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    9844 Milton Jones Rd Daphne, AL 36526

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    9844 Milton Jones Rd Daphne, AL 36526

    View on Map
    • Distribution centers
    • 10,000 SF
    Off-Market
    Property ID
    US03-1889188
    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

    • The Shutter House of Daphne / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 9844 Milton Jones Rd

    Year built
    2023
    Property size
    10,000 SF
    Property type
    Distribution centers
    Property subtype
    Flex space

    Description

    This exceptional 10,000-square-foot industrial property, located at 9844 Milton Jones Rd in Daphne, Alabama, presents a unique opportunity for businesses seeking versatile space. Built in 2023, this single-story, single-tenant building sits on a lot ranging from one to three acres and offers a flexible layout suitable for manufacturing, flex, warehouse, or distribution operations. The structure boasts a 50 x 100 footprint with a generous 20-foot eave height, facilitating efficient storage and operations. Access is provided by eight 12 x 14 roll-up doors, ensuring easy loading and unloading of goods. The building includes multiple bathrooms and a showroom, enhancing functionality and potential uses. The interior can be configured as individual bays or as a completely open space, providing adaptability to diverse business needs. While a free-standing building, it benefits from its location within the Consolidated Acres Business Park. The property is zoned M1 Industrial, and the owner is willing to customize the interior build-out for an additional fee. Ample parking is available with 20 spaces. The property's APN is 05-43-05-22-0-000-020.008, and it's located in Baldwin County, Alabama, with a zip code of 36526.

    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
    -87.8545899
    Latitude
    30.5960871

    Comparable in this City

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      Daphne Flex Space: 1375 SF

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    • $10 SF/Yr
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      Daphne Flex Space: 2750 SF

      Prime Daphne flex space, ideal for R&D or warehouse needs.
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    • $4,116 /Mo
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      Daphne Office/Warehouse Space

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      Office/Warehouse Space in Business Park

      Office and warehouse space available for lease in Daphne, AL.
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    • $1,200 /Mo
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      Daphne Office/Warehouse Space Available

      Clean, well-maintained office/warehouse space in established business park.
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      View Details

    Similar Nearby for Sale

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    • $1,650,000
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      Daphne, AL Industrial Space For Sale/Lease

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      19,800 SF

      Daphne Self-Storage Investment Opportunity

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    Similar Nearby for Lease

    • $10 SF/Yr
      13,420 SF

      Daphne, AL Industrial Space For Sale/Lease

      Spacious industrial property; ideal for diverse uses.
      25883 Friendship Road, Daphne, AL 36526
      View Details
    • $13 SF/Yr
      2,750 SF

      Daphne Flex Space: 2750 SF

      Prime Daphne flex space, ideal for R&D or warehouse needs.
      25476 Friendship Rd, Daphne, AL 36526
      View Details
    • $13 SF/Yr
      1,375 SF

      Daphne Flex Space: 1375 SF

      Prime Daphne flex space, ideal for office/warehouse needs.
      25476 Friendship Rd, Daphne, AL 36526
      View Details
    • $4,116 /Mo
      3,500 SF

      Daphne Office/Warehouse Space

      Prime Daphne location, 3,500 SF office/warehouse.
      8871 Rand Ave, Daphne, AL 36526
      View Details
    • Contact for pricing

      Office/Warehouse Space in Business Park

      Office and warehouse space available for lease in Daphne, AL.
      26149 Capital Dr, Daphne, AL 36526
      View Details
    • $1,200 /Mo
      800 SF

      Daphne Office/Warehouse Space Available

      Clean, well-maintained office/warehouse space in established business park.
      26149 Capital Dr, Daphne, AL 36526
      View Details
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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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