Dothan Industrial Investment
704 Murray Rd, Dothan, AL 36303
Fully leased industrial building with long-term tenants and NNN leases.
Type:Industrial
Property size:
18,000 SFLot size:
4.00 AcresPrice / SF:
$69/SF- Added:
- Jan 27, 2026
- Days on Market:
- 126
- Last Refresh:
- Dec 3 at 5:00 am
Property Features for 704 Murray Rd
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Lot size
- 4.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1968
Listing agent John Man License #02022928
Listing office Coldwell Banker Roadrunner Realty (334) 596-7890
Listing date Jan 27, 2026
Source Naiglobal
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 Coldwell Banker Roadrunner Realty
HighLights
- High 8.5% Cap Rate
- Fully leased with 4 long‑standing tenants with strong regional/national credit and NNN leases
- 18,000 Sq. Ft. industrial service building with 14 overhead doors and 20' ceiling height
- Located on the NE side of Dothan, just one block from Ross Clark Circle
- 4 acres with ample yard and dedicated trailer parking
- Multiple revenue streams and positive co‑working relationships between tenants strengthen their long‑term occupancy
Overview
This fully leased, multi-tenant investment property features an 18,000 square foot industrial service building. The building includes 14 overhead doors, a 20-foot ceiling height, and 7 offices. Located on the northeast side of Dothan, the property is one block from Ross Clark Circle. This investment opportunity offers 4 long-standing tenants with strong regional and national credit, and NNN leases are in place. The property is situated on 4 acres with ample yard space and dedicated trailer parking. All roll-up doors were replaced or repaired in 2024. Office interiors have been updated with new flooring, lighting, paint, and ceiling repair. The northeast corner of the lot has repaved and resurfaced asphalt millings for an improved trailer parking area. Ingram Equipment Company occupies 10,000 square feet, and Parks Truck Repair occupies 8,000 square feet. Ashley Distribution Services and Bluebell Refrigerated Trucks have maintained tenancy at this location for approximately 7 to 10 years. Multiple revenue streams and positive co-working relationships between tenants strengthen their long-term occupancy.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $6.00 |
| − Vacancy | −$7.0k | −$0.39 |
| EGI | $101.0k | $5.61 |
| − OpEx | −$30.3k | −$1.68 |
| NOI | $70.7k | $3.93 |
18,000 SF · lease $6.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.01M
$883.6K – $1.18M
NOI $70,686 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.18M
$2.78M – $3.71M
NOI $222,705 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Secure Trailer Lots
Parking Lot & Garage
Wheely Awesome Diesel ...
Auto Repair Shop
Parks Truck Repair ...
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Dothan
- County
- Houston
- State
- Alabama
- Longitude
- -85.3985
- Latitude
- 31.2583
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Fully leased industrial building with long-term tenants and NNN leases.
Where is this industrial property located?
The property is located at 704 Murray Rd Dothan, AL.
What is the asking price?
The asking price for this property is $1,255,459.
What are key features of this property?
This property features: High 8.5% Cap Rate; Fully leased with 4 long‑standing tenants with strong regional/national credit and NNN leases; **18,000 Sq. Ft. industrial service building with 14 overhead doors and 20' ceiling height**
