Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6182 Hwy 231 South 2.83+-ac Dothan, AL 36301

    View on Map
    Claim this Listing
    New
    Pending
    $280,000

    Commercial Land - Dothan, AL

    Lot size:
    2.80 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 29 at 12:06 am

    Property Features for 6182 Hwy 231 South 2.83+-ac

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    NONE
    Standard status
    Pending
    APN
    1706230000005003 & 1706230000005007
    Lot size
    2.80 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Donnie Wells

    Listing agent Donnie Wells

    Listing office The Real Estate Group 2323 W Main St Ste 215, Dothan, AL

    Listing date Apr 27, 2026

    MLS# 212836 Listing URL

    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.

    Overview

    Dothan Commercial Land For Sale

    This commercial property features approximately 2.8 acres of land situated at the corner of Highway 231 South and Moffett Road, on the south side of Dothan, Alabama. The location benefits from a high volume of traffic. On-site utilities include power, water, sewer, fiber, and cable. The property includes a metal barn equipped with power and water, as well as a loading and unloading ramp. It has driveways on both Highway 231 and Moffett Road. Located in Houston County, the property is outside the city limits of Dothan and adjoins the National Peanut Festival grounds.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4034102
    Latitude
    31.13736

    Nearby Similar for Sale

    • $745,000

      Dothan Commercial Building For Sale

      Over 20,000 SF commercial building in downtown Dothan, AL.
      210 Washington St, Dothan, AL 36301
      View Details
    • $899,000

      Dothan Warehouse with Income Potential

      12,000 sq ft warehouse with eight finished units.
      445 Hostdale, Dothan, AL 36303
      View Details
    • $779,900

      Dothan Commercial Property For Sale

      Warehouse, shop, storage, and office space with recent updates.
      108 Southport Street, Dothan, AL 36301
      View Details
    • $529,000

      Dothan Commercial Kitchen Opportunity

      7202 SF commercial space with kitchen equipment in Dothan.
      2484 Redmond Road, Dothan, AL 36303
      View Details
    • $899,900

      Dothan Commercial Property on Ross Clark

      Commercial property on 1.28 acre lot with high traffic exposure.
      2221 Ross Clark Circle, Dothan, AL 36301
      View Details
    • $425,000

      Dothan Commercial Land Opportunity

      Highly visible land for commercial development in Dothan, Alabama.
      000 MAIN ST, Dothan, AL 36301
      View Details
    • $550,000

      Dothan Commercial Property with Updates

      Updated commercial property with potential for dual income streams.
      1023 Oates St, Dothan, AL 36301
      View Details
    • $950,000

      Dothan Commercial Land For Sale

      6.77 acres at a high-traffic lighted intersection.
      2753 Ross Clark Circle, Dothan, AL 36305
      View Details
    • $350,000

      Dothan Commercial Land Opportunity

      2.8 acres of commercial land in a high-traffic area.
      Lots 12-14 Executive Park Drive, Dothan, AL 36303
      View Details
    • $2,598,000

      Dothan Commercial Property For Sale

      Highly visible commercial property with potential for various business uses.
      1708 Westgate Parkway, Dothan, AL 36303
      View Details
    • $399,900

      Dothan Commercial Property For Sale

      Commercial property in Dothan, AL, suitable for various business uses.
      2321 Montgomery Highway, Dothan, AL 36303
      View Details
    • $699,900

      Dothan Commercial Land For Sale

      1.39 acre commercial land ideal for restaurant or retail.
      209 Apple Avenue, Dothan, AL 36303
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.8+-acre commercial land with high traffic volume in Dothan, AL.
    Where is this commercial land located?
    The property is located at 6182 Hwy 231 South 2.83+-ac Dothan, AL.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: High‑traffic commercial property on the corner of Hwy 231 South and Moffett Rd.; Utilities available on site: Power, Water, Sewer, Fiber, and Cable.; Includes a metal barn with power and water.
    (334) 618-3239
    We can help!
    Listing Contact
    Donnie Wells
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!