Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near National Retailers Title is generated by Realmo AI

    900 Commons Dr, Dothan, AL 36303

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in major corridor near US Route 231.

    Type:Retail
    Added:
    Mar 4, 2024
    Days on Market:
    820
    Last Refresh:
    May 13 at 12:39 am

    Property Features for 900 Commons Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 900 Commons Dr Contact us

    Available Space 28 $15/Mo

    Size
    Type
    Retail
    Contact us

    Available Space 2 $16/Mo

    Size
    Type
    Retail
    Contact us

    Available Space 25 $15/Mo

    Size
    Type
    Retail
    Contact us

    Available Space 502 $10/Mo

    Size
    Type
    Retail
    One Level Box attached to the Wiregrass Commons Mal. For Sale or Lease.
    Contact us

    Available Space 72 $14/Mo

    Size
    Type
    Retail
    Contact us

    Available Space 29 $15/Mo

    Size
    Type
    Retail
    Contact us

    Available Space 27 $15/Mo

    Size
    Type
    Retail
    Contact us

    Available Space 7 $16/Mo

    Size
    Type
    Retail
    Contact us

    Available Space 26 $15/Mo

    Size
    Type
    Retail
    Contact us
    Show more

    We can help!

    Listing Contact
    Tammy Johnson CCIM

    Listing agent Tammy Johnson CCIM License #AL 000045102

    Listing office Commercial Realty Partner - Birmingham

    Listing date Mar 4, 2024

    Source Crexi

    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 Commercial Realty Partner - Birmingham

    HighLights

    • Dominant regional mall with limited competition (over 80 miles away).
    • Excellent visibility and access from US Route 231 and Alabama State Route 210.
    • Located in a major retail corridor.
    • Proximity to national retailers including Academy Sports + Outdoors, AMC Classic Theatre, Big Lots, Kohl’s, PetSmart, Publix Super Market, Sam’s Club, Walgreens, and Walmart.
    • Well situated location.
    • Expansive and growing trade area.

    Overview

    This retail space is situated within a major retail corridor, offering excellent visibility and access from US Route 231 and Alabama State Route 210. The location is near national retailers, including Academy Sports + Outdoors, AMC Classic Theatre, Big Lots, Kohl’s, PetSmart, Publix Super Market, Sam’s Club, Walgreens, and Walmart. It is positioned within a dominant regional mall in an expansive and growing trade area, with the closest notable competition over 80 miles away.
    Location Intelligence

    Current Use by Public Records

    francesca's Clothing & Fashion Store Maurices Clothing & Fashion Store Dillard's Cosmetic Store Tween Brands Inc Clothing Store Lids Hat Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4231909
    Latitude
    31.2539217

    Nearby Similar for Lease

    • $16 SF/Yr
      8,800 SF

      Modern Office Building Near Hospitals

      8,800 sq ft office building near major medical facilities.
      2864 Hartford Highway, Dothan, AL 36301
      View Details
    • Contact for pricing
      8,600 SF

      Dothan Shop Building For Lease

      8,600 SF shop building with office space available for lease.
      704 Murray Road, Dothan, AL 36303
      View Details
    • Contact for pricing
      9,013 SF

      Prime Retail Space in Dothan

      Freestanding building in Dothan's retail hub available for sublease.
      200 Buyers Dr, Dothan, AL 36303
      View Details
    • Contact for pricing
      13,800 SF

      Retail Space on Montgomery Highway

      Retail spaces available on Dothan's primary retail artery.
      4601 Montgomery Highway, Dothan, AL 36303
      View Details
    • Contact for pricing
      5,712 SF

      Renovated Office Building on Ross Clark

      Freestanding office building near Southeast Health Medical Center.
      926 Ross Clark Cir, Dothan, AL 36303
      View Details
    • $10 SF/Yr
      1,536 SF

      Retail Space Available For Rent

      Retail space available for lease, totaling 1,536 square feet.
      2261 S Oates St, Dothan, AL
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on W. Main

      Retail space with high visibility in Dothan, Alabama.
      3850 W. Main Street, Dothan, AL 36305
      View Details
    • Contact for pricing
      9,100 SF

      Retail Space Next to ALDI

      Retail space available in Dothan's retail hub.
      1571 Westgate Pkwy, Dothan, AL 36303
      View Details
    • $15 SF/Yr
      1,225 SF

      Dothan Office Space Available

      Office space available for lease in Dothan, Alabama.
      188 N Foster St, Dothan, AL
      View Details
    • Contact for pricing
      6,700 SF

      Freestanding Restaurant with Pick-Up Window

      Turn-key restaurant space built in 2019 with convenient access.
      1708 Westgate Parkway, Dothan, AL, 36303
      View Details
    • $6 SF/Yr
      33,740 SF

      Dothan Retail Space Available

      Spacious retail property suitable for furniture, appliance, or flooring store.
      2702 Ross Clark Cir, Dothan, AL
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Warehouse Space For Lease

      20,000 SF warehouse with loading dock and drive-in door.
      300 Plant St | Dothan, AL 36303
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in major corridor near US Route 231.
    Where is this retail space located?
    The property is located at 900 Commons Dr Dothan, AL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Dominant regional mall with limited competition (over 80 miles away).; Excellent visibility and access from US Route 231 and Alabama State Route 210.; Located in a major retail corridor.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tammy Johnson CCIM
    Real Estate License ID: AL 000045102
    Learn More
    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
    900 Commons Dr, Dothan, AL 36303
    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!