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Property profile & analytics
OFF-MARKET Estimated value $2,895,000
Distribution centers

4674 Westgate Pkwy Dothan, AL 36303-1253

43,980 SF 12 ac lot Built 2008
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-1222234
Property summary
AI-generated overview

This exceptional 12-acre industrial property located at 4674 Westgate Pkwy, Dothan, Alabama, 36303, presents a significant investment opportunity. Currently, the facility utilizes six acres, leaving ample room for expansion or future development. The existing warehouse boasts a substantial footprint and features large heaters for efficient climate control. The office area is fully climate-controlled, providing comfortable workspace. The property's zoning allows for commercial and industrial uses, offering flexibility for a variety of businesses. The asking price for this prime Dothan location is $4,200,000. This represents a compelling opportunity to acquire a well-situated industrial property with significant potential for growth and development. The property's location in Houston County, Alabama, provides easy access to major transportation routes, further enhancing its appeal to businesses seeking efficient logistics. The substantial land area offers significant potential for future expansion or development, making this an attractive proposition for investors and businesses alike. The existing infrastructure, including the heated and conditioned office space and warehouse heating system, provides immediate functionality and reduces upfront capital expenditure. This property is ready for immediate occupancy or redevelopment, offering a unique blend of existing infrastructure and future development potential.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2008
Total area 43,980 SF
Lot 12 ac (522,720 SF)
APN 09-01-01-1-000-001-006
UPID US03-1222234
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.00M
Blend (final) Blend
$2.90M
Owner & transaction history
Sea 156 LLC · 8 yrs held
Sea 156 LLC
since 2017
2 recorded transactions
2017
$2.7M
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $4.1M +61.2%
Commercial (general) $4.0M +55.8%
Retail stores $3.4M +32.3%
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