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

    3421 Ross Clark Cir Dothan, AL 36303

    • Turn key restaurants
    • 5,256 SF
    • 1.89 lot acres
    For Sale
    View listing
    $1,950,000
    Last Sale
    Jan 02, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1059554
    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

    • Fazoli's / Restaurant

    Property Details for 3421 Ross Clark Cir

    Year built
    1997
    Lot size
    1.89 lot acres
    Property size
    5,256 SF
    Property type
    Turn key restaurants
    APN
    09-02-10-3-010-015-006
    APU
    902103010015006

    Description

    This 5,296 square foot vacant restaurant building, situated on a 1.88-acre lot in Dothan, Alabama, presents a unique investment opportunity. Located on Ross Clark Circle, a major thoroughfare with an annual daily traffic count exceeding 31,591 vehicles, the property benefits from high visibility and accessibility. The building, originally constructed in 1997 and extensively renovated in 2018, boasts a modern interior featuring new flooring, updated wiring and lighting, a modernized kitchen with 95% new equipment, and upgraded HVAC systems, hoods, and fire suppression. Additional improvements include new digital message boards, menu displays, and point-of-sale systems, as well as private dining spaces with movable partitions. The property's location on "Restaurant Row" places it among established national chains like Longhorn Steakhouse, Cracker Barrel, IHOP, and others, ensuring high foot traffic and brand recognition. Its proximity to major retail centers, including the Shops on the Circle, Northside Mall, and Wiregrass Commons Mall, further enhances its appeal. The property includes a convenient drive-thru and ample parking. This turnkey restaurant is ready for immediate occupancy and offers significant potential for a new owner or operator seeking to capitalize on Dothan's thriving retail market. The asking price is $1,800,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,455,000
      Market price range: $523k - $2.46M
      AI Estimate
      $2,451,000
      Market price range: $587k - $2.45M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4298
    Latitude
    31.2451
    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
    $10,182
    $0.00
    $0.00
    $295,120
    -
    $683,300
    $792,300
    $1,475,600

    Comparable in this City

    • Value Estimation
      $3,570,000
      7,647 SF

      3730 Montgomery Hwy

      RESTAURANT • 7,647 SF
      3730 Montgomery Hwy, Dothan, AL 36303-2168
      View Details
    • Value Estimation
      $2,235,000
      7,650 SF

      3102 Ross Clark Cir

      RESTAURANT • 7,650 SF
      3102 Ross Clark Cir, Dothan, AL 36303-3038
      View Details
    • Value Estimation
      $1,685,000
      4,506 SF

      3385 Ross Clark Cir

      RESTAURANT • 4,506 SF
      3385 Ross Clark Cir, Dothan, AL 36303-3041
      View Details
    • Value Estimation
      $905,000
      5,217 SF

      2870 Montgomery Hwy

      RESTAURANT • 5,217 SF
      2870 Montgomery Hwy, Dothan, AL 36303-2606
      View Details
    • Value Estimation by Request
      2,410 SF

      131 Foster St

      RESTAURANT • 2,410 SF
      131 Foster St, Dothan, AL 36303-4539
      View Details
    • Value Estimation
      $555,000
      5,271 SF

      818 Adams St

      RESTAURANT • 5,271 SF
      818 Adams St, Dothan, AL 36303-5102
      View Details

    Similar Nearby for Sale

    • $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
    • $1,950,000
      5,256 SF

      Dothan Restaurant Site For Sale

      Restaurant site on Ross Clark Circle, Dothan, Alabama.
      3421 Ross Clark Cir, Dothan, AL 36303
      View Details
    • $2,798,000
      2.43 Acres

      Westgate Parkway Commercial Property

      Highly visible commercial property on 2.43 acres, formerly a restaurant.
      1708 Westgate Pkwy, Dothan, AL 36303
      View Details
    • $1,300,000
      0.51 Acres

      Dothan Commercial Opportunity For Sale

      High-visibility commercial property on a heavily traveled highway in Dothan.
      4630 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $3,295,000
      6,700 SF

      Turnkey Restaurant - Dothan, AL

      6,700 SF Restaurant, Excellent Condition
      1708 Westgate Pkwy, Dothan, AL 36303
      View Details
    • $985,000
      6,353 SF

      Former Restaurant on Retail Corridor

      Spacious former restaurant in high-traffic retail area for sale.
      3501 Montgomery Hwy, Dothan, AL 36303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      174,064 SF

      Northside Plaza Medical Office Space

      Dothan, AL medical office suites available. Multiple sizes, high visibility.
      3489 Ross Clark Cir, Dothan, AL 36303
      View Details
    • $33 SF/Yr
      2,998 SF

      Dothan Retail Space - Hwy 231

      High-traffic retail space, 2,998 sq ft.
      2870 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $1.00 SF/Yr
      6,700 SF

      Dothan Restaurant - Turnkey Opportunity

      6,700 SF Restaurant, Excellent Condition
      1708 Westgate Pkwy, Dothan, AL 36303
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in High-Traffic Center

      Retail space available in Dothan's central retail corridor.
      3500 Ross Clark Cir, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space on Ross Clark Circle

      Retail space available in high-traffic Dothan location.
      3108 Ross Clark Cir, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space in Dothan, AL

      Retail space available in a prime Dothan location.
      1571 Westgate Pkwy, Dothan, AL 36303
      View Details
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    Dothan, AL 36303
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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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