Building Details

Year built 1979

Floors in Building 1

Listing Agency: Berkshire Hathaway HomeServices Showcase Properties s***@servicewithasmile.info Show Phone

Listed By: Amy Portwood Show Phone

Added: Aug 31 Last Checked: Oct 16 at 1:06AM

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MLS# 214626

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.

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Investment Insights

Based on property information with market context.

This 3,150-square-foot flex property combines professional office space with warehouse and storage areas. The office component includes a reception and lobby area, four offices, two restrooms, a kitchen and break room, plus additional storage. The warehouse provides operational space for equipment, inventory, or storage and includes two roll-up doors.

Set on 0.4 acres at 725 Murray Road in Dothan, the property also offers paved parking and a fenced yard for outdoor storage or equipment. Built in 1979, the layout supports a range of commercial, service, trade, and light industrial uses.

Key Highlights

• 3,150‑square‑foot flex property with office, warehouse, and storage areas
• Four offices, two restrooms, reception and lobby, kitchen and break room
• Warehouse includes two roll‑up doors for equipment and inventory access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,261

Cap Rate

8.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$485,220 $485.2K

Cap Rate 7%

$346,586 $346.6K

Cap Rate 9%

$269,567 $269.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,150 SF

Gross rent

$39.7K $12.60/SF

− Vacancy

−$7.3K −$2.33/SF

EGI

$32.3K $10.27/SF

− OpEx

−$8.1K −$2.57/SF

NOI

$24.3K $7.70/SF

Area

Houston County, AL

Vacancy

18.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$485,220

Cap Rate 7%

$346,586

Cap Rate 9%

$269,567

Alternative Uses

Best Use

Office B

$346.6K

$303.3K – $404.4K (±1% cap)

NOI $24,261 @ 7.0% cap · market cap 8.67%

Second Best

Flex RnD

$256.4K

$224.3K – $299.1K (±1% cap)

NOI $17,946 @ 7.0% cap · market cap 6.41%

Theoretical Best

Healthcare Medical

$556.8K

$487.2K – $649.6K (±1% cap)

NOI $38,973 @ 7.0% cap · market cap 13.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Buddy's Plumbing Plumbing Service Burt Williams Construction ... Construction Company

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Electrical Service Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

276

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse components support service, trade, and light industrial operations with fenced outdoor storage.

Where is this flex space located?

The property is located at 725 Murray Road Dothan, AL.

What is the asking price?

The asking price for this property is $279,900.

What are key features of this property?

This property features: 3,150‑square‑foot flex property with office, warehouse, and storage areas; Four offices, two restrooms, reception and lobby, kitchen and break room; Warehouse includes two roll‑up doors for equipment and inventory access