Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Daphne Office Building For Sale Title is generated by Realmo AI

    6631 Park Dr, Daphne, AL 36526

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office building located off Hwy 98 in Daphne, Alabama.

    Type:Office
    Property size:
    14,837 SF
    Price / SF:
    $134/SF
    Added:
    Dec 29, 2023
    Days on Market:
    889
    Last Refresh:
    May 12 at 10:40 pm

    Property Features for 6631 Park Dr

    General Information

    Standard status
    Active
    Size
    14,837 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Keith Shamblin

    Listing agent Keith Shamblin License #AL

    Listing office Shannon Waltchack

    Listing date Dec 29, 2023

    Source Crexi

    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 Shannon Waltchack

    HighLights

    • Located off Hwy 98 in Daphne, AL
    • Minutes away from Spanish Fort
    • Minutes away from Mobile
    • Near dense, affluent residential areas

    Overview

    Located off of Hwy 98 in Daphne, Alabama, this office building is situated minutes away from Spanish Fort, Mobile, and other dense, affluent residential areas. The property encompasses 14,837 square feet.

    Local Financial Insights For Office B

    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 $284.9k $19.20
    − Vacancy −$54.1k −$3.65
    EGI $230.7k $15.55
    − OpEx −$57.7k −$3.89
    NOI $173.1k $11.66
    14,837 SF · lease $19.20/SF/yr · vacancy 19.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.47M
    $2.16M – $2.88M (±1% cap)
    NOI $173,059 @ 7.0% cap · market cap 8.65%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.57M
    $3.12M – $4.16M (±1% cap)
    NOI $249,760 @ 7.0% cap · market cap 12.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cynthia Harbaugh Pediatrician Mark Robinson Pediatrician Dr. William Roy Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9094084
    Latitude
    30.6307376

    Nearby Similar for Sale

    • $649,999
      3,960 SF

      4-Unit Multifamily Property

      Four separately metered units with recent improvements and a 2025 roof, offered for sale in Daphne.
      1106 2nd Street, Daphne, AL 36526
      View Details
    • $2,100,000
      6,500 SF

      Daphne Automotive/Retail/Flex Opportunity

      Adaptable building on high-traffic Main Street, suitable for various uses.
      1909 Main Street, Daphne, AL 36526
      View Details
    • $699,000
      3,283 SF

      Loma Alta Custom Double Unit

      Premium location, exquisite views, and luxurious amenities in Daphne, AL.
      100 Tower Drive 903, Daphne, AL 36526
      View Details
    • $5,200,000
      25,478 SF

      Multi-Building Flex and Warehouse

      Multi-building industrial and warehouse setup with covered storage and existing leases along a major highway corridor.
      913 Main St, Daphne, AL 36526
      View Details
    • $750,000
      2,668 SF

      Brewery-Ready Building on Highway 31

      2,668 SF brewery/hospitality building on 0.62 acres, move-in ready.
      11133 US Highway 31, Daphne, AL
      View Details
    • $4,000,000
      27,317 SF

      Daphne Church and Academy Buildings

      Church and learning academy buildings for sale in Daphne, AL.
      9585 Milton Jones Road, Daphne, AL 36526
      View Details
    • $4,350,000
      40,000 SF

      Daphne Retail/Distribution Facility For Lease

      40,000 SF retail/distribution facility in Daphne, Alabama.
      27220 Us Highway 98, Daphne, AL
      View Details
    • $990,000
      7,320 SF

      Daphne Office Building For Sale

      7,320 SF office building in a desirable Daphne location.
      9052 Independence Ave., Daphne, AL 36526
      View Details
    • $1,799,000
      4,984 SF

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

      Retail property on US-98 with strong tenant and high visibility.
      28791 US-98, Daphne, AL 36526
      View Details
    • $3,275,000
      7,000 SF

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

      7,000 SF building on 3.2 acres with high visibility.
      State Highway 181, Daphne, AL 36527
      View Details
    • $1,600,000

      Stabilized Self-Storage Investment Opportunity

      Self-storage facility in Daphne, Alabama with expansion potential.
      26246 Pollard Road, Daphne, AL 36526
      View Details
    • $2,583,000
      2,250 SF

      Daphne Popeyes NNN Investment Opportunity

      New 20-year NNN lease with attractive rental escalations.
      1511 US-98, Daphne, AL 36526
      View Details

    FAQs

    What type of property is this?
    Office building - Office building located off Hwy 98 in Daphne, Alabama.
    Where is this office building located?
    The property is located at 6631 Park Dr Daphne, AL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Located off Hwy 98 in Daphne, AL; Minutes away from Spanish Fort; Minutes away from Mobile
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Keith Shamblin
    Real Estate License ID: AL
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    6631 Park Dr, Daphne, AL 36526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!