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Property profile & analytics
OFF-MARKET Estimated value $615,000
Grocery and convenience stores

1919 Oates St Dothan, AL 36301-5061

8,850 SF 1.3 ac lot Built 1966
Entity Owned ~ Est. High Equity
Property ID
US03-1061151
Property summary
AI-generated overview

This exceptional 8,628-square-foot commercial property, located at 1919 S Oates St, Dothan, Alabama 36301, presents a unique investment opportunity. Built in 1966 and renovated in 2024, this single-story building sits on a 1.06-acre lot and is zoned for Light Industrial (L-I) use. The property features a main front area of 6,545 square feet, including a small office and two brand-new customer restrooms. A rear area of 2,083 square feet offers ample storage space, five walk-in coolers, a loading and receiving area with two roll-up doors, and additional restrooms. The property boasts a convenient loading dock, making it suitable for various businesses. Recent improvements include fresh paint, partial flooring upgrades, and renovations to the deli/kitchen area. All interior fixtures and materials are removable, allowing for complete customization. Its prime location at the corner of S. Oates and E. Carroll Streets, just half a mile from the Ross Clark Circle and Highway 231 S intersection, ensures high visibility and accessibility. The large parking lot provides ample space for customers and employees. This versatile space is perfect for retail, food service, contractor supply, office/warehouse, or automotive uses. The APN is 0907362002043000. The asking price is $599,000.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1966
Total area 8,850 SF
Lot 1.3 ac (56,490 SF)
APN 09-07-36-2-002-043-000
UPID US03-1061151
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$733k
Blend (final) Blend
$615k
Owner & transaction history
Somnath LLC
Somnath LLC
since 2025
Last sale
$500,000
3 recorded transactions
2025
$500,000
2023
$259,900
2014
$1.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $915,000 +42.9%
Office building $850,000 +32.4%
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