Daphne Office Building For
For Sale
Contact for pricing
9052 Independence Ave., Daphne, AL 36526
7,320 SF office building in a desirable Daphne location.
Property Size7,320 SF
Lot Size0.64 Acres
Price / SF$135.25
Days on Market155
Property Features for 9052 Independence Ave.
General Information
Standard status
Active
Size
7,320 SF
Class
B
Total Parking Spaces
27
Lot size
0.64 Acres
Property subtype
Office
Zoning
County B1/Daphne Planning Jurisdiction
Building Details
Year Built
2003
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Listing Agency:
Bellator Real Estate
(251) 458-8202
Listed By:
David Milstead · License #AL 000074859
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Bellator Real Estate
Investment Insights
Based on property information with market context.
This 7,320 square foot office building is located in Daphne, Alabama, near Highway 13, Lake Forest, and Interstate 10. Situated on a 149-foot by 188-foot parcel of land, the building features a layout of 50% offices and 50% open space. There are 27 parking spaces available. The property is suitable for a single user or can be easily divided. It may be suitable for medical practices or real estate businesses. The previous tenant was Pharmerica.
Key Highlights
- 7320 sf Office Building in a desirable Daphne location near Lake Forest and I‑10.
- Versatile space: 50% offices, 50% open area, easily adaptable for single or multiple tenants.
- Ample parking with 27 spaces available.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,380
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,707,600
$1.7M
Cap Rate 7%
$1,219,714
$1.2M
Cap Rate 9%
$948,667
$948.7K
Market Conditions
NOI Build-Up for 7,320 SF
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.
Gross rent
$140.5K $19.20/SF
− Vacancy
−$26.7K −$3.65/SF
EGI
$113.8K $15.55/SF
− OpEx
−$28.5K −$3.89/SF
NOI
$85.4K $11.66/SF
Area
Baldwin County, AL
Vacancy
19.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,707,600
Cap Rate 7%
$1,219,714
Cap Rate 9%
$948,667
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,380 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,222 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 7,320 SF office building in a desirable Daphne location.
Where is this office building located?
The property is located at 9052 Independence Ave. Daphne, AL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 7320 sf Office Building in a desirable Daphne location near Lake Forest and I‑10.; Versatile space: 50% offices, 50% open area, easily adaptable for single or multiple tenants.; Ample parking with 27 spaces available.
