Multi-Building Flex and
913 Main St Daphne, AL 36526
913 Main St, Daphne, AL, 36526
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For Sale
Contact for pricing
Multi-building industrial and warehouse setup with covered storage and existing leases along a major highway corridor.
Property Size25,478 SF
Price / SF$204.10
Days on Market66
Property Features for 913 Main St
General Information
- Standard status
- Active
- Size
- 25,478 SF
- Property subtype
- RETAIL
Listing Agency
Ashurst & Niemeyer
(251) 232-2637
Listed by
Randy Niemeyer · License #71938
(251) 232-2637
Source
Moodyscre
Added: May 15 Checked: Jul 19 at 4:41 am
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 Ashurst & Niemeyer
Investment Insights
Based on property information with market context.
This multi-building flex and warehouse property is positioned for a practical mix of uses, featuring a primary retail building of 19,878 square feet and a secondary 5,600-square-foot building. Beyond the retail structures, the site includes 10 additional buildings spread across nearly 6 acres, providing a total of 45,151 square feet of warehouse or shed space. Covered storage is also available, supporting operations that need flexible yard and building capacity.
The property is located on the busy US Hwy 98 corridor along the Eastern Shore, with approximately 350 feet of frontage on US Hwy 98. The listing notes that existing leases are in place, which may appeal to investors seeking income while maintaining flexibility for future use of the improvements.
With multiple buildings and covered storage, the site can fit a range of tenant and owner-operator needs, from distribution and storage-focused business models to occupants that require both retail-facing presence and back-of-house warehouse space. For buyers and tenants, the combination of frontage, varied structures, and current leasing coverage provides a strong foundation for planning next steps. Please contact the listing agents for lease and operating details.
The property is located on the busy US Hwy 98 corridor along the Eastern Shore, with approximately 350 feet of frontage on US Hwy 98. The listing notes that existing leases are in place, which may appeal to investors seeking income while maintaining flexibility for future use of the improvements.
With multiple buildings and covered storage, the site can fit a range of tenant and owner-operator needs, from distribution and storage-focused business models to occupants that require both retail-facing presence and back-of-house warehouse space. For buyers and tenants, the combination of frontage, varied structures, and current leasing coverage provides a strong foundation for planning next steps. Please contact the listing agents for lease and operating details.
Key Highlights
- Multi‑building industrial/warehouse property on the US Hwy 98 corridor with approximately 350' of frontage
- Primary retail/warehouse building totals 19,878 SF
- Secondary building totals 5,600 SF
Local Financial Insights For Retail
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 | $428.0k | $16.80 |
| − Vacancy | −$36.4k | −$1.43 |
| EGI | $391.6k | $15.37 |
| − OpEx | −$117.5k | −$4.61 |
| NOI | $274.2k | $10.76 |
25,478 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.92M
$3.43M – $4.57M
NOI $274,153 @ 7.0% cap · market cap 5.27%
Second Best
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,811 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$6.13M
$5.36M – $7.15M
NOI $428,886 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-building industrial and warehouse setup with covered storage and existing leases along a major highway corridor.
Where is this retail space located?
The property is located at 913 Main St Daphne, AL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Multi‑building industrial/warehouse property on the US Hwy 98 corridor with approximately 350' of frontage; Primary retail/warehouse building totals 19,878 SF; Secondary building totals 5,600 SF
