Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    151 Main St Dothan, AL 36301-1625
    Property profile & analytics

    151 Main St, Dothan, AL 36301-1625

    View on Map
    • Office buildings
    • 13,680 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Oct 23, 2023
    $875,000
    Property ID
    US03-1166382
    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.
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kirk D. Jones, OD / Physician
    • Andrew L. Maxwell, OD / Physician
    • John D. Denney, OD / Physician
    • David W. Badham, OD / Physician
    • Eugene W. Nicholls, OD / Physician

    Property Details for 151 Main St

    Lot size
    0.26 lot acres
    Property type
    Office buildings
    APN
    09-06-24-2-403-006-000
    APU
    906242403006000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2025 — Eredita Enterprises LLC — Deed · related $1.8M · Conventus LLC
    Jun 6, 2024 — Eredita Enterprises LLC — Deed · related $1.9M · Sentinel Stone Financial LLC
    Oct 23, 2023 $875,000 Eredita Enterprises LLC John Daniel Denney Warranty Deed —
    Oct 23, 2023 $500 John Daniel Denney Jdd Properties PC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $920,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $974,000
      Market price range: $825k - $2.08M
      AI Estimate
      $974,000
      Market price range: $825k - $2.08M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,315,000
      Current use
      COMMERCIAL (GENERAL)
      $1,415,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.3929
    Latitude
    31.2233
    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
    $5,586
    $0.00
    $0.00
    $161,920
    -
    $20,500
    $789,100
    $809,600

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      Hartford Hwy

      OFFICE BUILDING
      Hartford Hwy, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      0.44 Acres

      Hartford Hwy

      OFFICE BUILDING
      Hartford Hwy, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      5,080 SF

      Carroll St

      OFFICE BUILDING
      Carroll St, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      1,480 SF

      2795 Cottonwood Rd

      OFFICE BUILDING
      2795 Cottonwood Rd, Dothan, AL 36301-9405
      View Details
    • Value Estimation
      $725,000
      6,759 SF

      2431 Main St, Unit #

      OFFICE BUILDING
      2431 Main St, Dothan, AL 36301-1217
      View Details
    • Value Estimation by Request
      1,298 SF

      2431 Main St Ste, Unit 101

      OFFICE BUILDING
      2431 Main St Ste, Dothan, AL 36301-1251
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • $750,000

      Dothan, AL Office Complex

      Commercial office complex with existing leases in place.
      2543 Ross Clark Cir, Dothan, AL 36301
      View Details
    • $172,500
      0.24 Acres

      Remodeled Office Building Near SE Health

      Newly remodeled office building with accessibility features and parking.
      1003 Haven Dr, Dothan, AL 36301
      View Details
    • $135,000
      996 SF

      Turnkey Office Space in Dothan

      Renovated 996 SF office space with great visibility.
      2323 W Main, Dothan, AL 36301
      View Details
    • $650,000
      5,000 SF

      Downtown Dothan Commercial Building

      5,000 sq ft commercial building in downtown Dothan.
      182 S Foster St, 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

    Similar Nearby for Lease

    • 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
    • $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
    • 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
    • $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
    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.
    151 Main St
    Dothan, AL 36301-1625
    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
    151 Main St, 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!