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    1203 US-98 Daphne, AL 36526

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    1203 US-98 Daphne, AL 36526

    View on Map
    • Strip malls
    • 6,204 SF
    • 0.49 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    9,216 SF Executive Suites/Coworking For Lease (Market Place) For Lease
    $25 SF/Yr

    9,216 SF Executive Suites/Coworking For Lease (Market Place)

    9,216 SF Executive Suites/Coworking For Lease (Market Place)

    1203 US-98, Daphne, AL 36526
    View Listing
    Property ID
    US03-0361490
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1203 US-98

    Year built
    1982
    Lot size
    0.49 lot acres
    Property size
    6,204 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    43-04-20-3-000-008.003
    APU
    4304203000008003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Daphne
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8988
    Latitude
    30.5953
    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
    $4,214
    $0.00
    $91,600
    $91,600
    -
    $0.00
    $458,000
    $458,000

    Comparable in this City

    • Value Estimation
      $865,000
      22,371 SF

      Us Hwy 90

      SHOPPING CENTER, STRIP CENTER • 22,371 SF
      Us Hwy 90, Daphne, AL 36526
      View Details
    • Value Estimation
      $540,000
      14,784 SF

      25325 Us Hwy 98

      SHOPPING CENTER, STRIP CENTER • 14,784 SF
      25325 Us Hwy 98, Daphne, AL 36526-4836
      View Details
    • Value Estimation
      $760,000
      25,662 SF

      28600 Us Hwy 98

      SHOPPING CENTER, STRIP CENTER • 25,662 SF
      28600 Us Hwy 98, Daphne, AL 36526-7008
      View Details
    • Value Estimation by Request
      9,022 SF

      1203 Us Hwy 98

      SHOPPING CENTER, STRIP CENTER • 9,022 SF
      1203 Us Hwy 98, Daphne, AL 36526-4277
      View Details
    • Value Estimation by Request
      9,267 SF

      27955 Us Hwy 98

      SHOPPING CENTER, STRIP CENTER • 9,267 SF
      27955 Us Hwy 98, Daphne, AL 36526-4735
      View Details
    • Value Estimation by Request
      7,710 SF

      1203 Us Hwy 98

      SHOPPING CENTER, STRIP CENTER • 7,710 SF
      1203 Us Hwy 98, Daphne, AL 36526-4277
      View Details

    Similar Nearby for Sale

    • $4,350,000
      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
    • $2,200,000
      2.00 Acres

      Daphne Hwy 98 Commercial Lot

      Prime Daphne location, 3,500 SF retail space, 2 acres.
      2304 Main St, Daphne, AL 36526
      View Details
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      Daphne Automotive/Retail/Flex Opportunity

      Adaptable building on high-traffic Main Street, suitable for various uses.
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      2,500 SF

      New Chipotle Restaurant For Sale

      New construction Chipotle restaurant with a corporate-backed 15-year lease.
      914 Van Ave, Daphne, AL 36526
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    • $159,900
      2.43 Acres

      Land For Sale in Daphne

      2.43 acre land centrally located near shopping and the beach.
      1 County Road 54, Daphne, AL 36526
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    • $4,500,000
      27,317 SF

      Daphne, AL Specialty Building

      Exceptional 27,317 SF property, ideal for diverse uses.
      9585 Milton Jones Rd, Daphne, AL 36526
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Daphne, AL

      Retail space available in a Publix-anchored shopping center.
      27955 Us Highway 98, Daphne, AL 36526
      View Details
    • Contact for pricing

      Retail Space in Baypointe Center

      9,300 SF endcap in Daphne's Baypointe Shopping Center.
      27900 N Main St, Daphne, AL 36526
      View Details
    • $18 SF/Yr
      1,138 SF

      Retail Space on US Hwy 98

      Retail space available in Magnolia Square Shopping Center.
      25325 Us Highway 98, 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
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    • $21 SF/Yr
      1,800 SF

      Daphne Retail Space - 1800 SF

      High-traffic Daphne retail space available.
      2020 US Highway 98, Daphne, AL 36526
      View Details
    • $23 SF/Yr
      2,031 SF

      Daphne Retail Space - Hwy 98 Frontage

      High-visibility retail space available in new development.
      1701 US-98, Daphne, AL 36526
      View Details

    Property Visit Statistics

    • Visits by month
      590
    • Visitors by month
      235
    • Avg Time on site
      63 min
    View Listing
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    Daphne, AL 36526
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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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