap · market cap 14.24%
Second Best
Industrial
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 5.35%
Theoretical Best
Healthcare Medical
$1.27M
$1.11M – $1.49M
NOI $89,107 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Commercial property in Dothan, AL with kitchen and storage.
Where is this commercial kitchen located?
The property is located at 2484 Redmond Road Dothan, AL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Prime location in Dothan, AL offering a great business opportunity.; Large space: 7202 square feet with flexible layout.; Bottom floor includes a kitchen with some commercial equipment and walk‑in cooler.
