Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land on Highway Title is generated by Realmo AI

    8602 US Highway 231, Ozark, AL 36360

    View on Map
    Claim this Listing
    For Sale
    $300,000

    COMMERCIAL - Ozark, AL

    Property size:
    1,218 SF
    Lot size:
    3.27 Acres
    Price / SF:
    $246/SF
    Added:
    Oct 7, 2025
    Days on Market:
    233
    Last Refresh:
    May 27 at 1:06 am

    Property Features for 8602 US Highway 231

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1009293000012003
    Size
    1,218 SF
    Lot size
    3.27 Acres

    Utilities

    Water front features
    Waterfront

    We can help!

    Listing Contact
    Jennifer Crowe

    Listing agent Jennifer Crowe

    Listing office Wiregrass Home Team 179 Honeysuckle Road Suite 2, Dothan, AL

    Listing date Oct 7, 2025

    MLS# 205465 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.

    HighLights

    • Prime commercial land (3.27 acres) on US Highway 231.
    • High traffic location connecting Dothan to Montgomery.
    • Approximately 650 feet of paved road frontage.
    • Excellent visibility and accessibility.
    • Suitable for retail, service, or mixed‑use development.
    • Existing 1,218 sq ft building for renovation/repurposing.

    Overview

    This 3.27-acre commercial land parcel is located in Dale County, Alabama, on the outskirts of Ozark. Situated along US Highway 231, a high-traffic route connecting Dothan to Montgomery, the property offers visibility and accessibility. It features approximately 650 feet of paved road frontage. An existing 1,218-square-foot building is present on the property and requires renovation, offering redevelopment or repurposing potential. The site is located near the intersection of County Road 18 and US Highway 231, making it suitable for retail, service, or mixed-use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Department Store Bar & Pub Garden Center Discount Store Car Rental Facility Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ozark
    County
    Dale
    State
    Alabama
    Longitude
    -85.5680746
    Latitude
    31.3726592

    Nearby Similar for Sale

    • $289,900
      5,000 SF

      Ozark Commercial Property on Hwy 231

      Versatile commercial building with high visibility and highway frontage.
      7642 US 231, Ozark, AL 36360
      View Details
    • $799,000
      2,479 SF

      Luxury Estate on 49 Acres

      Private estate with acreage, water features, and city conveniences.
      655 Willow Oaks Dr, Ozark, AL 36360
      View Details
    • $299,900
      11,000 SF

      Ozark Commercial Building on Highway

      Commercial building with showroom, offices, and roll-up doors.
      5879 Andrews Ave, Ozark, AL 36360
      View Details
    • $339,900
      5,445 SF

      Ozark Commercial Building For Sale

      5445 SF brick building near Dale Medical Hospital.
      145 KATHERINE AVE, Ozark, AL 36360
      View Details
    • $40,000

      Ozark Industrial Land with Rail

      Development-ready industrial land with rail access in Ozark, Alabama.
      0 Peacock Pkwy, Ozark, AL 36360
      View Details
    • $970,000
      15,000 SF

      Commercial Property in Ozark, AL

      Commercial property featuring three buildings, totaling 15,000 square feet.
      1518 E Andrews Ave, Ozark, AL 36330
      View Details
    • $395,000

      Ozark, AL Land For Sale

      59+/- acre land with development potential in Ozark, Alabama.
      1162 N Union Avenue, Ozark, AL 36360
      View Details
    • $223,900

      Versatile Land Near Fort Rucker

      48 acres perfect for building, hunting, recreation, or investment.
      2500 Dean Church Rd, Ozark, AL 36360
      View Details
    • $325,000

      Ozark Commercial Land Parcel

      2.54 acre commercial land parcel in Ozark, Alabama.
      Deese Rd, Ozark, AL 36322
      View Details
    • $98,000

      Ozark Vacant Land Opportunity

      10-acre property in Ozark, AL, ideal for homesite or recreation.
      0 Coby Drive, Ozark, AL, 36360, Ozark, AL 36360
      View Details
    • $395,000

      Ozark Corner Lot on Highway

      Prime commercial corner lot with high visibility on US Highway.
      Highway 231, Ozark, AL 36322
      View Details
    • $274,900
      1,600 SF

      Modern Farmhouse in Ozark

      Like-new 1,600 sq ft farmhouse built in 2024.
      359 Spruce Lane, Ozark, AL 36360
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.27 acres on US Highway 231 near Ozark, Alabama.
    Where is this commercial land located?
    The property is located at 8602 US Highway 231 Ozark, AL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Prime commercial land (3.27 acres) on US Highway 231.; High traffic location connecting Dothan to Montgomery.; Approximately 650 feet of paved road frontage.
    (334) 494-2780
    We can help!
    Listing Contact
    Jennifer Crowe
    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

    Thank You for Inquiry
    8602 US Highway 231, Ozark, AL 36360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!