Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28216 US-98 Daphne, AL 36526

    View on Map
    Picture of Warehouses at 28216 US-98, Daphne, AL
    For Sale
    $569,000

    2,127 SF Office Building and Office Warehouse For Sale

    Property size:
    2,127 SF
    Lot size:
    0.50 Acres
    Added:
    Feb 4, 2025
    Days on Market:
    437
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 28216 US-98

    General Information

    Standard status
    Active
    Property type
    Warehouses, Other office properties, Office buildings, Industrial properties, Office properties & Spaces
    Size
    2,127 SF
    Net Rentable
    2,127 SF
    Elevators
    N/A
    Lot size
    0.50 Acres

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Feb 4, 2025

    Overview

    Daphne Office & Warehouse Investment

    Located in Daphne, Alabama, this commercial property at 28216 US-98 offers a 2,127 square foot building that combines office space with a warehouse/service shop. The office area includes two executive suites, three additional offices, a reception area, a conference room, an employee lounge, and two restrooms. The warehouse/service shop features a large waiting room, restroom, storage area, and a substantial open shop space. The property is situated on a 0.5048 acre lot and has highway frontage visibility. The office space is currently occupied by a long-term tenant under a month-to-month lease, operating as a business brokerage. The attached warehouse/service shop is also tenant-occupied month-to-month and is used by a window tinting company. This dual-tenant setup provides income potential. The property's location and design make it suitable for a variety of businesses.
    Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Steiner Storage — 6354 Shriner Ave, Daphne, AL 36526
    • Lake Forest Marina — 3 yacht club dr, daphne, al 36526

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.861
    Latitude
    30.61

    Nearby Similar for Sale

    • $699,000
      3,283 SF

      Loma Alta Custom Double Unit

      Premium location, exquisite views, and luxurious amenities in Daphne, AL.
      100 Tower Drive 903, Daphne, AL 36526
      View Details
    • $2,100,000
      6,500 SF

      Daphne Automotive/Retail/Flex Opportunity

      Adaptable building on high-traffic Main Street, suitable for various uses.
      1909 Main Street, Daphne, AL 36526
      View Details
    • $569,000
      2,127 SF

      2,127 SF Office Building and Office Warehouse For Sale

      Office and warehouse space with income potential in Daphne, Alabama.
      28216 US-98, Daphne, AL 36526
      View Details
    • $990,000
      7,320 SF

      Daphne Office Building For Sale

      7,320 SF office building in a desirable Daphne location.
      9052 Independence Ave., Daphne, AL 36526
      View Details
    • $4,000,000
      27,317 SF

      Daphne Church and Academy Buildings

      Church and learning academy buildings for sale in Daphne, AL.
      9585 Milton Jones Road, Daphne, AL 36526
      View Details
    • $895,000
      1,527 SF

      1,780 SF Office Bldg with Hwy 98 Frontage For Sale in Daphne

      Completely renovated office building with ample parking and conference room.
      1001 randall avenue, Daphne, AL 36526
      View Details
    • $4,350,000
      40,000 SF

      Daphne Retail/Distribution Facility For Lease

      40,000 SF retail/distribution facility in Daphne, Alabama.
      27220 Us Highway 98, Daphne, AL
      View Details
    • $1,650,000
      14,380 SF

      14,380 SF Open-Concept Office & Light Warehouse For Sale OR For Lease

      14,380 SF office and warehouse on 1.97 acres.
      25883 Friendship Road, Daphne, AL 36526
      View Details
    • $1,799,000
      4,984 SF

      2,280 SF PRICE IMPROVEMENT! 28791 US Highway 98 Retail For Sale

      Retail property on US-98 with strong tenant and high visibility.
      28791 US-98, Daphne, AL 36526
      View Details
    • $1,799,000
      4,984 SF

      2,280 SF PRICE IMPROVEMENT! 28791 US Highway 98 Retail For Sale

      Retail property on US-98 with strong tenant and high visibility.
      28791 US-98, Daphne, AL 36526
      View Details
    • $3,275,000
      7,000 SF

      7,000 SF Warehouse/Retail on 3.2 Acres For Sale, HWY 181 Spanish Fort

      7,000 SF building on 3.2 acres with high visibility.
      State Highway 181, Daphne, AL 36527
      View Details
    • $3,275,000
      7,000 SF

      7,000 SF Warehouse/Retail on 3.2 Acres For Sale, HWY 181 Spanish Fort

      7,000 SF building on 3.2 acres with high visibility.
      State Highway 181, Daphne, AL 36527
      View Details

    FAQs

    What type of property is this?
    Warehouse - 2,127 SF Office Building and Office Warehouse For Sale
    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.
    (850) 564-0120
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!