Retail/Office Storefront with Large
For Sale
Contact for pricing
2563 Ross Clark Circle, Dothan, AL 36301
Storefront property on Ross Clark Circle with zoning for B-2 and a large deck plus plenty of parking.
Property Size2,650 SF
Lot Size0.50 Acres
Price / SF$131.32
Days on Market55
Property Features for 2563 Ross Clark Circle
General Information
Standard status
Active
Size
2,650 SF
Total Parking Spaces
10
Lot size
0.50 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
B-2
Additional Details
Business Included
Yes
Building Details
Year Built
1983
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Lan Darty Real Estate & Development
(334) 718-7405
Listed By:
Shaun Cunningham · License #AL 000092782
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 9 at 3:34PM
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 Lan Darty Real Estate & Development
Investment Insights
Based on property information with market context.
This retail/office storefront offers a flexible setup for multiple uses, with a large deck and plenty of on-site parking. The property is zoned B-2, supporting a range of commercial activity. A business is currently operational, so showings require coordination with the listing agents.
Located on busy Ross Clark Circle in Dothan, the property sits on almost half an acre. Its combination of outdoor space and ample parking is suited to tenants and operators looking for customer convenience and practical day-to-day accessibility.
For buyers or tenants seeking a B-2 storefront with both indoor space and a sizable outdoor deck, this configuration can support a variety of commercial formats. The existing operational status also indicates the property is being used as an active business site, making it important to schedule appointments through the listing team. If you’re looking for a centrally positioned storefront on a heavily traveled corridor with parking and zoning flexibility, this is a property worth reviewing in person.
Located on busy Ross Clark Circle in Dothan, the property sits on almost half an acre. Its combination of outdoor space and ample parking is suited to tenants and operators looking for customer convenience and practical day-to-day accessibility.
For buyers or tenants seeking a B-2 storefront with both indoor space and a sizable outdoor deck, this configuration can support a variety of commercial formats. The existing operational status also indicates the property is being used as an active business site, making it important to schedule appointments through the listing team. If you’re looking for a centrally positioned storefront on a heavily traveled corridor with parking and zoning flexibility, this is a property worth reviewing in person.
Key Highlights
- Storefront property on busy Ross Clark Circle in Dothan
- Zoned B‑2, offering multiple uses
- Nearly half an acre (almost 0.5 acre) lot
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
$20,410
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
5.86%
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%
$408,200
$408.2K
Cap Rate 7%
$291,571
$291.6K
Cap Rate 9%
$226,778
$226.8K
Market Conditions
NOI Build-Up for 2,650 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
$33.4K $12.60/SF
− Vacancy
−$6.2K −$2.33/SF
EGI
$27.2K $10.27/SF
− OpEx
−$6.8K −$2.57/SF
NOI
$20.4K $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 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%
$408,200
Cap Rate 7%
$291,571
Cap Rate 9%
$226,778
Alternative Uses
Best Use
Office B
$291.6K
$255.1K – $340.2K
NOI $20,410 @ 7.0% cap · market cap 5.86%
Second Best
Retail
$263.9K
$230.9K – $307.9K
NOI $18,472 @ 7.0% cap · market cap 5.31%
Theoretical Best
Healthcare Medical
$468.4K
$409.8K – $546.5K
NOI $32,787 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Under-served
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property on Ross Clark Circle with zoning for B-2 and a large deck plus plenty of parking.
Where is this storefront property located?
The property is located at 2563 Ross Clark Circle Dothan, AL.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Storefront property on busy Ross Clark Circle in Dothan; Zoned B‑2, offering multiple uses; Nearly half an acre (almost 0.5 acre) lot
