Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    900 Commons Dr Dothan, AL 36303

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    900 Commons Dr Dothan, AL 36303

    View on Map
    • Retail properties & Spaces
    • 94,686 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    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 / Embroidery Service

    Property Details for 900 Commons Dr

    Property size
    94,686 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 94,686 square foot vacant retail space, located at 900 Commons Dr in Dothan, Alabama 36303, presents a unique investment opportunity. Situated within the Wiregrass Mall, this single-story building boasts high visibility and accessibility, benefiting from significant foot traffic. Completely vacant, it offers unparalleled flexibility for a variety of uses, including large-scale storage, innovative entertainment concepts, creative office spaces, or an office warehouse. The property underwent renovations in 2020. Its convenient location offers proximity to major retailers such as Belk, Dillard's, J.C. Penney, and Red Lobster, further enhancing its appeal. Nearby complementary businesses include T.J. Maxx, Old Navy, Chili's, and Hobby Lobby. The property enjoys exceptional traffic metrics, with 2.9 million visits and 553.8 thousand visitors in the last 12 months, averaging 5.25 visits per person and a 48-minute average dwell time. The surrounding demographics are strong, with 88.8 thousand residents within a 5-mile radius and 203.22 thousand within a 25-mile radius. The property includes dock-high loading capabilities. This is an ideal location for a business seeking high visibility and a strong customer base in a thriving retail environment. This property is 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
    -85.4223
    Latitude
    31.2546

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      Appletree St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.21 Acres
      Appletree St, Dothan, AL 36303
      View Details
    • Value Estimation by Request
      5,052 SF

      314 Bic Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,052 SF
      314 Bic Rd, Dothan, AL 36303
      View Details
    • Value Estimation by Request
      3,500 SF

      536 Bic Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,500 SF
      536 Bic Rd, Dothan, AL 36303-5850
      View Details
    • Value Estimation by Request
      5,146 SF

      1107 Blackshear St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,146 SF
      1107 Blackshear St, Dothan, AL 36303-6011
      View Details
    • Value Estimation by Request
      9,773 SF

      506 Foster St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 9,773 SF
      506 Foster St, Dothan, AL 36303-4547
      View Details
    • Value Estimation
      $770,000
      12,070 SF

      270 Ross Clark Cir

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 12,070 SF
      270 Ross Clark Cir, Dothan, AL 36303-5843
      View Details

    Similar Nearby for Sale

    • $699,900
      1.39 Acres

      Dothan Commercial Land For Sale

      1.39 acre commercial land ideal for restaurant or retail.
      209 Apple Ave, Dothan, AL 36303
      View Details
    • $985,000
      6,353 SF

      Former Restaurant on Retail Corridor

      Spacious former restaurant in high-traffic retail area for sale.
      3501 Montgomery Hwy, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Lot Near Shopping Center

      59,640 sq ft lot ideal for retail or restaurant.
      209 Apple Ave, Dothan, AL 36303
      View Details
    • $495,000
      1.16 Acres

      Prime Commercial Land Opportunity

      1.16-acre commercial land with high-traffic location in Dothan, AL.
      Dothan, AL 36303
      View Details
    • $5,070,000
      39,956 SF

      Retail Property on U.S. 431

      Retail property with excellent visibility and easy access.
      1970 Reeves St, Dothan, AL 36303
      View Details
    • $2,598,000
      7,875 SF

      Dothan Commercial Property For Sale

      Highly visible commercial property with potential for various business uses.
      1708 Westgate Pkwy, Dothan, AL 36303
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,100 SF

      Dothan Retail Space for Lease

      High-traffic retail space available now.
      5031 Montgomery Hwy | Dothan, AL 36303, Dothan, AL 36303
      View Details
    • Contact for pricing

      Restaurant Space on Ross Clark

      Freestanding restaurant space with drive-through, built in 2016.
      1051 Ross Clark Cir, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space Near National Retailers

      Retail space in major corridor near US Route 231.
      900 Commons Dr, Dothan, AL 36303
      View Details
    • Contact for pricing
      33,000 SF

      Retail Space in Dothan Corridor

      Retail space available in a busy Dothan shopping center.
      2841 Montgomery Hwy, Dothan, AL 36303
      View Details
    • Contact for pricing

      Prime Retail Space Near Mall

      High-visibility retail space with customizable layout and ample parking.
      200 Buyers Dr, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space Next to ALDI

      Retail space available in Dothan's retail hub.
      1571 Westgate Pkwy, Dothan, AL 36303
      View Details
    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.
    900 Commons Dr
    Dothan, AL 36303
    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!