Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 Doctors Dr Dothan, AL 36301-2911

    • Medical Office Space
    • 22,944 SF
    • 2.87 lot acres
    OFF-MARKET
    Value Estimations
    $4,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1172799
    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

    • Southeast Health Surgery Clinic / Medical Clinic / Hospital
    • Dr. Gregory Thompson / Alternative Medicine Practice / Physician
    • Tyler Hansen / Physician
    • Dr. Douglas A. Freeley, MD / Ophthalmologist
    • Dr. Yogesh Gujrati / Physician / Medical Clinic

    Property Details for 102 Doctors Dr

    Year built
    2006
    Lot size
    2.87 lot acres
    Property size
    22,944 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    10-04-19-4-001-010-003
    APU
    1004194001010003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,417,000
      Market price range: $1.18M - $5.70M
      AI Estimate
      $4,417,000
      Market price range: $1.18M - $5.70M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,050,000
      Current use
      RESTAURANT
      $6,740,000
      Change: +67% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.3671
    Latitude
    31.2169
    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
    $23,049
    $0.00
    $0.00
    $668,100
    -
    $500,400
    $2,840,100
    $3,340,500

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      Hedstrom Dr

      MEDICAL BUILDING • 0.18 Acres
      Hedstrom Dr, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      0.05 Acres

      Hedstrom Dr

      MEDICAL BUILDING • 0.05 Acres
      Hedstrom Dr, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      1,618 SF

      1817 Main St Ste, Unit 2

      MEDICAL BUILDING • 1,618 SF
      1817 Main St Ste, Dothan, AL 36301-1364
      View Details
    • Value Estimation by Request
      2,036 SF

      1450 Ross Clark Cir Ste, Unit 2

      MEDICAL BUILDING • 2,036 SF
      1450 Ross Clark Cir Ste, Dothan, AL 36301-4736
      View Details
    • Value Estimation by Request
      2,385 SF

      1609 Main St Ste, Unit 201

      MEDICAL BUILDING • 2,385 SF
      1609 Main St Ste, Dothan, AL 36301-1359
      View Details
    • Value Estimation by Request
      2,345 SF

      1609 Main St Ste, Unit 202

      MEDICAL BUILDING • 2,345 SF
      1609 Main St Ste, Dothan, AL 36301-1359
      View Details

    Similar Nearby for Sale

    • $2,450,000
      23.80 Acres

      Prime Mixed-Use Development Opportunity

      23.8-acre site near major traffic corridors and Southeast Health.
      Ross Clark Cir, Dothan, AL 36301
      View Details
    • $949,000
      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
    • $750,000

      Dothan, AL Office Complex

      Commercial office complex for sale with existing leases.
      2543 Ross Clark Cir, Dothan, AL 36301
      View Details
    • $235,000
      0.35 Acres

      Commercial Building on Hartford Highway

      Commercial building with four offices, updated in 2021.
      3095 Hartford Hwy, Dothan, AL 36301
      View Details
    • $379,990
      Pending

      Dothan Office Space For Sale

      Office space in a convenient, highly sought-after Dothan location.
      2431 Main St, Dothan, AL 36301
      View Details
    • $249,900
      0.29 Acres

      Dothan Commercial Building For Sale

      6000 sq ft commercial building in central Dothan, Alabama.
      811 West Main St, Dothan, AL 36301
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Modern Office Building Near Hospitals

      8,800 sq ft office building near major medical facilities.
      2864 Hartford Hwy, 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
    • Contact for pricing
      5,875 SF

      Dothan Retail Spaces Available

      Downtown Dothan retail spaces, customizable suites.
      151 W Main St | Dothan, AL 36301, Dothan, AL 36301
      View Details
    • $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
    • Contact for pricing

      Retail Space Near Wiregrass Mall

      Retail space in Dothan, AL, near shopping and medical facilities.
      1151 Ross Clark Cir, Dothan, AL 36301
      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 36301
      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.
    102 Doctors Dr
    Dothan, AL 36301-2911
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!