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

    851 US-98 Daphne, AL 36526

    • Land
    For Sale
    View listing
    $2,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 851 US-98

    Property type
    Land
    Property subtype
    Commercial land

    Description

    Herrington Realty is pleased to present an exclusive opportunity to purchase 3 +/- acres of land in Daphne, Alabama. The property is an outparcel to a new construction Tractor Supply with commercial frontage on Highway 98, which sees over 36,000 vehicles per day. The 3-acre parcel is surrounded by national retailers including Target, Harbor Freight, Chick Fil A, Popeyes, Staples, and many more. The subject property is in Daphne, Alabama, situated along the eastern shore of Mobile Bay which provides easy access to major highways and the major city of Mobile. Baldwin County, home to Daphne, is one of the fastest-growing counties in Alabama with a thriving economy and increasing population. This growth, coupled with the Daphne’s high quality of life and supportive business environment ensures a strong customer base and promising potential for commercial success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    County
    State
    Alabama
    Longitude
    -87.9127
    Latitude
    30.637

    Comparable in this City

    • Value Estimation by Request

      1.8 Acres Land For Sale - Daphne Business Park - Lot 4

      1.8 Acres Land For Sale - Daphne Business Park - Lot 4
      0 stanton road, Daphne, AL 36526
      View Details
    • Value Estimation by Request

      5.2 Acres For Sale in Daphne Business Park

      5.2 Acres For Sale in Daphne Business Park
      0 profit drive, Daphne, AL 36526
      View Details
    • Value Estimation by Request

      26,400 SF Austin Place Commerical Park Lot For Sale

      26,400 SF Austin Place Commerical Park Lot For Sale
      Rand avenue, Daphne, AL 36526
      View Details
    • Value Estimation by Request

      2 - 25 Acres Corner of County Road 64 and County Road 54 For Sale

      2 - 25 Acres Corner of County Road 64 and County Road 54 For Sale
      0 county 64 road, Daphne, AL 36526
      View Details
    • Value Estimation by Request

      2.12 Acres Southeast Corner of Hwy 181 and CR64 For Sale

      2.12 Acres Southeast Corner of Hwy 181 and CR64 For Sale
      10032 Co Rd 64, Daphne, AL 36526
      View Details
    • Value Estimation by Request

      1 Acre Retail Pad with Completed Sitework, Detention & Parking in place in the Malbis Market

      1 Acre Retail Pad with completed Sitework, Detention & Parking in place in the Malbis Market
      0 Highway 181, Daphne, AL 36526
      View Details

    Similar Nearby for Sale

    • $75,000
      22,950.00 Acres

      Daphne Land: Prime Commercial Site

      Versatile 22,950 SF vacant land, ideal location.
      0 grant street, Daphne, AL 36526
      View Details
    • $344,025
      49,699.00 Acres

      Prime Daphne Commercial Land

      Last remaining lot in Hwy 90 Business Park
      0 US-90, Daphne, AL 36526
      View Details
    • $395,000
      1.16 Acres

      Daphne Commercial Land Opportunity

      Prime 1.16-acre lot near Hwy 90
      29627 Renaissance Blvd, Daphne, AL 36526
      View Details
    • $299,000
      1.17 Acres

      Daphne Commercial Lot - Hwy 64 Access

      Prime 1.17-acre commercial lot, B2 zoning, utilities available.
      26209 Pollard Rd, Daphne, AL 36526
      View Details
    • $1,450,000
      11.00 Acres

      Prime Land in Daphne, Alabama

      Flat, versatile land suitable for residential or commercial development.
      26238 State Highway 181, Daphne, AL 36526
      View Details
    • New
      $13,000,000
      5.10 Acres

      Daphne Plaza Inc shopping center Zoghby Uniforms twice the ice machine

      Daphne Plaza inc
      905 Daphne Ave, Daphne, AL 36526
      View Details

    Similar Nearby for Lease

    • $100,000

      Prime Daphne Commercial Land

      High-traffic location, build-to-suit options.
      29753 Frederick Blvd, Daphne, AL 36526
      View Details
    • $80,000
      73,665 SF

      Daphne Commercial Land: Highway 181 Site

      Prime Daphne location, ±1.69 acres, ground lease or sale.
      26953 US-181, Daphne, AL 36526
      View Details
    • $100 SF/Yr
      97,428 SF

      Daphne, AL Commercial Land Investment

      I-10 & Hwy 90 Frontage - 40 Acres
      29655 Anchor Cross Blvd, Daphne, AL 36526
      View Details
    • $75,000
      47,184 SF

      Daphne, AL Ground Lease Opportunity

      1.39-acre corner lot, prime location, high growth area.
      2797 Bayfront Park Dr, Daphne, AL 36526
      View Details
    • $12,500 /Mo
      209,088 SF

      Daphne Industrial Land Lease Opportunity

      4.8 acres, B-1 zoning, build-to-suit option.
      County Rd 13 & Lawson Rd, Daphne, AL 36526
      View Details
    • $0.01 SF/Yr
      1 SF

      I-10 & Hwy 90 Daphne Land

      Prime Commercial Land, I-10 & Hwy 90 Access
      29655 Anchor Cross Blvd, Spanish Fort, AL 36526
      View Details
    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.
    851 US-98
    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
    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

    Google sign-in failed. Please try again or use another login method.