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    Corner Commercial Development Land Title is generated by Realmo AI

    7697 Eddins Rd, Dothan, AL 36301

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    For Sale
    $675,000

    COMMERCIAL - Dothan, AL

    Property size:
    2,240 SF
    Lot size:
    5.45 Acres
    Price / SF:
    $301/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 7697 Eddins Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1707350000011000
    Lot size
    5.45 Acres

    Building Details

    Year built
    1995
    Floors in Building
    1

    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 Jun 3, 2026

    MLS# 213382

    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.

    HighLights

    • 5.45‑acre commercial corner tract at Hwy 231 & Eddins Rd with approx. 65' frontage on Hwy 231 and 205' frontage on Eddins Rd
    • Two driveways and high‑traffic exposure at the corner of Hwy 231 and Eddins Rd
    • No zoning or restrictions (located in the county)
    • Utilities available: public water, well, natural gas, fiber internet, phone, and power
    • 2,240 SF mobile home (built 1995) with 4 bedrooms/offices, 2 baths, double‑sided gas fireplace, metal roof, covered porches, and two carports
    • 1‑acre pond plus partial fencing; survey on file and corners marked; includes former portable building and mobile home sales lot

    Overview

    The property is a 5.45-acre corner commercial tract with approximately 65 feet of frontage on Hwy 231 and approximately 205 feet of frontage on Eddins Rd. Two driveways provide access from the fronting roads. The site includes a well-maintained 2,240-square-foot mobile home with four bedrooms/offices, two bathrooms, a double-sided gas fireplace, a living room, family room, dining room, and a large kitchen with an island/bar. Additional features include a metal roof, covered porches, two carports, a security system, and partial fencing. The property also includes a 1-acre pond, and a current survey is on file with corners marked.

    The tract is located in Houston County and is described as having no zoning or restrictions. Public utilities available on-site include public water, well, natural gas, fiber internet, phone, and power, supporting both immediate use and redevelopment planning. The site also has a history as a portable building and mobile home sales lot.

    For buyers and operators, the combination of road frontage, multiple access points, utilities, and on-site improvements can support a range of commercial, retail, office, industrial, agricultural, or investment uses as indicated by the listing. Prospective tenants or buyers should confirm specific permitting and intended use, particularly given the property’s noted lack of zoning or restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Pharmacy Garden Center Discount Store Electronics & Wireless Store Clothing & Fashion Store Barber Shop Cosmetic Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4036271
    Latitude
    31.1074146

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    FAQs

    What type of property is this?
    Commercial land - Corner tract with dual road frontage, two driveways, utilities, and an on-site mobile home plus pond for flexible use.
    Where is this commercial land located?
    The property is located at 7697 Eddins Rd Dothan, AL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 5.45‑acre commercial corner tract at Hwy 231 & Eddins Rd with approx. 65' frontage on Hwy 231 and 205' frontage on Eddins Rd; Two driveways and high‑traffic exposure at the corner of Hwy 231 and Eddins Rd; No zoning or restrictions (located in the county)
    (334) 618-3239
    We can help!
    Listing Contact
    Donnie Wells
    Request Owner's contact information
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    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.

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