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    9585 Milton Jones Rd Daphne, AL 36526

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $4,500,000

    Exceptional 27,317 SF property, ideal for diverse uses.

    Property size:
    27,317 SF

    Description

    Added:
    Feb 4, 2025
    Days on Market:
    348
    This remarkable 27,317 square foot property, situated on 3.22 acres in Daphne, Alabama, presents a unique investment opportunity. The property comprises three buildings offering significant space for a variety of specialized ventures. The main building, constructed in 2012, functions as a sanctuary and includes a welcoming lobby, conference room, laundry facilities, offices, and ample storage. Two additional buildings, completed in 2017, boast eight classrooms, a gymnasium, a full kitchen, a second laundry room, and further storage areas. This versatile property is well-suited for religious organizations, educational institutions, fitness centers, performing arts programs, or other similar uses. The expansive grounds provide ample parking, ensuring convenient access for attendees and staff. Its peaceful setting, combined with convenient access to shopping, dining, and entertainment, makes it an attractive location. The property enjoys proximity to excellent schools, Mobile Bay, and offers easy commutes to both Mobile, Alabama, and Pensacola, Florida. This exceptional property offers a blend of functionality, space, and location, making it an ideal choice for a wide range of specialized businesses or organizations. The property's modern amenities and peaceful setting create an inviting atmosphere for events, services, or community programs.

    Property Features for 9585 Milton Jones Rd

    General Information

    Property type
    Other specialty properties
    Square Feet
    27,317 SF
    Price / Square Foot
    $164
    Total Parking Spaces
    100
    Elevators
    N/A
    Net Rentable
    27,317 SF
    Lot Size
    140,263 SF

    Building Details

    Year Built/Renovated
    2012/2017
    Buildings
    1
    Stories
    3

    We can help!

    Listing Contact
    Dianne Dianne

    Learn more

    Property Insight Report

    HighLights

    • Exceptional 27,317 sq ft property on 3.2 acres in Daphne, AL.
    • Three buildings, including a 2012 sanctuary and 2017 additions with classrooms and gym.
    • Ideal for diverse uses: religious, educational, fitness, or community events; ample parking.
    Location Intelligence

    Current Use by Public Records

    Restoration Fellowship Ministries Non-Denominational Church RFM LEARNING ACADEMY Day Care Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    State
    Alabama
    Longitude
    -87.859266
    Latitude
    30.597541

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    FAQs

    What type of property is this?
    Specialty property - Exceptional 27,317 SF property, ideal for diverse uses.
    Where is this specialty property located?
    The property is located at 9585 Milton Jones Rd Daphne, AL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Exceptional 27,317 sq ft property on 3.2 acres in Daphne, AL.; Three buildings, including a 2012 sanctuary and 2017 additions with classrooms and gym.; Ideal for diverse uses: religious, educational, fitness, or community events; ample parking.
    (251) 423-0325
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    9585 Milton Jones Rd Daphne, AL 36526
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    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
    9585 Milton Jones Rd Daphne, AL 36526
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    We can help!
    Listing Contact
    Dianne Dianne
    (251) 423-0325
    Learn more
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