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    301 W Inez Rd Dothan, AL 36301
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    Property profile & analytics

    301 W Inez Rd Dothan, AL 36301

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    • Investment properties
    • 24,185 SF
    • 2.48 lot acres
    For Sale
    $3,485,000
    View Listing →
    Retail Strip Mall For Sale For Sale
    $3,485,000
    23,674 SF

    Retail Strip Mall For Sale

    Retail strip mall with available suites in Dothan, Alabama.

    301 W. Inez Road, Dothan, AL 36301
    View Listing
    Property ID
    US03-1198777
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sally Beauty / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Avon with stephanie / (Bike/Boat/Book/etc) Store
    • City Wholesale / Big Box & Wholesale Store
    • Dothan Pharmacy / Pharmacy
    • Nature's Pointe Wellness CBD Store / Specialty Food Shop

    Property Details for 301 W Inez Rd

    Year built
    1998
    Lot size
    2.48 lot acres
    Property size
    24,185 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17-01-02-4-000-001-018
    APU
    1701024000001018

    Description

    South Dothan Plaza, located at 301 W Inez Rd in Dothan, Alabama, offers exceptional retail space. This single-story, 23,525 square foot building, constructed in 1998, features 12 suites in a convenient strip mall configuration. Currently, 4,500 square feet is available for lease. The property sits on a 2.75-acre lot and boasts 50 parking spaces for ample customer convenience. Its strategic location off Highway 231 South provides high visibility and accessibility, situated next to Arby's and adjacent to Southside Walmart, ensuring significant foot traffic and brand recognition. The property is zoned L-I Light Industry, offering flexibility for various retail uses. The building has no elevators. The available suite, formerly occupied by Wiregrass Bargains, offers 4,500 square feet of adaptable space. The property's parcel number is 17-01-02-4-000-001.018, located in Houston County, Alabama, zip code 36301. This Class C property presents a compelling opportunity for businesses seeking a high-traffic location in a well-established retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,485,000
      Market price range: $930k - $3.49M
      AI Estimate
      $3,485,000
      Market price range: $930k - $3.49M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,505,000
      Current use
      MEDICAL BUILDING
      $4,270,000
      Change: +70% Conversion: Easy
      OFFICE BUILDING
      $2,320,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4036
    Latitude
    31.1768
    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
    $10,924
    $0.00
    $0.00
    $316,640
    -
    $332,600
    $1,250,600
    $1,583,200

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      106 Columbia Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,500 SF
      106 Columbia Hwy, Dothan, AL 36301-1766
      View Details
    • Value Estimation by Request
      2,942 SF

      502 Columbia Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,942 SF
      502 Columbia Hwy, Dothan, AL 36301-1730
      View Details
    • Value Estimation
      $660,000
      4,582 SF

      1026 Fortner St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,582 SF
      1026 Fortner St, Dothan, AL 36301-2317
      View Details
    • Value Estimation by Request
      2,754 SF

      936 Oates St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,754 SF
      936 Oates St, Dothan, AL 36301-3555
      View Details
    • Value Estimation
      $585,000
      4,050 SF

      1910 Ross Clark Cir

      OFFICE/RESIDENTIAL (MIXED USE) • 4,050 SF
      1910 Ross Clark Cir, Dothan, AL 36301-5887
      View Details
    • Value Estimation
      $1,065,000
      7,405 SF

      280 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,405 SF
      280 Main St, Dothan, AL 36301-1724
      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.
      2563 Ross Clark Cir, Dothan, AL 36301
      View Details
    • $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
      View Details
    • $58,800
      0.66 Acres

      Residential Land in Olympia Spa

      Residential land available in Olympia Spa & Country Club Subdivision.
      E Greenview Cir, Dothan, AL 36301
      View Details
    • $192,000
      16.00 Acres

      Residential Land Near Dothan

      16+/- acre residential land parcel near Dothan, Alabama.
      16-ac 16+/-Ac National Rd, Dothan, AL 36301
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    • $169,900
      20.26 Acres

      Residential Land in Dothan, AL

      20.26+-acre residential land perfect for building a dream home.
      20.26+-Ac Cecil Varnum Rd, Dothan, AL 36301
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    • $58,800
      0.58 Acres

      Residential Land in Olympia Spa

      Residential land available in Olympia Spa & Country Club Subdivision.
      E Greenview Cir, Dothan, AL 36301
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    Similar Nearby for Lease

    • $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
      View Details
    • $4 SF/Yr
      10,000 SF

      Dothan Warehouse: 10,000 SF Available

      10,000 SF Warehouse, 4 Docks, Excellent Location
      119 Anderson Ct, Dothan, AL 36301
      View Details
    • $4 SF/Yr
      31,290 SF

      Dothan, AL Industrial Flex Space

      31,290 SF Flex Warehouse, Single Tenant
      119 Anderson Ct, Dothan, AL 36301
      View Details
    • Contact for pricing
      5,875 SF

      Dothan Retail Spaces Available

      Downtown Dothan retail spaces, customizable suites.
      151 W Main St | Dothan, AL 36301, Dothan, AL 36301
      View Details
    • Contact for pricing

      Retail Space Near Wiregrass Mall

      Retail space in Dothan, AL, near shopping and medical facilities.
      1151 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
    View Listing
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    Dothan, AL 36301
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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.

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