Stabilized Retail Investment
For Sale
Contact for pricing
3753 Ross Clark Cir, Dothan, AL 36303
Multi-tenant retail property in Dothan's commercial corridor, 100% occupied.
Property Size20,000 SF
Price / SF$141.25
Days on Market159
Property Features for 3753 Ross Clark Cir
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Retail
Zoning
B-2 (Highway Commercial)
Occupancy
100%
Lease Type
Gross
Net Operating Income
$214,632
Building Details
Year Built
2001
Buildings
2
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Skyline Seven Real Estate
(404) 812-8927
Listed By:
Elliott Kyle · License #GA 299687
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:45AM
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 Skyline Seven Real Estate
Investment Insights
Based on property information with market context.
The property at 3753 Ross Clark Circle, also known as English Village & 3763 Ross Clark Circle, is a stabilized multi-tenant retail investment totaling approximately 20,000 square feet. It is located along Ross Clark Circle (US-84), a primary commercial corridor in Dothan. The property is 100% occupied by a diversified mix of tenants, including medical, restaurant, insurance, and experiential businesses. The VA – Dothan Clinic anchors the property, providing stable cash flow and consistent consumer traffic. The asset produces a stabilized net operating income of approximately $214,632 and includes contractual rent increases that support organic income growth. The location benefits from traffic counts exceeding 26,000 vehicles per day, offering strong visibility, accessibility, and a regional draw extending into Georgia and Florida. Dothan serves as a regional hub for healthcare, logistics, and professional services, supporting long-term retail demand. The area has over 66,000 residents within a five-mile radius and average household incomes approaching $80,000, with continued projected growth.
Key Highlights
- 100% Occupancy: Ensures immediate and consistent cash flow.
- Stabilized NOI: Generates a strong $214,632 Net Operating Income (NOI).
- Anchored by VA Clinic: Provides stability and consistent consumer traffic.
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
$139,413
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
4.93%
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%
$2,788,260
$2.8M
Cap Rate 7%
$1,991,614
$2.0M
Cap Rate 9%
$1,549,033
$1.5M
Market Conditions
NOI Build-Up for 20,000 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
$220.8K $11.04/SF
− Vacancy
−$21.6K −$1.08/SF
EGI
$199.2K $9.96/SF
− OpEx
−$59.7K −$2.99/SF
NOI
$139.4K $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%
$2,788,260
Cap Rate 7%
$1,991,614
Cap Rate 9%
$1,549,033
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $139,413 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.53M
$3.09M – $4.12M
NOI $247,450 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
138k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 41%
Dining 34%
Shops & Services 26%
Rural King
Home Improvements & Furnishings
55,562 visits/mo
0.2 miles
McDonald's
Dining
25,224 visits/mo
0.2 miles
Circle K
Shops & Services
14,555 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
7,646 visits/mo
0.2 miles
Waffle House
Dining
6,510 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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Similar Off Market Nearby
- Colony Shopping Center — 2497 Montgomery Hwy, Dothan, AL 36303
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- Northside Plaza — 3489 Ross Clark Cir, Dothan, AL 36303
- Shops On The Circle — 3500 Ross Clark Cir, Dothan, AL 36303
- Wiregrass Commons Mall — 900 Commons Dr, Dothan, AL 36303
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail property in Dothan's commercial corridor, 100% occupied.
Where is this shopping center located?
The property is located at 3753 Ross Clark Cir Dothan, AL.
What is the asking price?
The asking price for this property is $2,825,000.
What are key features of this property?
This property features: 100% Occupancy: Ensures immediate and consistent cash flow.; Stabilized NOI: Generates a strong $214,632 Net Operating Income (NOI).; Anchored by VA Clinic: Provides stability and consistent consumer traffic.
