Fenced Flex Space
New
For Sale
$2,200,000
10554 County Road 64, Daphne, AL 36526
Two-building commercial facility with paved access, office areas, warehouse space, truck loading, and a secured rear yard.
Property Size18,000 SF
Lot Size3.00 Acres
Price / SF$122.22
Days on Market2
Property Features for 10554 County Road 64
General Information
Standard status
Active
Size
18,000 SF
Lot size
3.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Office Build-Out
2,000 SF
Building Details
Buildings
2
Listing Agency:
Shamrock Properties, LLC
Listed By:
David Kahalley · License #1096_10
(251) 533-9033
Source:
Thekimandbrianteam
Added: Sep 20
Last Checked: Sep 20 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shamrock Properties, LLC
Investment Insights
Based on property information with market context.
This 18,000-square-foot flex property spans 3 usable acres and includes two principal buildings. The County Road 64 building contains approximately 2,000 square feet of office space attached to a 10,000-square-foot warehouse, with paved parking at the front. A separate 6,000-square-foot metal building provides a small heated and cooled office, recessed dock well loading, and a fully fenced paved yard with room for 18-wheelers and multiple vehicles.
The rear building can be reached from County Road 64 or through a separate deeded paved ingress and egress road from Austin Road. The property is close to I-10 and approximately one mile from Hwy 181. It is currently occupied through the first week of December 2026, with the lease transferring to the buyer.
The rear building can be reached from County Road 64 or through a separate deeded paved ingress and egress road from Austin Road. The property is close to I-10 and approximately one mile from Hwy 181. It is currently occupied through the first week of December 2026, with the lease transferring to the buyer.
Key Highlights
- 18,000 square feet across two main buildings on 3 usable acres
- Front building includes approximately 2,000 square feet of office space and a 10,000‑square‑foot warehouse
- Rear building is a 6,000‑square‑foot metal structure with a recessed dock well
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,612
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,272,240
$2.3M
Cap Rate 7%
$1,623,029
$1.6M
Cap Rate 9%
$1,262,356
$1.3M
Market Conditions
NOI Build-Up for 18,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$140.4K $7.80/SF
− Vacancy
−$6.7K −$0.37/SF
EGI
$133.7K $7.43/SF
− OpEx
−$20.0K −$1.11/SF
NOI
$113.6K $6.31/SF
Area
Baldwin County, AL
Vacancy
4.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,272,240
Cap Rate 7%
$1,623,029
Cap Rate 9%
$1,262,356
Alternative Uses
Best Use
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,612 @ 7.0% cap · market cap 5.16%
Second Best
Flex RnD
$1.52M
$1.33M – $1.78M
NOI $106,627 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $303,005 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36526, AL
35,720
Population
14,074
Households
2.5
Avg Household Size
40
Median Age
43%
College-Educated
94%
High-School Grad
37.7 sq mi
ZIP Area
947
Density / Sq Mi
$90,733
Median Household Income
$50,049
Median Earnings
$1,353
Median Rent
$311,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial facility with paved access, office areas, warehouse space, truck loading, and a secured rear yard.
Where is this flex space located?
The property is located at 10554 County Road 64 Daphne, AL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 18,000 square feet across two main buildings on 3 usable acres; Front building includes approximately 2,000 square feet of office space and a 10,000‑square‑foot warehouse; Rear building is a 6,000‑square‑foot metal structure with a recessed dock well
