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    Property profile & analytics

    10171 Papageorge St Daphne, AL 36526-9553

    • Assisted living facilities
    • 20,931 SF
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2021
    $3,850,000
    Value Estimations
    $4,515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2520796
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Baldwin House / Nursing Home / Retirement Community

    Property Details for 10171 Papageorge St

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.50 lot acres
    Property size
    20,931 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    32-07-35-0-000-001.148
    APU
    3207350000001148

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,225,000
      ML approach
      $5,145,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8488
    Latitude
    30.6604
    CBSA code
    19300
    CBSA name
    DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,695
    $70,140
    $444,960
    $515,100
    -
    $350,700
    $2,224,800
    $2,575,500

    Comparable in this City

    • Value Estimation
      $1,055,000
      92,647 SF

      27440 County Rd 13

      HOMES (RETIRED, NURSING) • 92,647 SF
      27440 County Rd 13, Daphne, AL 36526-6222
      View Details
    • Value Estimation by Request
      10,154 SF

      1307 Daphne Ave

      HOMES (RETIRED, NURSING) • 10,154 SF
      1307 Daphne Ave, Daphne, AL 36526-4265
      View Details
    • Value Estimation
      $12,770,000
      90,303 SF

      11626 Us Hwy 90

      HOMES (RETIRED, NURSING) • 90,303 SF
      11626 Us Hwy 90, Daphne, AL 36526-8912
      View Details
    • Value Estimation
      $3,330,000
      23,504 SF

      29487 State Hwy 181

      MEDICAL BUILDING • 23,504 SF
      29487 State Hwy 181, Daphne, AL 36526-6581
      View Details
    • Value Estimation
      $665,000
      6,079 SF

      28490 2nd St

      MEDICAL BUILDING • 6,079 SF
      28490 2nd St, Daphne, AL 36526-7150
      View Details
    • Value Estimation
      $535,000
      4,828 SF

      26125 Capital Dr

      MEDICAL BUILDING • 4,828 SF
      26125 Capital Dr, Daphne, AL 36526-6195
      View Details

    Similar Nearby for Sale

    • $1,900,000
      1.20 Acres

      Daphne Medical Office Building

      Prime Medical Office, Excellent Location
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      View Details
    • $440,000
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      Prime Daphne Commercial Land

      High-traffic US-98 lot, B-1 zoning.
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    • $99,999

      Residential Lots in Daphne, AL

      Residential lots with pond view in Daphne, Alabama.
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      View Details
    • $60,000
      0.37 Acres

      Daphne Wooded Lot Opportunity

      Undeveloped wooded lot in Daphne, AL, near Hwy 98 and I-10.
      711 Daphmont Drive Ext, Daphne, AL 36526
      View Details
    • $4,500,000
      27,184 SF

      Daphne Church & Academy Campus

      Large campus, ideal for diverse uses
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    • $50,000
      0.44 Acres

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      Residential lot in Daphne's Caney Creek Estates.
      10 Caney Creek Dr, Daphne, AL 36526
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • $180 SF/Yr
      350 SF

      Daphne Medical Office Suite

      350 sq ft Single-Tenant Medical Office
      101b Villa Dr, Daphne, AL 36526
      View Details
    • $12 SF/Yr
      4,000 SF

      Daphne Office/Warehouse Space Available

      Modern Office & Warehouse in Prime Location
      26149 Capital Dr, Mobile, AL 36526
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in New Building

      2000 sqft retail space available in Daphne, Alabama.
      10058 Belgrove Ave, Daphne, AL 36526
      View Details
    • $23 SF/Yr
      360,304 SF

      Daphne Retail Center Opportunity

      High-traffic retail space available in Daphne, AL
      6890 Us Highway 90, Daphne, AL 36526
      View Details
    • $14 SF/Yr
      880 SF

      Daphne Retail Space - Hwy 98

      880 SF Retail/Office, Prime Location
      28080 US-98, Daphne, AL 36526
      View Details
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    Daphne, AL 36526-9553
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    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
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