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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3145 Montgomery Hwy Dothan, AL 36303-2155

    • Motels
    • 3,965 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1295101
    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

    • Adams Inn / Motel / Hotel

    Property Details for 3145 Montgomery Hwy

    Year built
    1991
    Lot size
    1.66 lot acres
    Property size
    3,965 SF
    Property type
    Motels
    APN
    09-02-10-2-000-017-000
    APU
    902102000017000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4287
    Latitude
    31.2517
    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
    $11,097
    $0.00
    $0.00
    $321,640
    -
    $685,500
    $922,700
    $1,608,200

    Comparable in this City

    • Value Estimation
      $640,000
      15,836 SF

      251 Oates St

      MOTEL • 15,836 SF
      251 Oates St, Dothan, AL 36303-4555
      View Details
    • Value Estimation by Request
      18,632 SF

      1964 Montgomery Hwy

      MOTEL • 18,632 SF
      1964 Montgomery Hwy, Dothan, AL 36303-3260
      View Details
    • Value Estimation
      $1,060,000
      1,843 SF

      733 Oates St

      MOTEL • 1,843 SF
      733 Oates St, Dothan, AL 36303-4525
      View Details
    • Value Estimation by Request
      7,826 SF

      2155 Montgomery Hwy

      MOTEL • 7,826 SF
      2155 Montgomery Hwy, Dothan, AL 36303-3271
      View Details
    • Value Estimation by Request
      13,425 SF

      314 Foster St

      MOTEL • 13,425 SF
      314 Foster St, Dothan, AL 36303-4544
      View Details
    • Value Estimation by Request
      17,119 SF

      1075 Ross Clark Cir

      MOTEL • 17,119 SF
      1075 Ross Clark Cir, Dothan, AL 36303-5424
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,789 SF

      Downtown Dothan Mixed-Use Gem

      Historic building, multiple income streams
      191 Foster St, Dothan, AL 36303
      View Details
    • $972,000

      Prime Dothan Commercial Land

      2.55 Acres, US 431 Frontage, B-2 Zoning
      3400 Block Us 431, Kinsey, AL 36303
      View Details
    • $609,000
      1.00 Acre

      Dothan Commercial Land - $609,000

      Prime 1-acre commercial lot, high visibility.
      0 Reeves St, Dothan, AL 36303
      View Details
    • $890,000
      0.51 Acres

      Bay Parkway Office Space For Rent

      Prime Bay Parkway Office: 2,160 sq ft, move-in ready.
      4630 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $4,000,000
      10,483 SF

      Golden Corral NNN Lease, Dothan, AL

      High-yield, 10,483 SF QSR/Restaurant
      3340 Ross Clark Cir, Dothan, AL 36303
      View Details
    • $140,000
      1.00 Acre

      Commercial Land on Hwy 431

      One-acre commercial land parcel fronting Hwy 431 in Dothan, Alabama.
      Reeves St, Dothan, AL 36303
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      18,000 SF

      Dothan Industrial Flex Space Available

      8,000 SF Flex Space, Two Buildings
      704 Murray Rd, Dothan, AL 36303
      View Details
    • $4 SF/Yr
      20,000 SF

      Versatile Warehouse/Manufacturing Space Available

      20,000 SF warehouse/manufacturing space with loading dock and drive-in door.
      300 Plant St, Dothan, AL 36303
      View Details
    • $15 SF/Yr
      1,225 SF

      Dothan Office Space Available

      Office space available for lease in Dothan, Alabama.
      188 N Foster St, Dothan, AL 36303
      View Details
    • Contact for pricing
      633,118 SF

      Wiregrass Commons Mall Retail Space

      Dothan, AL Shopping Mall Space Available
      900 Commons Dr, Dothan, AL 36303
      View Details
    • Contact for pricing

      Dothan Retail Pad Site

      Ground lease opportunity in Dothan, Alabama shopping center.
      4401 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $10 SF/Yr
      633,118 SF

      900 Commons Dr

      Warehouses • 633,118 SF
      900 Commons Dr, Dothan, AL 36303
      View Details

    Property Visit Statistics

    • Visits by month
      9.8k
    • Visitors by month
      10.1k
    • Avg Time on site
      145 min
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    Dothan, AL 36303-2155
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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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