Retail-Distribution Facility with
27220 Us Highway 98 Daphne, AL 36526
For Sale
Contact for pricing
Facility features a split setup with retail frontage and an attached warehouse portion totaling approximately 40,000 SF.
Property Size40,000 SF
Price / SF$97.50
Days on Market401
Property Features for 27220 Us Highway 98
General Information
Standard status
Active
Size
40,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Herrington Realty, Inc
(251) 490-6995
Listed By:
Colby Herrington, CCIM · License #71902
(251) 490-6995
Source:
Moodyscre
Added: Jun 23, 2025
Changed: Jul 25
Last Checked: Jul 27 at 12:52PM
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 Herrington Realty, Inc
Investment Insights
Based on property information with market context.
This retail/distribution facility is configured in two sections: approximately 24,000 SF of retail storefront and approximately 16,000 SF of warehouse space. The overall offering is intended to support businesses needing both customer-facing retail presence and back-of-house distribution or storage capacity.
The property is located just off U.S. Highway 98 in Daphne, Alabama, with access to the Interstate only a couple minutes to the north. Daphne sits along the eastern shore of Mobile Bay, providing convenient connectivity to major highways and the nearby city of Mobile within Baldwin County.
The property is located just off U.S. Highway 98 in Daphne, Alabama, with access to the Interstate only a couple minutes to the north. Daphne sits along the eastern shore of Mobile Bay, providing convenient connectivity to major highways and the nearby city of Mobile within Baldwin County.
Key Highlights
- Approx. 40,000 SF retail/distribution facility in Daphne, AL
- Split layout: approx. 24,000 SF retail storefront with attached warehouse portion
- Warehouse portion is approx. 16,000 SF
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $312.0k | $7.80 |
| − Vacancy | −$15.0k | −$0.37 |
| EGI | $297.0k | $7.43 |
| − OpEx | −$44.6k | −$1.11 |
| NOI | $252.5k | $6.31 |
40,000 SF · lease $7.80/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Retail
$6.15M
$5.38M – $7.17M
NOI $430,416 @ 7.0% cap · market cap 11.04%
Second Best
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,470 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$9.62M
$8.42M – $11.22M
NOI $673,344 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Facility features a split setup with retail frontage and an attached warehouse portion totaling approximately 40,000 SF.
Where is this flex space located?
The property is located at 27220 Us Highway 98 Daphne, AL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Approx. 40,000 SF retail/distribution facility in Daphne, AL; Split layout: approx. 24,000 SF retail storefront with attached warehouse portion; Warehouse portion is approx. 16,000 SF
