2855 Ross Clark Cir Dothan, AL 36301-2013
- Investment properties
- 33,412 SF
- 2.68 lot acres
Current Use by Public Records
- Allstar Realtor near Dothan Regional Airport / Real Estate Attorney
- Innovation Boots / Boot Store
- Quick Credit / Loan Agency / Financial Consultant
- Crazy Monkey / Bar
- Pearl Lounge and Grill / Bar
Property Details for 2855 Ross Clark Cir
- Year built
- 1986
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.68 lot acres
- Property size
- 33,412 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 09-05-22-3-002-007-002
- APU
- 905223002007002
Description
Invest in Metro West Plaza, a 33,412 square foot, single-story shopping center in Dothan, Alabama. This Class B property, built in 1986, sits on a 2.68-acre lot and features 16 units with 81% occupancy. Currently operating with a 6.47% cap rate and a NOI of $223,104, the property offers significant upside potential. A pro-forma cap rate of 9.96% and pro-forma NOI of $343,544 demonstrates the substantial increase achievable through lease rate adjustments. Current tenants pay $8.47 per square foot, significantly below market rates of $15 per square foot. The property benefits from a high volume of traffic (40,000 vehicles per day) and is priced at $103.26 per square foot, well below replacement cost. Owner financing is available. This fee-simple ownership opportunity presents a compelling value-add proposition for investors seeking to capitalize on below-market rents and enhance the property's aesthetic appeal and parking to further increase rental income. The property's address is 2855 Ross Clark Cir, Dothan, AL 36301. The APN is 09-05-22-3-002-007-002. The gross lease structure simplifies management.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dothan
- County
- Houston
- State
- Alabama
- Longitude
- -85.4319
- Latitude
- 31.2162
- CBSA code
- 20020
- CBSA name
- DOTHAN, AL METROPOLITAN STATISTICAL AREA
