Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    119 Anderson Ct Dothan, AL 36301
    Back to Search
    Property profile & analytics

    119 Anderson Ct, Dothan, AL 36301

    View on Map
    • Warehouses
    • 10,000 SF
    For Lease
    $4 SF/Yr
    View Listing →
    Dothan Warehouse: 10,000 SF Available For Lease
    $4 SF/Yr

    Dothan Warehouse: 10,000 SF Available

    10,000 SF Warehouse, 4 Docks, Excellent Location

    119 Anderson Ct, Dothan, AL 36301
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wiregrass Warehouse / Warehouse & Storage

    Property Details for 119 Anderson Ct

    Year built
    1968
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 10,000-square-foot warehouse space in Dothan, Alabama, becomes available November 1st. The property is a single-tenant industrial building, classified as Class D, and constructed in 1968. The warehouse boasts 14-foot clear ceiling heights, providing ample vertical storage capacity. Four loading docks ensure efficient and streamlined shipping and receiving operations. The space includes small offices, adding to its functionality. The building features recently installed energy-efficient LED lighting throughout. Strategically located in southeastern Alabama, Dothan offers unparalleled access to major transportation arteries. Three four-lane US Highways (231, 84, and 431) and several Alabama state highways (52, 53, 203, and 211) converge in Dothan, making this location ideal for distribution, manufacturing, and retail businesses. This property presents a significant opportunity for businesses seeking a well-maintained, conveniently located warehouse space with excellent access to transportation networks. The entire 10,000 square feet is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4019
    Latitude
    31.2009

    Comparable in this City

    • Value Estimation by Request
      7,600 SF

      1906 Ross Clark Cir

      Distribution properties
      1906 Ross Clark Cir, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      31,290 SF

      119 Anderson Ct

      Distribution properties
      119 Anderson Ct, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      0.68 Acres

      1036 Main St

      Distribution properties
      1036 Main St, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      61,300 SF

      Us-84

      Distribution properties
      0 Us-84, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      104,334 SF

      119 Anderson Ct

      Distribution properties
      119 Anderson Ct, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      0.50 Acres

      301 Haven Dr

      Distribution properties
      301 Haven Dr, Dothan, AL 36301
      View Details

    Similar Nearby for Sale

    • $471,800
      0.68 Acres

      Dothan Warehouse: Prime Location

      Spacious warehouse, ideal for business.
      1036 Main, Dothan, AL 36301
      View Details
    • $699,900
      26,850 SF

      Dothan Commercial Property For Sale

      Warehouse, shop, storage, and office space with dual access.
      108 E Southport St, Dothan, AL 36301
      View Details
    • Contact for pricing
      7,600 SF

      Spacious Warehouse on Ross Clark

      7,600 SF warehouse on 1-acre lot with high traffic exposure.
      1906 Ross Clark Cir, Dothan, AL 36301
      View Details
    • Contact for pricing

      Dothan Industrial Property For Sale

      Three buildings on 1.07 acres with flexible operational potential.
      814-824 S Foster St, Dothan, AL 36301
      View Details
    • $649,000
      7,600 SF

      Dothan Warehouse on Ross Clark

      7,600 SF warehouse with high traffic exposure in Dothan.
      1906 Ross Clark Cir, Dothan, AL 36301
      View Details
    • $899,900
      7,476 SF

      Dothan Commercial Property on Ross Clark

      Commercial property on 1.28 acres with high traffic exposure.
      2221 Ross Clark Cir, Dothan, AL 36301
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      10,000 SF

      Dothan Warehouse: 10,000 SF Available

      10,000 SF Warehouse, 4 Docks, Excellent Location
      119 Anderson Ct, Dothan, AL 36301
      View Details
    • $4 SF/Yr
      31,290 SF

      Dothan, AL Industrial Flex Space

      31,290 SF Flex Warehouse, Single Tenant
      119 Anderson Ct, Dothan, AL 36301
      View Details
    • $4 SF/Yr
      104,334 SF

      Wiregrass Warehouse Space Available

      Dothan, AL Warehouse - 29,814 SF
      119 Anderson Ct, Dothan, AL 36301
      View Details
    • Contact for pricing

      Dothan Warehouse Space Available

      10,000 SF warehouse with 14' ceilings and four docks.
      119 Anderson Ct, Dothan, AL 36301
      View Details
    • Contact for pricing

      Move-In Ready Medical Office Space

      Medical office space available for rent in Dothan, Alabama.
      200 Medical Care Way, Dothan, AL 36301
      View Details
    View Listing
    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.
    119 Anderson Ct
    Dothan, AL 36301
    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
    119 Anderson Ct, Dothan, AL, 36301
    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!