Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    I-22 Interstate/Hwy.118 Jasper, AL 35501

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $479,000

    High-traffic commercial land, excellent location.

    Property Features for I-22 Interstate/Hwy.118

    General Information

    Property type
    Other commercial real estate
    Lot Size
    888,188 SF

    We can help!

    Listing Contact
    Margie Ballard
    Margie Ballard

    Listing Agency: Ballard Real Estate Listing Agent: Margie Ballard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 20.39-acre commercial property boasts a prime location in Jasper, Alabama, at the first Jasper exit off I-22 from Tupelo, MS (Exit 57, Hwy 118). A survey is available. The land offers significant road frontage: 300 feet along Highway 118 and 1031 feet along I-22. Gamble Road provides convenient access to the property from both sides. Its high visibility and accessibility make it ideal for a wide range of commercial ventures. Potential uses include, but are not limited to, fast-food restaurants, hotels, retail establishments, and medical clinics. The asking price for this exceptional investment opportunity is $479,000. This property presents a rare chance to acquire a substantial parcel of land in a high-growth area with exceptional exposure to a major interstate highway. Serious inquiries are encouraged to explore the full potential of this strategic location. Contact us today to schedule a viewing and obtain complete property information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jasper
    County
    Walker
    State
    Alabama
    Longitude
    -87.13473
    Latitude
    33.81806

    Nearby Similar for Sale

    • $399,900
      2,400 SF

      Jasper Office Building Prime Location

      Former medical office building in Jasper, Alabama, for sale.
      1499 N Airport Rd, Jasper, AL 35504
      View Details
    • $1,750,000
      16,235 SF

      Historic Downtown Jasper Commercial Building

      16,235 SF historic building in downtown Jasper, Alabama.
      1824 3Rd Ave, Jasper, AL 35501
      View Details
    • $250,000
      1,846 SF

      Downtown Jasper Commercial Building For Sale

      Commercial building in Jasper's downtown area with high visibility.
      912 S Airport Rd, Jasper, AL 35501
      View Details
    • $1,750,000
      16,235 SF

      Downtown Jasper Commercial Building For Sale

      Historic 16,235 SF building in downtown Jasper, Alabama.
      1824 3Rd Ave, Jasper, AL 35501
      View Details
    • New
      $250,000
      4,280 SF

      Jasper Commercial Property with Income

      4,280 sqft commercial property with rental income potential.
      224 Al-195, Jasper, AL 35504
      View Details
    • $10,000,000

      Multi-Building Professional Plaza in Jasper

      Well-maintained medical complex with long-term leases and stable income.
      1450 Jones Dairy Rd, Jasper, AL 35501
      View Details
    • $179,000

      Downtown Jasper Commercial Metal Building

      Commercial building with separate office spaces in downtown Jasper.
      2211 Commerce Ave, Jasper, AL 35501
      View Details
    • $164,900
      3,120 SF

      Mixed-Use Property in Jasper, AL

      Versatile property suitable for business, residential, or mixed-use purposes.
      905 S Airport Rd, Jasper, AL 35501
      View Details
    • $600,000
      12,794 SF

      Versatile Commercial Building Near Jasper

      12,000+ sq ft building suitable for retail, warehouse, industrial.
      1700 10Th Ave, Jasper, AL 35501
      View Details
    • $315,000
      23.00 Acres

      Historic Farm with Equestrian Facilities

      21-acre farm with equestrian facilities, ponds, and pecan orchard.
      3070 Highway 5, Jasper, AL 35503
      View Details
    • Contact for pricing
      60,396 SF

      Mountainside Apartments: Value-Add Opportunity

      56-unit apartment community in Jasper, AL with revenue upside.
      19 Mountainside Cir, Jasper, AL 35504
      View Details
    • $105,000
      1,944 SF

      Smith Lake Home with Water Views

      Three-bedroom, two-bathroom home featuring water views of Smith Lake.
      544 Sheltered Cove Rd, Jasper, AL 35504
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic commercial land, excellent location.
    Where is this commercial real estate located?
    The property is located at I-22 Interstate/Hwy.118 Jasper, AL.
    What is the asking price?
    The asking price for this property is $479,000.
    (205) 495-4960
    Request Owner's contact information
    I-22 Interstate/Hwy.118 Jasper, AL 35501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    I-22 Interstate/Hwy.118
    Jasper, AL 35501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    I-22 Interstate/Hwy.118 Jasper, AL 35501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Margie Ballard
    Margie Ballard
    Real Estate License ID: 020922
    (205) 495-4960 (205) 487-6580
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!