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    Property profile & analytics

    2855 Ross Clark Cir Dothan, AL 36301-2013

    • Investment properties
    • 33,412 SF
    • 2.68 lot acres
    OFF-MARKET
    Value Estimations
    $4,815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1279988
    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

    • Allstar Realtor near Dothan Regional Airport / Law Firm
    • Innovation Boots / Clothing & Fashion Store
    • Quick Credit / Financial Advisor
    • Crazy Monkey / Bar & Pub
    • Pearl Lounge and Grill / Bar & Pub

    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 Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,814,000
      Market price range: $1.29M - $4.81M
      AI Estimate
      $4,814,000
      Market price range: $1.29M - $4.81M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,460,000
      Current use
      MEDICAL BUILDING
      $5,895,000
      Change: +70% Conversion: Easy
      OFFICE BUILDING
      $3,205,000
      Change: -7% Conversion: Easy

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

    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

    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
    $8,190
    $0.00
    $0.00
    $237,400
    -
    $647,100
    $539,900
    $1,187,000

    Comparable in this City

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      3,036 SF

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    • Value Estimation by Request
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      177 Foster St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,440 SF
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    • Value Estimation by Request
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      307 Columbia Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,100 SF
      307 Columbia Hwy, Dothan, AL 36301-1727
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      3,600 SF

      312 Columbia Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 3,600 SF
      312 Columbia Hwy, Dothan, AL 36301-1726
      View Details
    • Value Estimation
      $725,000
      5,040 SF

      2395 Ross Clark Cir

      OFFICE/RESIDENTIAL (MIXED USE) • 5,040 SF
      2395 Ross Clark Cir, Dothan, AL 36301-4908
      View Details
    • Value Estimation by Request
      1,347 SF

      337 Selma St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,347 SF
      337 Selma St, Dothan, AL 36301-3623
      View Details

    Similar Nearby for Sale

    • $349,000
      2,700 SF

      Ross Clark Circle Office Building

      2,700 SF office building on Ross Clark Circle.
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    • $255,000
      25.50 Acres

      Residential Land Near Ross Clark

      25.5+/- acre residential land near Dothan with creek.
      25.5-ac 25.5+/-Ac National Rd, Dothan, AL 36301
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    • $375,000
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      Cleared Commercial Land Ready To Build

      1.8+/- acres of commercial land in a great location.
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      Residential land available in Olympia Spa & Country Club Subdivision.
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      Residential Land Near Dothan

      16+/- acre residential land parcel near Dothan, Alabama.
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    • $169,900
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      Residential Land in Dothan, AL

      20.26+-acre residential land perfect for building a dream home.
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    Similar Nearby for Lease

    • $1,500 /Mo
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      Dothan Retail Space For Rent

      Retail space available in high-traffic Dothan location.
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    • $6 SF/Yr
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      Dothan Retail Space Available

      Spacious retail property suitable for furniture, appliance, or flooring store.
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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
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    • $16 SF/Yr

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    • $10 SF/Yr
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      Retail Space Available For Rent

      Retail space available for lease, totaling 1,536 square feet.
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    Dothan, AL 36301-2013
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    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
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