Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    851 US-98 Daphne, AL 36526

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3-acre commercial land with high-traffic frontage near national retailers.

    Type:LAND
    Lot size:
    3.00 Acres
    Added:
    Jan 10, 2025
    Days on Market:
    476
    Last Refresh:
    Apr 5 at 8:50 pm

    Property Features for 851 US-98

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Tim Herrington
    Tim Herrington

    Listing agent Tim Herrington License #71902

    Listing office Herrington Realty, Inc

    Listing date Jan 10, 2025

    Source Moodyscre

    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

    Overview

    Prime Land Parcel in Daphne

    This offering presents the opportunity to purchase approximately 3 acres of land in Daphne, Alabama. The property is an outparcel to a new construction Tractor Supply, featuring commercial frontage on Highway 98, which experiences over 36,000 vehicles per day. The parcel is surrounded by national retailers, including Target, Harbor Freight, Chick Fil A, Popeyes, and Staples. Situated along the eastern shore of Mobile Bay, Daphne provides convenient access to major highways and the city of Mobile. Baldwin County, where Daphne is located, is experiencing rapid growth in Alabama, characterized by a thriving economy and an increasing population. This growth, combined with Daphne’s high quality of life and supportive business environment, ensures a strong customer base and promising potential for commercial success.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -87.8897
    Latitude
    30.5467

    Nearby Similar for Sale

    • $450,000

      Scenic Waterfront Land Opportunity

      37.5 acres with 2,500 feet of Fish River frontage.
      Montelucia Way, Daphne, AL 36526
      View Details
    • $649,999
      3,960 SF

      Seacliff Area Multifamily Investment

      Four-unit multifamily property with income potential in Daphne, Alabama.
      28520 2nd Street, Daphne, AL 36526
      View Details
    • $479,900

      Bay View Residential Lot

      Residential lot with bay views and deeded bay access.
      24168 Bay Shore Drive, Daphne, AL 36526
      View Details
    • $199,900

      Daphne Acreage in Prime Location

      1.35-acre lot in Daphne, close to amenities and conveniences.
      1308 Daphne Avenue, Daphne, AL 36526
      View Details
    • $795,000

      Highway 181 Multi-Residential Land

      7.8 acres zoned multi-residential with renovation-needed home and outbuildings.
      27103 State Highway 181, Daphne, AL 36526-4047
      View Details
    • $60,000

      Daphne, AL Wooded Lot

      Undeveloped wooded lot in Daphne, AL near Hwy 98.
      711 Daphmont Drive, Daphne, AL 36526
      View Details
    • $899,900

      Waterfront Land Ready to Build

      Cleared bayfront homesite with approved plans for luxury home.
      6227 Van Buren Street, Daphne, AL 36526
      View Details
    • $7,000

      Residential Lot in Lake Forest

      Wooded lot in established community with fantastic amenities.
      112 Hillcrest Circle, Daphne, AL 36526
      View Details
    • $1,395,000

      Waterfront Land with Bay Views

      2.31 acre waterfront property with 154' bay frontage.
      337 Grays Lane, Daphne, AL 36526
      View Details
    • $95,000

      Residential Lot in Gated Community

      0.66 acre lot in gated Daphne community.
      0 Beau Chene Court, Daphne, AL 36526
      View Details
    • $7,000

      Residential Lot in Lake Forest

      Wooded lot in established community with many amenities.
      112 Hillcrest Circle, Daphne, AL 36526
      View Details
    • $899,900

      Waterfront Land on Mobile Bay

      Rare bayfront homesite with approved plans for luxury coastal home.
      6227 Van Buren Street, Daphne, AL 36526
      View Details

    FAQs

    What type of property is this?
    Land - 3-acre commercial land with high-traffic frontage near national retailers.
    Where is this land located?
    The property is located at 851 US-98 Daphne, AL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Prime commercial frontage on Highway 98 with high traffic volume (36,000+ vehicles per day).; Located in Daphne, Alabama, one of the fastest‑growing counties in Alabama.; Outparcel to a new construction Tractor Supply.
    (251) 510-2277 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Herrington
    Tim Herrington
    Real Estate License ID: 71902
    Learn More
    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

    851 US-98, Daphne, AL

    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!