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Property profile & analytics
FOR SALE
Warehouses
27220 Us Highway 98 Daphne, AL 36526
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-0572835
For Sale
1 / 2
$4,350,000
27220 Us Highway 98, Daphne, AL 36526
View Listing →
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$1.98M
Owner & transaction history
Kjb Holdings LLC · 5 yrs held
Kjb Holdings LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+96.6%
Office building
$2.9M
+82.5%
Retail stores
$2.7M
+68.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Daphne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daphne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,525,000
ML approach
$2,595,000
CAP Approach
CAP Return
Estimation
6%
$1,690,000
6.5%
$1,560,000
7%
$1,445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,595,000
Current use
MEDICAL BUILDING
$3,140,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$2,915,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$2,690,000
Change: +69% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,640,000
Change: +65% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.89M (Nov 9 2020)
Last sale anchor
$1.89M
Nov 9 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
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
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · 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
Current owner
From public records · entity-resolved
Kjb Holdings LLC
Entity
Mailing address
27220 US HWY 98B, DAPHNE, AL 36526-4820
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2020
$1,887,919
Kjb Holdings LLC
American Factoring And Leasing INC
Warranty Deed
$961,600 · Bryant Bank
May 16, 2012
$70,000
Kenneth W Cross
Gardner Doris D Living Trust
Dual Purpose Document
$70,000 · Gardner Doris D Living Tr (pt)
—
—
American Factoring & Leasing C
—
Deed Of Trust
related
$500,000 · Banktrust
—
—
American Factoring & Leasing I
—
Deed Of Trust
related
$825,782 · Banktrust
—
—
American Factoring & Leasing I
—
Deed Of Trust
related
$491,217 · South Alabama Bank
—
—
American Factoring & Leasing I
—
Deed Of Trust
related
$478,000 · Banktrust
—
—
American Factoring & Leasing I
—
Deed Of Trust
related
$2,337,500 · Regions Bank
—
—
American Factoring & Leasing I
—
Deed Of Trust
related
$2,200,000 · Iberiabank
—
—
American Factoring & Leasing I
—
Deed Of Trust
related
$2,100,000 · Coastal Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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