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    1203 US-98 Daphne, AL 36526

    Source: https://www.saltercompany.com
    For Lease
    $25 SF/Yr ($19,200 /Mo)

    Executive suites & coworking in thriving Market Place.

    Lot size:
    9,216 SF

    Description

    Added:
    Mar 11, 2025
    Days on Market:
    277
    This exceptional 9,216 square foot commercial property in Daphne, Alabama, presents a unique investment opportunity. Located at 1203 US-98, 36526, this freestanding building complex offers versatile space currently configured as executive suites and coworking areas. Boasting a high occupancy rate of 95-100%, the property generates strong, consistent income. The current lease structure is a gross lease with an annual rate of $25 per square foot. The building features multiple common areas, providing ample space for tenant interaction and collaboration. Its adaptable design allows for a variety of uses, making it ideal for both its current configuration and future retail or commercial ventures. The property's location within the bustling Market Place ensures high visibility and accessibility. With its proven track record and flexible layout, this property is an excellent choice for investors seeking a stable and potentially expanding income stream. The total usable square footage mirrors the rentable square footage at 9,216 square feet. This property is a turnkey operation ready for immediate income generation.

    Property Features for 1203 US-98

    General Information

    Property type
    Other office properties
    Lease Type
    Gross
    RSF (Rentable sq. ft)
    9,216 SF
    USF (Usable sq. ft)
    9,216 SF
    Class
    C
    Elevators
    N/A
    Total Rate
    19200

    Building Details

    Year Built/Renovated
    1980/2019
    Buildings
    1
    Stories
    2

    HighLights

    • 9,216 square feet of executive suites and coworking space available for lease.
    • Located in Daphne, Alabama, offering versatile space for various business needs.
    • Currently boasts 95‑100% occupancy, presenting a strong investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    State
    Alabama
    Longitude
    -92.061835
    Latitude
    30.169634

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    FAQs

    What type of property is this?
    Office property - Executive suites & coworking in thriving Market Place.
    Where is this office property located?
    The property is located at 1203 US-98 Daphne, AL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 9,216 square feet of executive suites and coworking space available for lease.; Located in Daphne, Alabama, offering versatile space for various business needs.; Currently boasts 95-100% occupancy, presenting a strong investment opportunity.
    (251) 928-5305
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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
    1203 US-98 Daphne, AL 36526
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