Automotive Retail Service
For Sale
$668,832
766 S Oates Street, Dothan, AL 36301
Automotive-focused facility with warehouse roll-up access, retail/office space, and outdoor storage on an auto-ready site.
Property Size7,070 SF
Days on Market114
Property Features for 766 S Oates Street
General Information
Standard status
Active
Size
7,070 SF
Property subtype
Retail
Building Details
Building Size
7,070 SF
Year Built
1946
Listing Agency:
NAI TALCOR
Listed By:
Kenny Whatley · License #AL #000058211-0
(334) 596-7890
Source:
Naitalcor
Added: Jul 3
Changed: Oct 4
Last Checked: Oct 23 at 3:57AM
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
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Investment Insights
Based on property information with market context.
This automotive retail and service property includes approximately 7,070 SF of building space, with about 4,070 SF of warehouse area featuring a 10' roll-up door and 13' clear height, plus about 3,000 SF of retail/office space. The building has a new roof and exterior paint. Additional onsite improvements include a 1,400 SF freestanding office building and an approximately 1,500 SF rear metal building. The site is described as well-equipped for automotive-related service, with ample parking and outdoor storage.
The property offers direct frontage on S. Oates Street and is positioned with close proximity to Downtown Dothan, and about 1.7 miles from Ross Clark Circle. Public remarks indicate approximately 11,000 VPD on S. Oates Street (2025 AADT) and highlight excellent visibility.
Buyers have the option to purchase the real estate and may also purchase equipment and inventory separately. The operating business (The Rim Shop) may also be available for purchase, with pricing to be negotiated with the seller.
The property offers direct frontage on S. Oates Street and is positioned with close proximity to Downtown Dothan, and about 1.7 miles from Ross Clark Circle. Public remarks indicate approximately 11,000 VPD on S. Oates Street (2025 AADT) and highlight excellent visibility.
Buyers have the option to purchase the real estate and may also purchase equipment and inventory separately. The operating business (The Rim Shop) may also be available for purchase, with pricing to be negotiated with the seller.
Key Highlights
- Approximately 1.04± acres at 766 S. Oates St, Dothan, AL 36301 with direct frontage on S. Oates Street
- Approximately 7,070 SF building with ±4,070 SF warehouse (10' roll‑up door, 13' clear height) plus ±3,000 SF retail/office
- New roof and exterior paint, plus 3‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,283
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,660
$985.7K
Cap Rate 7%
$704,043
$704.0K
Cap Rate 9%
$547,589
$547.6K
Market Conditions
NOI Build-Up for 7,070 SF
Gross rent
$78.1K $11.04/SF
− Vacancy
−$7.6K −$1.08/SF
EGI
$70.4K $9.96/SF
− OpEx
−$21.1K −$2.99/SF
NOI
$49.3K $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%
$985,660
Cap Rate 7%
$704,043
Cap Rate 9%
$547,589
Alternative Uses
Best Use
Retail
$704.0K
$616.0K – $821.4K
NOI $49,283 @ 7.0% cap · market cap 7.37%
Second Best
Flex RnD
$575.4K
$503.5K – $671.3K
NOI $40,279 @ 7.0% cap · market cap 6.02%
Theoretical Best
Healthcare Medical
$1.25M
$1.09M – $1.46M
NOI $87,473 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 36301, AL
38,447
Population
17,872
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
89.2 sq mi
ZIP Area
431
Density / Sq Mi
$49,124
Median Household Income
$35,333
Median Earnings
$886
Median Rent
$156,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Basketcase Cafe' & Catering — 228 S Oates St, Dothan, AL 36301
- Wiregrass Catering Services — 160 S St Andrews St, Dothan, AL 36301
- Wok N Soul, LLC — 126 S Alice St Suite 1, Dothan, AL 36301
Frequently Asked Questions
What type of property is this?
Flex space - Automotive-focused facility with warehouse roll-up access, retail/office space, and outdoor storage on an auto-ready site.
Where is this flex space located?
The property is located at 766 S Oates Street Dothan, AL.
What is the asking price?
The asking price for this property is $668,832.
What are key features of this property?
This property features: Approximately 1.04± acres at 766 S. Oates St, Dothan, AL 36301 with direct frontage on S. Oates Street; Approximately 7,070 SF building with ±4,070 SF warehouse (10' roll‑up door, 13' clear height) plus ±3,000 SF retail/office; New roof and exterior paint, plus 3‑phase power
