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    Versatile Warehouse Facility in Dothan Title is generated by Realmo AI

    445 Hostdale, Dothan, AL 36303

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    For Sale
    $899,000

    COMMERCIAL - Dothan, AL

    Property size:
    12,000 SF
    Lot size:
    0.73 Acres
    Price / SF:
    $74/SF
    Added:
    Feb 19, 2026
    Days on Market:
    98
    Last Refresh:
    May 28 at 6:06 am

    Property Features for 445 Hostdale

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0408330000001031
    Size
    12,000 SF
    Lot size
    0.73 Acres

    Building Details

    Year built
    2024
    Floors in Building
    1

    We can help!

    Listing Contact
    Cathy Cole

    Listing agent Cathy Cole

    Listing office EXP Realty LLC 100 Chase Park So. Suite 128, Birmingham, AL

    Listing date Feb 19, 2026

    MLS# 209961

    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.

    HighLights

    • Strong income potential with existing cash flow from leased units.
    • 12,000 sq ft warehouse facility with flexible unit configurations (currently 8 finished units, expandable to 12).
    • Each unit includes a private office, bathroom, and 10x12 roll‑up door.
    • Opportunity for expansion with an unfinished 40x108 section, slab partially poured.
    • Seller offers build‑to‑suit options for the unfinished space, allowing customization.
    • Located in [31.286503,-85.446205] and built in 2024.

    Overview

    This 12,000 sq ft warehouse facility (40x300) in Dothan, AL, presents an excellent investment opportunity with strong income potential. The property features eight finished units, with the flexibility to expand to a total of 12 units. Each single unit offers approximately 960 sq ft and includes a private office, bathroom, and a 10x12 roll-up door, making them ideal for a variety of business and storage uses. Currently, there is one double unit, with one configured as a double and available for lease, or easily convertible into two single units by simply adding a wall. Five units are presently leased, generating steady income, with three single units rented at $950 per month and one double unit rented at $1,050 per month. An additional 40x108 section remains unfinished, with the slab partially poured, providing an excellent opportunity for future expansion. The seller is prepared to complete the remaining space and offer build-to-suit options, allowing a buyer to customize and maximize the property's income potential. Situated on a 0.73-acre lot, this property is well-suited for investors or owner-users seeking a high-demand warehouse and office space opportunity, with existing cash flow and room for growth, and flexible unit configurations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Hotel & Motel Auto Parts Store Gym & Fitness Center Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4462076
    Latitude
    31.2865019

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    FAQs

    What type of property is this?
    Warehouse - 12,000 sq ft warehouse with income potential.
    Where is this warehouse located?
    The property is located at 445 Hostdale Dothan, AL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Strong income potential with existing cash flow from leased units.; **12,000 sq ft warehouse facility with flexible unit configurations (currently 8 finished units, expandable to 12).**; Each unit includes a private office, bathroom, and 10x12 roll‑up door.
    (334) 701-1592
    We can help!
    Listing Contact
    Cathy Cole
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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