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    Property profile & analytics

    1817 Montgomery Hwy Dothan, AL 36303-3201

    • Retail space
    • 3,288 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Nov 08, 2021
    $300,000
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    6%
    Retail space
    Location Intelligence
    Property ID
    US03-1346015
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • A W Herndon Oil Co / Gas Station
    • Citgo / Gas Station
    • ATM / Atm

    Property Details for 1817 Montgomery Hwy

    Year built
    1966
    Lot size
    0.91 lot acres
    Property size
    3,288 SF
    Property type
    Retail space
    APN
    09-06-14-2-006-002-000
    APU
    906142006002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $385,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $355,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $385,000
      Market price range: $124k - $385k
      AI Estimate
      $385,000
      Market price range: $124k - $385k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4093
    Latitude
    31.2387
    CBSA code
    20020
    CBSA name
    DOTHAN, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,164
    $0.00
    $0.00
    $62,720
    -
    $92,200
    $221,400
    $313,600

    Comparable in this City

    • Value Estimation by Request
      824 SF

      1294 Burdeshaw St

      RETAIL STORES (PERSONAL SERVICES) • 824 SF
      1294 Burdeshaw St, Dothan, AL 36303-5002
      View Details
    • Value Estimation by Request
      1,843 SF

      640 Chickasaw St

      RETAIL STORES (PERSONAL SERVICES) • 1,843 SF
      640 Chickasaw St, Dothan, AL 36303-4235
      View Details
    • Value Estimation by Request
      5,913 SF

      408 Appletree St

      RETAIL STORES (PERSONAL SERVICES) • 5,913 SF
      408 Appletree St, Dothan, AL 36303-4726
      View Details
    • Value Estimation by Request
      1,860 SF

      1015 Headland Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
      1015 Headland Ave, Dothan, AL 36303-3433
      View Details
    • Value Estimation by Request
      1,600 SF

      1028 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      1028 Park Ave, Dothan, AL 36303-3314
      View Details
    • Value Estimation by Request
      5,960 SF

      110 Parkwest Cir

      RETAIL STORES (PERSONAL SERVICES) • 5,960 SF
      110 Parkwest Cir, Dothan, AL 36303-2947
      View Details

    Similar Nearby for Sale

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      Westgate Parkway Commercial Property

      Highly visible commercial property on 2.43 acres, formerly a restaurant.
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      6,000 SF

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      6,000 SF retail building renovated in 2019 for sale.
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      Mixed-Use Property and Event Venue

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      Downtown Dothan Mixed-Use Gem

      Historic building, multiple income streams
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    • $2,999,900
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      Retail Property with Lease Extensions

      Retail property with attractive cap rate and lease extension options.
      3340 Ross Clark Cir, Dothan, AL 36303
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      Affordable commercial space with flexible layout and recent updates.
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    Similar Nearby for Lease

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      4,400 SF

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      Retail property with superior visibility and high traffic counts.
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    • $950,000
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      Prime Retail Space in Dothan

      High-visibility retail space in Dothan's commercial hub.
      3015 Montgomery Hwy, Dothan, AL 36303
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in High-Traffic Center

      Retail space available in Dothan's central retail corridor.
      3500 Ross Clark Cir, Dothan, AL 36303
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      Retail Space in Dothan, AL

      Retail space available in a prime Dothan location.
      1571 Westgate Pkwy, Dothan, AL 36303
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    • 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
      2,400 SF

      Retail Space in Dothan Center

      Retail spaces available in Dothan's dominant power center.
      4601 Montgomery Hwy, Dothan, AL 36303
      View Details

    Property Visit Statistics

    • Visits by month
      1.0k
    • Visitors by month
      307
    • Avg Time on site
      14 min
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    Dothan, AL 36303-3201
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    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
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