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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
1801 Honeysuckle Rd Dothan, AL 36305-4269
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-1322859
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
4,319 SF
Lot
1.03 ac (45,000 SF)
APN
09-08-27-3-000-002-006
UPID
US03-1322859
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Clinical & Medical Lab Information System Software (LIS365) Medical Laboratory Hospital Department
-
State Farm Co's Claim Services Insurance Agency
-
Branex (Bike/Boat/Book/etc) Store Corporate Office
-
AXGuru Corporate Office
-
SFGuru Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$600k
Owner & transaction history
Lba-gov Dothan LLC · 2 yrs held
Lba-gov Dothan LLC
since 2024
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$760,000
+87.8%
Commercial (general)
$500,000
+23.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dothan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dothan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$405,000
Current use
MEDICAL BUILDING
$760,000
Change: +88% · Conversion: Easy
COMMERCIAL (GENERAL)
$500,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jun 6 2024)
Last sale anchor
$600k
Jun 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,078
Tax year 2023
Assessed value
$89,220
Assessed 2023
Previous assessed
$89,220
+0.0% YoY
Effective rate
3.45%
On assessed value
Land market value
$99,200
Improvement market value
$346,900
Total market value
$446,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
4,319 SF
Lot
1.03 ac (45,000 SF)
APN
09-08-27-3-000-002-006
UPID
US03-1322859
Jurisdiction
HOUSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$405,000
MEDICAL BUILDING
Est. value
$760,000
COMMERCIAL (GENERAL)
Est. value
$500,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Lba-gov Dothan LLC
Entity
Mailing address
2733 ROSS CLARK CIR, DOTHAN, AL 36301-3214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$600,000
Lba-gov Dothan LLC
Shakoor Properties LLC
Warranty Deed
$1,460,000 · Midsouth Bank NA
Jan 7, 2021
—
Hasnain Y Meghani
Parisa Meghani
Intrafamily Transfer
related
—
Jul 21, 2020
$258,000
Shakoor Properties LLC
Peoplessouth Bank
Warranty Deed
—
Jul 21, 2020
—
Peoplessouth Bank
Parisa Meghani
Warranty Deed
—
Jun 24, 2020
$205,891
Peoplesouth Bank
Peter A Mcinish
Foreclosure
related
—
Jul 20, 2017
$350,000
Parisa Meghani
Penta LLC
Warranty Deed
$280,000 · Peoples South Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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