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    Property profile & analytics

    5031 Montgomery Hwy | Dothan, AL 36303 Dothan, AL 36303

    • Investment properties
    • 5,243 SF
    • 1.01 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimation
    $2,025,000
    Last Sale
    Dec 07, 2020
    $2,200,000
    Location Intelligence
    Property ID
    US03-2093543
    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

    • T-Mobile / Cell Phone Store
    • AL601 / Hair Salon / Barber Shop
    • Kiku Asian Food Express / Bubble Tea Store / Chicken Wings Restaurant
    • Sport Clips Haircuts of Dothan / Barber Shop / Hair Salon

    Property Details for 5031 Montgomery Hwy | Dothan, AL 36303

    Year built
    2015
    Lot size
    1.01 lot acres
    Property size
    5,243 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    09-02-04-2-000-001-023
    APU
    902042000001023

    Description

    This exceptional Class A retail space, totaling 5,000 square feet, is situated on a one-acre lot at 5031 Montgomery Hwy (Hwy 231 N) in Dothan, Alabama, zip code 36303. Built in 2015, the single-story building offers 1,100 square feet of immediately available end-cap space within a thriving retail center. The property boasts excellent highway visibility and convenient access, making it an ideal location for a variety of businesses. Currently configured for multiple tenants, this space is zoned B-2. The center is anchored by established businesses including Sports Clips and KIKU Asian Express, and benefits from its proximity to the major retail hub of the Wiregrass at The Dothan Pavilion. National retailers such as Target, Lowe's, Best Buy, Dick's Sporting Goods, Kohl's, AMC Theatres, Michaels, and ULTA are located nearby, ensuring high foot traffic and brand recognition. The property includes 15 total parking spaces. There are no elevators.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,775,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,190,000
      6.5%
      $2,290,000
      7%
      $2,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,595,000
      Geo Method
      $2,095,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,530,000
      Retail
      $1,860,000
      Mixed-Use
      $1,995,000
      Hospitality
      $2,460,000
      Educational
      $1,960,000
      Residential Income
      $2,100,000
      Energy
      $1,905,000
      Income-Based Land
      $2,110,000
      Food Service
      $1,960,000

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4499
    Latitude
    31.2712
    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
    $8,751
    $0.00
    $0.00
    $253,660
    -
    $703,900
    $564,400
    $1,268,300

    Comparable in this City

    • Value Estimation by Request
      6,185 SF

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    • Value Estimation by Request
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      671 Range St

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      1,140 SF

      1314 Westgate Pkwy Ste, Unit 5

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    • Value Estimation by Request
      5,826 SF

      1027 Blackshear St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,826 SF
      1027 Blackshear St, Dothan, AL 36303
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    • Value Estimation by Request
      920 SF

      836 Burdeshaw St

      OFFICE/RESIDENTIAL (MIXED USE) • 920 SF
      836 Burdeshaw St, Dothan, AL 36303-4912
      View Details
    • Value Estimation by Request
      11,667 SF

      1501 Columbia Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 11,667 SF
      1501 Columbia Hwy, Dothan, AL 36303-5413
      View Details

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    Similar Nearby for Lease

    • $24 SF/Yr
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      High-traffic retail space available now.
      5031 Montgomery Hwy | Dothan, AL 36303, Dothan, AL 36303
      View Details
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    • $10 SF/Yr
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    Realmo Value Estimation

    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.

    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.

    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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