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    704 Murray Rd Dothan, AL 36303

    For Lease
    $6 SF/Yr ($9,750 /Mo)

    8,000 SF Flex Space, Two Buildings

    Lot size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional Dothan, AL industrial property offers 8,000 square feet of flexible space ideal for various businesses. Situated on a four-acre lot at 704 Murray Rd, near Ross Clark Circle, this property comprises two metal buildings. Building one provides approximately 4,000 square feet of warehouse/shop space, featuring three 12-foot and three 14-foot high roll-up doors. Building two offers approximately 2,000 square feet of shop space seamlessly integrated with 2,000 square feet of office space. An additional 600 square feet of upper-level space is available for storage or additional office use. The buildings boast a 16-foot eave height and six drive-in doors. The property is zoned H-I and features a total of 18,000 square feet under roof, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 4,000 square feet. Currently, 8,000 square feet is vacant. The property's convenient location, just 1300 feet from Ross Clark Circle, offers excellent accessibility. Ingram Equipment Company is a co-tenant. This Class C property presents a unique opportunity for businesses seeking versatile and well-located industrial space. The property includes a total of six drive-in doors and is situated on a four-acre lot (APN: 0901013000006000). The buildings are two stories high with a 19-foot ceiling height.

    Property Features for 704 Murray Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF
    Class
    C
    Total Rate
    9750

    Building Details

    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,000 SF
    Rate per SF
    $6

    HighLights

    • 18,000 SF industrial flex/warehouse property with 8,000 SF currently vacant.
    • Property consists of two buildings totaling 18,000 square feet, divisible to 2,000 SF minimum, with a maximum contiguous space of 4,000 SF.
    • Located on a 4‑acre lot at 704 Murray Rd, Dothan, AL, near Ross Clark Circle.
    • Features include 19' ceilings, six drive‑in doors, and H‑I zoning.
    • Class C property with two stories and co‑tenancy with Ingram Equipment Company.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Secure Trailer Lots Parking Lot Wheely Awesome Diesel ... Diesel Engine Repair Service Parks Truck Repair ... Truck Repair Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.39812611
    Latitude
    31.25702507

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    FAQs

    What type of property is this?
    Distribution property - 8,000 SF Flex Space, Two Buildings
    Where is this distribution property located?
    The property is located at 704 Murray Rd Dothan, AL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 18,000 SF industrial flex/warehouse property with 8,000 SF currently vacant.; Property consists of two buildings totaling 18,000 square feet, divisible to 2,000 SF minimum, with a maximum contiguous space of 4,000 SF.; Located on a 4-acre lot at 704 Murray Rd, Dothan, AL, near Ross Clark Circle.
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    Realmo Value Estimation

    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.

    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.

    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
    704 Murray Rd Dothan, AL 36303
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