Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6890 Us Highway 90 Daphne, AL 36526

    Sponsored
    For Lease
    $23 SF/Yr

    High-traffic retail space available in Daphne, AL

    Lot size:
    360,304 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This prime retail space, located at 6890 US-90, Suite J10, Daphne, AL 36526, offers 21,250 square feet of vacant space within a larger 360,304 square foot shopping center. The property, built in 1993, sits on 8.16 acres of land and features a single story building. Minimum leasable space is 1,250 square feet. The center boasts a strong tenant mix, including Dick's Sporting Goods, Ulta, TJ Maxx, Petco, Office Depot, Fresh Market, and Hobby Lobby, ensuring high visibility and foot traffic. Its strategic location directly on Highway 90 provides easy access to I-10 and Highway 98, benefiting from a combined daily traffic count of 67,000 vehicles. Nearby retailers include Bass Pro Shops, JC Penney, Kohl's, Dillard's, and Belk, further solidifying the area's robust retail environment. This presents a unique opportunity for businesses seeking high-traffic exposure in a thriving Baldwin County market. The property is classified as a retail power center with multiple tenancies.

    Property Features for 6890 Us Highway 90

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    360,304 SF
    Total Rate
    690582.67

    Building Details

    Year Built
    1993
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,250 SF
    Rate per SF
    $27

    We can help!

    Listing Contact
    Joe Burton

    Learn more

    Property Insight Report

    HighLights

    • Retail and restaurant spaces available for lease in Daphne, AL's Jubilee Square Shopping Center.
    • High traffic counts: 64,365 VPD on I‑10, 21,656 on US Hwy 90, and 43,667 on US Hwy 98 (2021 data).
    • Excellent visibility and accessibility from three major roadways (I‑10, US Hwy 90, US Hwy 98).
    • Signalized access from US Hwy 90 to I‑10.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.904670836018
    Latitude
    30.654038699004

    Nearby Similar for Lease

    • $17 SF/Yr
      20,335 SF

      Daphne Retail Space - Jubilee Square

      High-traffic retail space, ideal location.
      6850 US-90, Daphne, AL 36526
      View Details
    • $575 /Mo
      322 SF

      Daphne Office Suite For Lease

      322 SF Office, Hwy 98, Updated Suite
      1203 US Hwy 98, Daphne, AL 36526
      View Details
    • $27 SF/Yr
      7,200 SF

      Malbis Build-to-Suit Opportunity

      7,200 SF build-to-suit opportunity in a high-growth area.
      Papageorge St, Daphne, AL 36526
      View Details
    • $3,500 /Mo
      1,552 SF

      Prime Retail Space on US-98

      High-visibility Daphne retail space available for short-term lease.
      1903 Us-98, Daphne, AL
      View Details
    • $4,875,000
      40,000 SF

      Daphne Retail/Distribution Facility For Lease

      40,000 SF retail/distribution facility in Daphne, Alabama.
      27220 Us Highway 98, Daphne, AL 36526
      View Details
    • $1,800 /Mo
      2,300 SF

      Office/Warehouse Unit in TK Business Park

      Versatile office/warehouse unit in accessible TK Business Park.
      1014 Stanton Rd, Daphne, AL 36526
      View Details
    • $23 SF/Yr
      2,031 SF

      Prime Retail Space on Highway

      New retail and commercial space for lease on US Highway.
      1701 Us-98, Daphne, AL
      View Details
    • $2,475 /Mo
      2,500 SF

      Daphne Office/Warehouse Space Available

      Clean, well-maintained office/warehouse space in established business park.
      26149 Capital Dr, Daphne, AL 36526
      View Details
    • $27 SF/Yr
      1,636 SF

      Daphne Retail Space - High Traffic Location

      Prime Daphne retail space, 1636 sq ft, NNN lease.
      1539 US-98, Daphne, AL 36526
      View Details
    • $10 SF/Yr
      13,420 SF

      Daphne, AL Industrial Space For Sale/Lease

      Spacious industrial property; ideal for diverse uses.
      25883 Friendship Road, Daphne, AL 36526
      View Details
    • $27 SF/Yr
      1,250 SF

      Daphne Retail Space - Jubilee Square

      1250 sq ft retail space, prime Daphne location.
      6850 US-90, Daphne, AL 36526
      View Details
    • $18 SF/Yr
      2,000 SF

      Daphne Retail Space - Ace Hardware Co-Tenancy

      High-traffic Daphne location; 2000 sq ft; NNN lease.
      10058 Belgrove Ave, Daphne, AL 36526
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space available in Daphne, AL
    Where is this retail property located?
    The property is located at 6890 Us Highway 90 Daphne, AL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Retail and restaurant spaces available for lease in Daphne, AL's Jubilee Square Shopping Center.; High traffic counts: 64,365 VPD on I-10, 21,656 on US Hwy 90, and 43,667 on US Hwy 98 (2021 data).; Excellent visibility and accessibility from three major roadways (I-10, US Hwy 90, US Hwy 98).
    Request Owner's contact information
    6890 Us Highway 90 Daphne, AL 36526
    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.
    6890 Us Highway 90
    Daphne, AL 36526
    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
    6890 Us Highway 90 Daphne, AL 36526
    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

    We can help!
    Listing Contact
    Joe Burton
    Real Estate License ID: AL 99121
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.