Building Details

Buildings 1

Building Size 4,500 SF

Abandoned No

Listing Agency: Stirling Properties | Mobile Show Phone

Listed By: Steadman Bethea · License #SL3438675 Show Phone

Source: Moodyscre

Added: Aug 24 Changed: Oct 12 Last Checked: Oct 12 at 10:13PM

Report an Issue

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 Stirling Properties | Mobile

Investment Insights

Based on property information with market context.

This retail property includes an approximately 4,500 SF commercial building on approximately 0.53 acres. The site is zoned B-2 and offers frontage along US Highway 98, with access and exposure suited to a range of commercial operations.

The property is positioned in Daphne, Alabama, within one of Baldwin County’s strongest commercial corridors. The building is identified as suitable for retail, office, automotive, showroom, and service-related uses, providing flexibility for businesses seeking a highway-oriented location.

Key Highlights

• Approximately 4,500 SF commercial building
• Approximately 0.53 acres
• B‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,422

Cap Rate

4.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$968,440 $968.4K

Cap Rate 7%

$691,743 $691.7K

Cap Rate 9%

$538,022 $538.0K

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$75.6K $16.80/SF

− Vacancy

−$6.4K −$1.43/SF

EGI

$69.2K $15.37/SF

− OpEx

−$20.8K −$4.61/SF

NOI

$48.4K $10.76/SF

Area

Baldwin County, AL

Vacancy

8.50%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$968,440

Cap Rate 7%

$691,743

Cap Rate 9%

$538,022

Alternative Uses

Best Use

Retail

$691.7K

$605.3K – $807.0K (±1% cap)

NOI $48,422 @ 7.0% cap · market cap 4.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.08M

$946.9K – $1.26M (±1% cap)

NOI $75,751 @ 7.0% cap · market cap 6.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply HVAC Service Grocery & Convenience Store Kitchen & Bath Showroom Hotel & Motel Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

554

Businesses Nearby

71k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 46% Dining 34% Office Supplies 9% Electronics 9%

Shell Shops & Services

9,614 visits/mo 0.4 miles

SONIC Drive In Dining

7,369 visits/mo 0.4 miles

Chicken Salad Chick Dining

6,387 visits/mo 0.4 miles

Staples Office Supplies

6,281 visits/mo 0.4 miles

AT&T Electronics

6,009 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Warehouse Storage and Retail Units

913 US HWY 98, Daphne, AL 36526

Contact for pricing

25,478 SF

View details

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

28791 US-98, Daphne, AL 36526

$1,799,000

4,984 SF

View details

Automotive Service Building

1909 Main Street, Daphne, AL 36526

$2,100,000

0.89 Acres

View details

Storefront Property

26032 Capital Drive, Daphne, AL 36526

$1,700,000

View details

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

State Highway 181, Daphne, AL 36527

$3,275,000

7,000 SF

View details

Standalone Office Building

1001 Randall Avenue, Daphne, AL 36526

$849,000

0.90 Acres

View details

Fenced Flex Space Property

10554 County Road 64, Daphne, AL 36526

$2,200,000

18,000 SF

View details

Four-Tenant Office Building

8757 Rand Ave, Daphne, AL 36526

Contact for pricing

7,700 SF

View details

New Chipotle Restaurant For Sale

914 Van Ave, Daphne, AL

Contact for pricing

2,500 SF

View details

Daphne Church and Academy Buildings

9585 Milton Jones Rd, Daphne, AL 36526

$4,000,000

27,317 SF

View details

Retail-Distribution Facility with Warehouse

27220 Us Highway 98, Daphne, AL 36526

Contact for pricing

40,000 SF

View details

Frequently Asked Questions

What type of property is this?

Retail space - US Highway 98 frontage provides access and exposure within a strong commercial corridor.

Where is this retail space located?

The property is located at 2106 US Highway 98 Daphne, AL.

What is the asking price?

The asking price for this property is $1,180,000.

What are key features of this property?

This property features: Approximately 4,500 SF commercial building; Approximately 0.53 acres; B‑2 zoning