Retail Space in Dothan
For Sale
Contact for pricing
5031 Montgomery Hwy, Dothan, AL 36303
Retail space available in a high-traffic retail hub.
Property Size5,000 SF
Price / SF$0.00
Days on Market267
Property Features for 5031 Montgomery Hwy
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
5,000 SF
Year Built
2015
Properties For Sale
at 5031 Montgomery Hwy
1,100 SF
Size
1,100 SF
Term
Negotiable
Listing Agency:
NAI TALCOR
Listed By:
Shannon Auty · License #AL #139611
(334) 406-1161
Source:
Naiglobal
Added: Jan 27
Changed: Oct 7
Last Checked: Oct 20 at 6:21PM
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 NAI TALCOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 1,100 sq ft retail space is available for lease within a retail center that includes KIKU Asian Express and Sports Clips. The property benefits from high visibility and accessibility, situated on Hwy 231N in the Dothan Pavilion, a major retail hub in the Wiregrass area. The location is surrounded by anchor stores such as Target, Lowe's, BestBuy, Dick's Sporting Goods, Kohls, AMC Theater, Michaels, and ULTA. The property is positioned on Montgomery Highway, just north of Napier Field Road. Hwy 231N serves as Dothan's primary retail corridor, with Wiregrass Commons Mall, Academy Sports + Outdoors, Walmart Supercenter, and the Dothan Pavilion all within a 1.5-mile radius. The site is adjacent to a newly constructed Home2 Suites by Hilton, Five Star Credit Union, and McDonald's. It is located in Dothan’s established hospitality market, near multiple luxury hotels and a SpringHill Suites by Marriot, which is nearing completion across the highway. The location offers multiple signalized access points on Hwy 231, which sees a traffic count of 30,299 vehicles per day (2022 ALDOT). It is situated in a higher-income community within Dothan, with an average household income of $78,874 within a 1-mile radius.
Key Highlights
- Prime location on Hwy 231N, Dothan's primary retail corridor, offering high visibility and easy access.
- Located in the Dothan Pavilion retail center, anchored by Target, Lowe's, and Best Buy.
- Benefit from a high traffic count of 30,299 VPD (2022 ALDOT) with multiple signalized access points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,853
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,060
$697.1K
Cap Rate 7%
$497,900
$497.9K
Cap Rate 9%
$387,256
$387.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$55.2K $11.04/SF
− Vacancy
−$5.4K −$1.08/SF
EGI
$49.8K $9.96/SF
− OpEx
−$14.9K −$2.99/SF
NOI
$34.9K $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 Rate 5%
$697,060
Cap Rate 7%
$497,900
Cap Rate 9%
$387,256
Alternative Uses
Best Use
Retail
$497.9K
$435.7K – $580.9K
NOI $34,853 @ 7.0% cap · market cap 174,265.00%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$883.7K
$773.3K – $1.03M
NOI $61,862 @ 7.0% cap · market cap 309,310.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
449k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 26%
Shops & Services 21%
Dining 20%
Home Improvements & Furnishings 9%
Target
Superstores
118,339 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
40,859 visits/mo
0.4 miles
Michaels
Shops & Services
35,054 visits/mo
0.4 miles
McDonald's
Dining
33,448 visits/mo
0.1 miles
Best Buy
Electronics
32,494 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available in a high-traffic retail hub.
Where is this retail space located?
The property is located at 5031 Montgomery Hwy Dothan, AL.
What are key features of this property?
This property features: Prime location on Hwy 231N, Dothan's primary retail corridor, offering high visibility and easy access.; Located in the Dothan Pavilion retail center, anchored by Target, Lowe's, and Best Buy.; Benefit from a high traffic count of 30,299 VPD (2022 ALDOT) with multiple signalized access points.
