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27220 Us Highway 98, Daphne, AL 36526
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Property summary
AI-generated overview
A retail and distribution facility totaling approximately 40,000 square feet in Daphne, Alabama, located just off Highway 98 and a few minutes south of Interstate access. The building is configured in two sections: a retail storefront area of approximately 24,000 square feet and an attached warehouse portion of approximately 16,000 square feet. The site is situated on the eastern shore of Mobile Bay, providing access to major highways and the City of Mobile, and is located in Baldwin County, Alabama.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
16,050 SF
Lot
3.2 ac (139,392 SF)
APN
43-03-07-0-000-042.003
UPID
US03-0572835
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.53M
Owner & transaction history
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$3.1M
+96.6%
Office building
$2.9M
+82.5%
Retail stores
$2.7M
+68.6%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.53M
Value range
$2.27M – $2.78M
±10% around blend
Estimated value / SF
$157 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
70
Income certainty
100
$2.27M
blend $2.53M
$2.78M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,050 SF
Lot area
3.2 ac
Year built
1993
Stories
1
APN
43-03-07-0-000-042.003
Assessed value
$440,220
Annual tax
$20,250
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.56M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.69M
@ 6.5% CAP return
$1.56M
@ 7% CAP return
$1.45M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$20,250
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$835k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.2 mi away · 20,000 SF
11.9 mi away · 20,000 SF
13.4 mi away · 20,000 SF
13.4 mi away · 19,200 SF
15.2 mi away · 12,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.53M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 39 sales
$99
+58%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $157/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+97%
vs current-use indication
Office Building
Retail Stores
Commercial (general)
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
4.00%
Selected cap rate for this other warehouses
Derived from the Daphne market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.00%
9.0%
NOI (est.)
$118k *
Last sale · Nov 2020
$1.89M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.96M
Move the market yield to see immediate price impact.
Value / SF
$185
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.50%4.00%4.50%
$107k
$3.05M
$2.67M
$2.37M
$118k
$3.39M
$2.96M
$2.63M
$130k
$3.72M
$3.26M
$2.90M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$294k
10.2 mi · Apr 2026 · $16/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,250
Tax year 2023
Assessed value
$440,220
Assessed 2023
Previous assessed
$440,220
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$227,220
Assessed improvement
$213,000
Land market value
$1,136,100
Improvement market value
$1,065,000
Total market value
$2,201,100
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1993
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
16,050 SF
Lot
3.2 ac (139,392 SF)
APN
43-03-07-0-000-042.003
UPID
US03-0572835
Jurisdiction
BALDWIN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
3.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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