Warehouse Storage and Retail
For Sale
Contact for pricing
913 US HWY 98, Daphne, AL 36526
Two retail units plus over 45,000 SF of warehouse or open shed storage on a truck-accessible site.
Property Size25,478 SF
Lot Size6.00 Acres
Price / SF$204.10
Days on Market145
Property Features for 913 US HWY 98
General Information
Standard status
Active
Size
25,478 SF
Lot size
6.00 Acres
Property subtype
Retail, Mixed Use, Special Purpose
Zoning
B2
Building Details
Year Built
1972
Buildings
12
Stories
1
Units
30
Listing Agency:
Ashurst & Niemeyer
Listed By:
Randall Niemeyer · License #AL 000032493
(251) 928-9265
Source:
Crexi
Added: May 29
Changed: Oct 15
Last Checked: Oct 19 at 6:43AM
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
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Investment Insights
Based on property information with market context.
This property includes two retail units totaling 25,478 SF, with Unit 1 at 19,878 SF and Unit 2 at 5,600 SF. In addition to the retail space, the site offers over 45,000 SF of warehouse or open shed storage built for flexible storage and distribution needs. The property sits on 6 acres and is laid out to support heavy truck movements.
Located on US Highway 98 in Daphne, AL, the site is designed for efficient delivery operations, with accommodations intended for 18-wheelers and bobtail delivery trucks. The overall layout reflects a functional relationship between the retail space and the storage areas.
For tenants, operators, or buyers looking for a combined retail-plus-storage setup, this configuration can support businesses that need product on hand while maintaining dedicated retail space. The truck-oriented site planning and substantial warehouse/open shed storage area may fit users requiring regular deliveries and durable off-site or outdoor storage options alongside a retail storefront presence.
Located on US Highway 98 in Daphne, AL, the site is designed for efficient delivery operations, with accommodations intended for 18-wheelers and bobtail delivery trucks. The overall layout reflects a functional relationship between the retail space and the storage areas.
For tenants, operators, or buyers looking for a combined retail-plus-storage setup, this configuration can support businesses that need product on hand while maintaining dedicated retail space. The truck-oriented site planning and substantial warehouse/open shed storage area may fit users requiring regular deliveries and durable off-site or outdoor storage options alongside a retail storefront presence.
Key Highlights
- Two retail units totaling 19,878 SF (Unit 1: 5600 SF for Unit 2; Unit 2: 5600 SF as listed)
- Over 45,000 SF of warehouse or open shed storage on 6 acres
- Site layout designed for truck traffic, accommodating 18‑wheelers and bobtail delivery trucks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,153
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,483,060
$5.5M
Cap Rate 7%
$3,916,471
$3.9M
Cap Rate 9%
$3,046,144
$3.0M
Market Conditions
NOI Build-Up for 25,478 SF
Gross rent
$428.0K $16.80/SF
− Vacancy
−$36.4K −$1.43/SF
EGI
$391.6K $15.37/SF
− OpEx
−$117.5K −$4.61/SF
NOI
$274.2K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,483,060
Cap Rate 7%
$3,916,471
Cap Rate 9%
$3,046,144
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two retail units plus over 45,000 SF of warehouse or open shed storage on a truck-accessible site.
Where is this flex space located?
The property is located at 913 US HWY 98 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: Two retail units totaling 19,878 SF (Unit 1: 5600 SF for Unit 2; Unit 2: 5600 SF as listed); Over 45,000 SF of warehouse or open shed storage on 6 acres; Site layout designed for truck traffic, accommodating 18‑wheelers and bobtail delivery trucks
