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    Property profile & analytics

    1240 Main St Dothan, AL 36301-1732

    • Investment properties
    • 5,832 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1249524
    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

    • Dothan Brace Shop / Orthotics & Prosthetics Service
    • AALOS at Dothan Brace Shop / Orthotics & Prosthetics Service

    Property Details for 1240 Main St

    Year built
    1995
    Lot size
    1.60 lot acres
    Property size
    5,832 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    10-04-19-1-002-014-000
    APU
    1004191002014000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $840,000
      Market price range: $224k - $840k
      AI Estimate
      $840,000
      Market price range: $224k - $840k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $605,000
      Current use
      MEDICAL BUILDING
      $1,030,000
      Change: +70% Conversion: Easy
      OFFICE BUILDING
      $560,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.3742
    Latitude
    31.2216
    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
    $2,248
    $0.00
    $0.00
    $65,160
    -
    $48,000
    $277,800
    $325,800

    Comparable in this City

    • Value Estimation
      $650,000
      4,560 SF

      142 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,560 SF
      142 Main St, Dothan, AL 36301
      View Details
    • Value Estimation
      $755,000
      5,246 SF

      136 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,246 SF
      136 Main St, Dothan, AL 36301-1722
      View Details
    • Value Estimation by Request
      3,021 SF

      1555 State Hwy 605

      OFFICE/RESIDENTIAL (MIXED USE) • 3,021 SF
      1555 State Hwy 605, Taylor, AL 36301-7169
      View Details
    • Value Estimation
      $780,000
      5,400 SF

      709 Campbellton Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 5,400 SF
      709 Campbellton Hwy, Dothan, AL 36301-5780
      View Details
    • Value Estimation by Request
      3,253 SF

      102 Cherokee Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,253 SF
      102 Cherokee Ave, Dothan, AL 36301-1285
      View Details
    • Value Estimation
      $875,000
      7,056 SF

      302 Lena St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,056 SF
      302 Lena St, Dothan, AL 36301-2516
      View Details

    Similar Nearby for Sale

    • $349,000
      2,700 SF

      Ross Clark Circle Office Building

      2,700 SF office building on Ross Clark Circle.
      2563 Ross Clark Cir, Dothan, AL 36301
      View Details
    • $255,000
      25.50 Acres

      Residential Land Near Ross Clark

      25.5+/- acre residential land near Dothan with creek.
      25.5-ac 25.5+/-Ac National Rd, Dothan, AL 36301
      View Details
    • $375,000
      1.80 Acres

      Cleared Commercial Land Ready To Build

      1.8+/- acres of commercial land in a great location.
      1.8+/- Ac Inez Rd, Dothan, AL 36301
      View Details
    • $58,800
      0.66 Acres

      Residential Land in Olympia Spa

      Residential land available in Olympia Spa & Country Club Subdivision.
      E Greenview Cir, Dothan, AL 36301
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    • $192,000
      16.00 Acres

      Residential Land Near Dothan

      16+/- acre residential land parcel near Dothan, Alabama.
      16-ac 16+/-Ac National Rd, Dothan, AL 36301
      View Details
    • $169,900
      20.26 Acres

      Residential Land in Dothan, AL

      20.26+-acre residential land perfect for building a dream home.
      20.26+-Ac Cecil Varnum Rd, Dothan, AL 36301
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      2,100 SF

      Dothan Retail Space For Rent

      Retail space available in high-traffic Dothan location.
      1799 Ross Clark Cir, 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
    • $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
    • Contact for pricing

      Retail Space in Dothan, Alabama

      New construction retail space with high visibility and access.
      2776 W Main St, Dothan, AL 36301
      View Details
    • $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
    • $10 SF/Yr
      1,536 SF

      Retail Space Available For Rent

      Retail space available for lease, totaling 1,536 square feet.
      2261 S Oates St, Dothan, AL 36301
      View Details
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    1240 Main St
    Dothan, AL 36301-1732
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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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