Property profile

1501 Us Hwy 98 Daphne, AL 36526

OFF-MARKET
Other investment properties
Property ID
US03-2233957
11,742 SF 1.23 ac lot Built 1971
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 900-square-foot retail space located on US-98 in Daphne, Alabama. It is configured as a fully built-out retail unit and sits within a commercial corridor, positioned to benefit from high vehicular traffic along US-98. The retail center is situated near newly constructed Chick-fil-A and Whataburger locations. Surrounding uses include a mix of established retail and restaurant businesses, along with nearby residential development. Current neighboring businesses include F45 Training, Verizon, 2 Sisters Deli, and The Collective Hair Spa. The space is governed by a NNN (net, net, net) lease structure.

Property profile

Verified
Property type Other investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1971
Construction WOOD
Total area 11,742 SF
Lot 1.23 ac (53,579 SF)
APN 43-04-20-2-000-064.003
UPID US03-2233957

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1501 Us Hwy 98 Daphne, AL 36526-4241
Daphne metro Census 10800 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.68M
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$500k

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $2.1M +10.3%
Retail stores $2.0M +1.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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