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    28216 US-98 Daphne, AL 36526

    Source: https://www.saltercompany.com
    For Sale
    $569,000

    High-visibility Hwy 98 location, excellent income potential.

    Property size:
    2,127 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional Daphne, Alabama property, located at 28216 US-98, offers a combined 2,127 square feet of office and warehouse space on a 0.5-acre lot. The main office building features two executive suites, three additional offices, a reception area, conference room, employee lounge, and two restrooms. Its functional layout and prominent Highway 98 frontage ensure high visibility. Currently, a business brokerage occupies the office space on a month-to-month lease. The attached warehouse/service shop, also leased month-to-month, is currently used by a window tinting company. This area includes a spacious waiting room, restroom, storage, and a large open shop area. The property boasts ample parking. The asking price is $569,000, with a current net operating income of $25,393. This presents a strong investment opportunity with established tenants and significant income potential. The property's location and existing tenant occupancy make it an attractive investment for buyers seeking immediate returns.

    Property Features for 28216 US-98

    General Information

    Property type
    Warehouses
    Square Feet
    2,127 SF
    Price / Square Foot
    $267
    Elevators
    N/A
    Lot Size
    21,993 SF
    Net Operating Income
    $25,393

    Building Details

    Year Built
    1979
    Buildings
    2
    Stories
    1

    HighLights

    • High‑visibility Daphne, AL location on US Hwy 98.
    • 2,127 sq ft building includes office space & warehouse.
    • Currently generating $25,393 net operating income.
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Daphne
    State
    Alabama
    Longitude
    -117.327315
    Latitude
    34.501822

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    FAQs

    What type of property is this?
    Warehouse - High-visibility Hwy 98 location, excellent income potential.
    Where is this warehouse located?
    The property is located at 28216 US-98 Daphne, AL.
    What is the asking price?
    The asking price for this property is $569,000.
    What are key features of this property?
    This property features: High-visibility Daphne, AL location on US Hwy 98.; 2,127 sq ft building includes office space & warehouse.; Currently generating $25,393 net operating income.
    (850) 564-0120
    Request Owner's contact information
    28216 US-98 Daphne, AL 36526
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    Daphne, AL 36526
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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
    28216 US-98 Daphne, AL 36526
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