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    Property profile & analytics

    2240 Main St Dothan, AL 36301

    • Medical offices
    • 3,161 SF
    • 0.55 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Last Sale
    Dec 23, 2024
    $785,000
    Location Intelligence
    Property ID
    US03-1138273
    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

    • Wiregrass Window and Door / Window Installation Service / Door Supplier

    Property Details for 2240 Main St

    Year built
    1986
    Lot size
    0.55 lot acres
    Property size
    3,161 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    09-05-15-4-004-026-000
    APU
    905154004026000

    Description

    This exceptional 2,939 square foot office building is strategically located on West Main Street in Dothan, Alabama, offering unparalleled visibility and accessibility. Situated on a half-acre lot, the property boasts five individual offices, perfect for a variety of professional uses, including medical practices. A welcoming reception area sets the tone for a professional and efficient workspace. The building's prime location ensures high traffic and excellent exposure, making it an ideal investment opportunity for those seeking a well-established presence in a thriving community. The spacious layout provides ample room for both individual work and collaborative efforts. The asking price of $479,000 presents a compelling opportunity to acquire a turnkey office space in a desirable location. This property is ready for immediate occupancy and presents a rare chance to own a well-maintained and highly visible commercial asset in the heart of Dothan. Serious inquiries are encouraged to explore this exceptional opportunity further. The property's size and location make it a highly attractive option for a variety of professional businesses seeking a prominent presence in Dothan.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $785,000

    • CAP approach

      CAP return
      Estimation
      6%
      $730,000
      6.5%
      $685,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $745,000
      Geo Method
      $710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $735,000
      Retail
      $695,000
      Mixed-Use
      $685,000
      Hospitality
      $620,000
      Educational
      $820,000
      Residential Income
      $635,000
      Energy
      $745,000
      Income-Based Land
      $800,000
      Food Service
      $660,000

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4224
    Latitude
    31.2287
    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
    $2,663
    $0.00
    $0.00
    $77,200
    -
    $111,400
    $274,600
    $386,000

    Comparable in this City

    • Value Estimation by Request
      3,149 SF

      1540 Main St

      MEDICAL BUILDING • 3,149 SF
      1540 Main St, Dothan, AL 36301-3012
      View Details
    • Value Estimation by Request
      2,092 SF

      1450 Ross Clark Cir Ste, Unit 1

      MEDICAL BUILDING • 2,092 SF
      1450 Ross Clark Cir Ste, Dothan, AL 36301-4736
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    • Value Estimation by Request
      1,635 SF

      2431 Main St Ste, Unit 402

      MEDICAL BUILDING • 1,635 SF
      2431 Main St Ste, Dothan, AL 36301-1250
      View Details
    • Value Estimation by Request
      3,199 SF

      1206 Columbia Hwy

      MEDICAL BUILDING • 3,199 SF
      1206 Columbia Hwy, Dothan, AL 36301-1826
      View Details
    • Value Estimation by Request
      5,488 SF

      Hedstrom Dr

      MEDICAL BUILDING • 5,488 SF
      Hedstrom Dr, Dothan, AL 36301
      View Details
    • Value Estimation by Request
      9,882 SF

      1450 Ross Clark Cir Ste, Unit 400

      MEDICAL BUILDING • 9,882 SF
      1450 Ross Clark Cir Ste, Dothan, AL 36301-4770
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $4 SF/Yr
      104,334 SF

      Wiregrass Warehouse Space Available

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    • 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
    • $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
    • $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
    • $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
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    • $4 SF/Yr
      31,290 SF

      Dothan, AL Industrial Flex Space

      31,290 SF Flex Warehouse, Single Tenant
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    2240 Main St
    Dothan, AL 36301
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    Realmo Value Estimation

    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.

    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.

    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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