Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    868 Murray Rd Dothan, AL 36303-5718

    • Office buildings
    • 2,255 SF
    • 15.17 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 24, 2024
    Location Intelligence
    Property ID
    US03-1331721
    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

    • We buy catalytic converters / Medical Laboratory
    • Townsend Design Center / Door Supplier / Molding Supplier
    • Townsend Building Supply / Paint Store / Plumbing Supply Store

    Property Details for 868 Murray Rd

    Year built
    1997
    Lot size
    15.17 lot acres
    Property size
    2,255 SF
    Property type
    Office buildings
    APN
    09-01-02-4-000-005-000
    APU
    901024000005000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4041
    Latitude
    31.259
    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
    $20,045
    $0.00
    $0.00
    $581,000
    -
    $182,000
    $2,723,000
    $2,905,000

    Comparable in this City

    • Value Estimation by Request
      2,364 SF

      2115 Denton Rd

      OFFICE BUILDING • 2,364 SF
      2115 Denton Rd, Dothan, AL 36303-2389
      View Details
    • Value Estimation by Request
      3,600 SF

      Eastland Rd

      OFFICE BUILDING • 3,600 SF
      Eastland Rd, Dothan, AL 36303
      View Details
    • Value Estimation by Request
      1,155 SF

      1163 Headland Ave

      OFFICE BUILDING • 1,155 SF
      1163 Headland Ave, Dothan, AL 36303-5805
      View Details
    • Value Estimation by Request
      2,721 SF

      321 Westgate Pkwy Ste, Unit 1

      OFFICE BUILDING • 2,721 SF
      321 Westgate Pkwy Ste, Dothan, AL 36303-3072
      View Details
    • Value Estimation by Request
      800 SF

      3246 Montgomery Hwy Ste, Unit 209

      OFFICE BUILDING • 800 SF
      3246 Montgomery Hwy Ste, Dothan, AL 36303-2103
      View Details
    • Value Estimation by Request
      2,926 SF

      308 Adams St

      OFFICE BUILDING • 2,926 SF
      308 Adams St, Dothan, AL 36303-4404
      View Details

    Similar Nearby for Sale

    • $695,000
      8,500 SF

      Spacious Commercial Office Building

      8,500 sq ft office building with modern amenities.
      714 Murray Rd, Dothan, AL 36303
      View Details
    • Contact for pricing
      4,658 SF

      Two-Story Office Building Near Hospital

      Professional office building in established park, ideal for medical users.
      113 Adris Pl, Dothan, AL 36303
      View Details
    • Contact for pricing
      50,000 SF

      Mixed-Use Property and Event Venue

      Dynamic mixed-use property and event venue on Headland Avenue.
      1369 Headland Ave, Dothan, AL 36303
      View Details
    • Contact for pricing
      28,789 SF

      Downtown Dothan Mixed-Use Gem

      Historic building, multiple income streams
      191 Foster St, Dothan, AL 36303
      View Details
    • $225,900
      0.40 Acres

      Dothan Commercial Space for Sale

      Affordable commercial space with flexible layout and recent updates.
      104 Herring St, Dothan, AL 36303
      View Details
    • $1,350,000
      3,060 SF

      Former Car Lot with Office

      Former used car lot with mobile home office for sale.
      4193 Ross Clark Cir, Dothan, AL 36303
      View Details

    Similar Nearby for Lease

    • $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
      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
    • $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
    • $24 SF/Yr
      1,100 SF

      Dothan Retail Space for Lease

      High-traffic retail space available now.
      5031 Montgomery Hwy | Dothan, AL 36303, Dothan, AL 36303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    868 Murray Rd
    Dothan, AL 36303-5718
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.