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    4601 Montgomery Hwy Dothan, AL 36303

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    4601 Montgomery Hwy Dothan, AL 36303

    View on Map
    • Outlet malls
    • 130,498 SF
    • 11.51 lot acres
    For Lease
    $13,620,000
    View Listing →
    Retail Space on Montgomery Highway For Lease
    $13,620,000

    Retail Space on Montgomery Highway

    Retail space for rent on Dothan's dominant retail artery.

    4601 Montgomery Hwy, Dothan, AL 36303
    View Listing
    Property ID
    US03-1061634
    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

    • Starbucks / Cafe & Coffee Shop
    • Target / Department Store
    • Coinhub Bitcoin ATM Teller / Atm
    • UPS Access Point location / Courier Service / Postal Service
    • Luxy Nails Spa / Nail Salon

    Property Details for 4601 Montgomery Hwy

    Year built
    2007
    Lot size
    11.51 lot acres
    Property size
    130,498 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    09-02-04-2-000-002-014
    APU
    902042000002014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,336,000
      Market price range: $4.91M - $15.3M
      AI Estimate
      $13,905,000
      Market price range: $4.91M - $15.3M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,035,000
      Current use
      OFFICE BUILDING
      $12,225,000
      Change: +22% Conversion: Easy
      COMMERCIAL (GENERAL)
      $11,810,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4464
    Latitude
    31.2665
    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
    $63,138
    $0.00
    $0.00
    $1,830,100
    -
    $1,726,500
    $7,424,000
    $9,150,500

    Comparable in this City

    • Value Estimation by Request
      11,544 SF

      519 Bic Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 11,544 SF
      519 Bic Rd, Dothan, AL 36303-5871
      View Details
    • Value Estimation by Request
      9,026 SF

      2321 Range St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,026 SF
      2321 Range St, Dothan, AL 36303-5816
      View Details
    • Value Estimation
      $545,000
      14,483 SF

      1861 Reeves St

      WHOLESALE OUTLET, DISCOUNT STORE • 14,483 SF
      1861 Reeves St, Dothan, AL 36303-2837
      View Details
    • Value Estimation
      $1,020,000
      13,000 SF

      251 Kelley Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 13,000 SF
      251 Kelley Dr, Dothan, AL 36303-5401
      View Details
    • Value Estimation
      $1,805,000
      34,050 SF

      118 Vulcan Way

      WHOLESALE OUTLET, DISCOUNT STORE • 34,050 SF
      118 Vulcan Way, Dothan, AL 36303-5862
      View Details
    • Value Estimation by Request
      8,240 SF

      263 Kelley Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 8,240 SF
      263 Kelley Dr, Dothan, AL 36303-5401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Stabilized Retail Investment Opportunity

      Multi-tenant retail property in Dothan's commercial corridor, 100% occupied.
      3753 Ross Clark Cir, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space in Dothan Pavilion

      Retail space available in a high-traffic retail hub.
      5031 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $375,000
      3,468 SF

      Downtown Dothan Warehouse For Sale

      3,468 SF warehouse in Downtown Dothan, formerly automotive repair.
      668 S Oates St, Dothan, AL 36303
      View Details
    • $1,399,900
      Pending

      Dothan Commercial Investment Opportunity

      High-exposure site with 80 parking spaces in active commercial corridor.
      205 Apple Ave, Dothan, AL 36303
      View Details
    • $750,000
      1.10 Acres

      Dothan Commercial Property For Sale

      Closed convenience store/gas station on 1.1 acres.
      3356 Reeves St, Dothan, AL 36303
      View Details
    • $399,900
      0.41 Acres

      Dothan Commercial Property For Sale

      Commercial property in Dothan, AL, suitable for various business uses.
      2321 Montgomery Hwy, Dothan, AL 36303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,400 SF

      Retail Space on Ross Clark

      Retail property with superior visibility and high traffic counts.
      3106-3112 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
      33,000 SF

      Retail Space in Dothan Corridor

      Retail space available in a busy Dothan shopping center.
      2841 Montgomery Hwy, Dothan, AL 36303
      View Details
    • Contact for pricing

      Prime Retail Space Near Mall

      High-visibility retail space with customizable layout and ample parking.
      200 Buyers 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
    • Contact for pricing
      1,600 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

    Property Visit Statistics

    • Visits by month
      189.9k
    • Visitors by month
      119.2k
    • Avg Time on site
      33 min
    View Listing
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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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