6631 Park DrDaphne, AL 36526

Property Details for 6631 Park Dr

Year built

1986

Lot size

1.20 AC

Property size (Sq ft)

15,015 SF

Property type

Medical offices

Property subtype

Medical centers

APN

43-03-71-0-006-041

APU

4303710006041

Description

This exceptional 21-story medical office building, located at 6631 Park Drive in Daphne, Alabama, presents a unique investment opportunity. Priced at $1,900,000, this property boasts a prime location less than two miles from I-10 and just 200 yards from US Highway 98, ensuring excellent accessibility. The building sits on a 1.2-acre lot and is surrounded by a thriving, affluent residential area, providing a substantial pool of potential patients and clients. The strategic location also benefits from the proximity to over 10,000 daytime employees within a three-mile radius, further enhancing its market appeal. The convenient access to metropolitan Mobile adds to its overall desirability. This single-building property offers significant potential for growth and return on investment, making it an attractive prospect for discerning buyers in the medical field. The building's 21 stories provide ample space for a variety of medical practices or related businesses. Broker co-op is available. This is a rare opportunity to acquire a well-situated, high-profile medical office building in a rapidly growing area of Baldwin County, Alabama. The zip code is 36526.

• CAP approach

  CAP return

  Valuation

  6%

  $2,033,551

  6.5%

  $1,877,124

  7%

  $1,743,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,016,244

  Geo Method

  $1,067,416

• Alternative Use

  Use

  Valuation

  Residential

  $2,327,634

  Hospitality

  $2,132,100

  Educational

  $1,773,882

  Medical

  $1,834,889

  Retail

  $2,759,372

Location Insight

City

Daphne

County

Baldwin

State

Alabama

Latitude

30.6307

Longitude

-87.9094

CBSA code

19300

CBSA name

DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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