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Property profile & analytics
OFF-MARKET
Estimated value
$4,050,000
Retail properties & Spaces
851 Us Hwy 98 Daphne, AL 36526-4159
Individually Owned
6-yr Hold
Free & Clear
Property ID
US03-1725615
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2019
Total area
18,809 SF
Lot
5.1 ac (222,156 SF)
APN
43-09-29-2-000-009
UPID
US03-1725615
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
$5.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$4.05M
Owner & transaction history
Exchangeright Net Leased Portf · 6 yrs held
Exchangeright Net Leased Portf
since 2020
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.8M
+177.2%
Restaurant
$5.7M
+175.0%
Medical building
$3.7M
+76.3%
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
$5,510,000
ML approach
$5,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,780,000
Change: +177% · Conversion: Difficult
RESTAURANT
$5,735,000
Change: +175% · Conversion: Difficult
MEDICAL BUILDING
$3,675,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$3,415,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$3,155,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,095,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$4.05M
Range $3.65M – $4.46M · ±10% · vs last sale $4.12M (Apr 17 2020)
Last sale anchor
$4.12M
Apr 17 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
$215 / 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
$29,832
Tax year 2023
Assessed value
$648,520
Assessed 2023
Previous assessed
$648,520
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$143,860
Assessed improvement
$504,660
Land market value
$719,300
Improvement market value
$2,523,300
Total market value
$3,242,600
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
18,809 SF
Lot
5.1 ac (222,156 SF)
APN
43-09-29-2-000-009
UPID
US03-1725615
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
RESTAURANT
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.1 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portf
Individual
Free & Clear · 6 yrs held
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2020
$4,120,689
Exchangeright Net Leased Portf
Hsc Johnson Road LLC
Warranty Deed
—
Nov 19, 2018
$500
Hsc Johnston Road LLC
Citizens Bk
Quit Claim Deed
related
—
Nov 19, 2018
—
Citizens Bk
Gulledge,thomas W
Affidavit Of Death
related
—
Aug 21, 2008
—
Matthew B Walker JR.
Walker,matthew B JR
Quit Claim Deed
related
—
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.
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