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

    2304 Main St Daphne, AL 36526

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $2,200,000

    Prime Daphne location, 3,500 SF retail space, 2 acres.

    Property size:
    3,500 SF

    Property Features for 2304 Main St

    General Information

    Property type
    Other retail properties
    Square Feet
    3,500 SF
    Price / Square Foot
    $628
    Elevators
    N/A
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1940
    Buildings
    2
    Stories
    2

    Overview

    Daphne Retail Space on Highway

    Located on Highway 98 in Daphne, Alabama, this commercial property features a 3,500 square foot building situated on a 2-acre lot, providing ample parking and potential for future expansion. The two-story, single-tenant building offers a flexible layout suitable for various retail or office uses. Its location on Highway 98 ensures high visibility and exposure to a high volume of traffic. The property is a freestanding building with excellent accessibility and ample space for parking or future development. The property is located in Daphne, Alabama.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • Prime 3,500 sq ft retail space on Hwy 98 in Daphne, AL.
    • Two‑story building on a spacious 2‑acre lot, offering ample parking.
    • High‑traffic location ideal for owner‑operators seeking a visible storefront.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Southern Napa Fine ... Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    State
    Alabama
    Longitude
    -87.902156
    Latitude
    30.611702

    Nearby Similar for Sale

    • $1,500,000
      15,000 SF

      Highway 98 Commercial Building

      Versatile commercial building in Daphne with showroom, office, and warehouse.
      28007 Us Highway 98, Daphne, AL 36526
      View Details
    • $4,000,000
      3.20 Acres

      Daphne, AL Church For Sale

      Church and learning academy buildings for sale in Daphne, Alabama.
      9585 Milton Jones Rd, Daphne, AL 36526
      View Details
    • $1,600,000
      19,800 SF

      Stabilized Self-Storage Facility For Sale

      Recently constructed self-storage facility with expansion potential in Daphne, Alabama.
      26246 Pollard Rd, Daphne, AL 36526
      View Details
    • Contact for pricing
      2,500 SF

      New Chipotle Restaurant For Sale

      New construction Chipotle restaurant with a corporate-backed 15-year lease.
      914 Van Ave, Daphne, AL 36526
      View Details
    • $895,000
      1,527 SF

      Daphne Office Building - Hwy 98 Frontage

      High-traffic location, renovated office space.
      1001 randall avenue, Daphne, AL 36526
      View Details
    • $569,000
      2,127 SF

      Daphne Office & Warehouse Investment

      Prime Hwy 98 location, high visibility.
      28216 US-98, Daphne, AL 36526
      View Details
    • $569,000
      2,127 SF

      Daphne Office & Warehouse Investment Opportunity

      High-visibility Hwy 98 location, excellent income potential.
      28216 US-98, Daphne, AL 36526
      View Details
    • $2,200,000
      22,039 SF

      Daphne Office Building - 19,945 SF

      Turn-key office building, ideal for Eastern Shore business.
      25366 Profit Dr, Daphne, AL 36526
      View Details
    • $1,650,000
      14,380 SF

      Daphne, AL Industrial Space For Sale/Lease

      14,380 SF Office & Warehouse; Sale or Lease Option
      25883 Friendship Road, Daphne, AL 36526
      View Details
    • Contact for pricing
      1,567 SF

      Spacious Townhome with Modern Amenities

      Well-maintained 3-bedroom townhome with updated features and community amenities.
      25806 Pollard Rd, Daphne, AL 36526
      View Details
    • $4,500,000
      27,317 SF

      Daphne, AL Specialty Building

      Exceptional 27,317 SF property, ideal for diverse uses.
      9585 Milton Jones Rd, Daphne, AL 36526
      View Details
    • $1,900,000
      1.20 Acres

      Daphne Medical Office Building

      Prime Medical Office, Excellent Location
      6631 Park Dr, Daphne, AL 36526
      View Details

    FAQs

    What type of property is this?
    Other retail property - Prime Daphne location, 3,500 SF retail space, 2 acres.
    Where is this other retail property located?
    The property is located at 2304 Main St 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: Prime 3,500 sq ft retail space on Hwy 98 in Daphne, AL.; Two-story building on a spacious 2-acre lot, offering ample parking.; High-traffic location ideal for owner-operators seeking a visible storefront.
    (850) 564-0120
    Request Owner's contact information
    2304 Main St Daphne, AL 36526
    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.
    2304 Main St
    Daphne, AL 36526
    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
    2304 Main St Daphne, AL 36526
    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

    We can help!
    Listing Contact
    Paul Salter
    (850) 564-0120
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!