Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1861 Reeves St Dothan, AL 36303-2837

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1861 Reeves St Dothan, AL 36303-2837

    View on Map
    • Outlet malls
    • 14,483 SF
    • 1.13 lot acres
    Off-Market
    Property ID
    US03-1142534
    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
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Little Shop of Treasures Candles & Collectibles / Home Decor Store
    • Old South Antique Mall / Home Decor Store / (Bike/Boat/Book/etc) Store
    • A list of services available. / Home Decor Store / (Bike/Boat/Book/etc) Store

    Property Details for 1861 Reeves St

    Year built
    1965
    Lot size
    1.13 lot acres
    Property size
    14,483 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    09-01-12-4-002-007-000
    APU
    901124002007000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $544,000
      Market price range: $545k - $1.70M
      AI Estimate
      $544,000
      Market price range: $545k - $1.70M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.3909
    Latitude
    31.2491
    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
    $2,399
    $0.00
    $0.00
    $69,540
    -
    $76,600
    $271,100
    $347,700

    Comparable in this City

    • Value Estimation by Request
      5,571 SF

      446 Ross Clark Cir

      WHOLESALE OUTLET, DISCOUNT STORE • 5,571 SF
      446 Ross Clark Cir, Dothan, AL 36303-5870
      View Details
    • Value Estimation by Request
      5,025 SF

      1876 Kinsey Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 5,025 SF
      1876 Kinsey Rd, Dothan, AL 36303-5800
      View Details
    • Value Estimation by Request
      9,021 SF

      768 Murray Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,021 SF
      768 Murray Rd, Dothan, AL 36303-5714
      View Details
    • Value Estimation
      $660,000
      13,045 SF

      383 Kelley Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 13,045 SF
      383 Kelley Dr, Dothan, AL 36303-5421
      View Details
    • Value Estimation by Request
      11,544 SF

      519 Bic Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 11,544 SF
      519 Bic Rd, Dothan, AL 36303-5871
      View Details
    • Value Estimation by Request
      9,026 SF

      2321 Range St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,026 SF
      2321 Range St, Dothan, AL 36303-5816
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Stabilized Retail Investment Opportunity

      Multi-tenant retail property in Dothan's commercial corridor, 100% occupied.
      3753 Ross Clark Cir, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space in Dothan Pavilion

      Retail space available in a high-traffic retail hub.
      5031 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $375,000
      3,468 SF

      Downtown Dothan Warehouse For Sale

      3,468 SF warehouse in Downtown Dothan, formerly automotive repair.
      668 S Oates St, Dothan, AL 36303
      View Details
    • $1,399,900
      Pending

      Dothan Commercial Investment Opportunity

      High-exposure site with 80 parking spaces in active commercial corridor.
      205 Apple Ave, Dothan, AL 36303
      View Details
    • $399,900
      0.41 Acres

      Dothan Commercial Property For Sale

      Commercial property in Dothan, AL, suitable for various business uses.
      2321 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $2,600,000
      3.50 Acres

      Dothan Commercial Land For Sale

      3.5 acres of commercial land in Dothan, Alabama.
      5822 West Main St, Dothan, AL 36303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,400 SF

      Retail Space on Ross Clark

      Retail property with superior visibility and high traffic counts.
      3106-3112 Ross Clark Cir, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space on Ross Clark Circle

      Retail space available in high-traffic Dothan location.
      3108 Ross Clark Cir, Dothan, AL 36303
      View Details
    • 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

      Prime Retail Space Near Mall

      High-visibility retail space with customizable layout and ample parking.
      200 Buyers Dr, Dothan, AL 36303
      View Details
    • Contact for pricing

      Dothan Retail Pad Site

      Ground lease opportunity in Dothan, Alabama shopping center.
      4401 Montgomery Hwy, Dothan, AL 36303
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in High-Traffic Center

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

    Property Visit Statistics

    • Visits by month
      5.7k
    • Visitors by month
      4.1k
    • Avg Time on site
      13 min
    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.
    1861 Reeves St
    Dothan, AL 36303-2837
    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!