Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Carl Cannon Blvd Jasper, AL 35501
    Back to Search
    Property profile & analytics

    Carl Cannon Blvd Jasper, AL 35501

    View on Map
    • Commercial real estate
    • 11.00 lot acres
    For Sale
    $2,800,000
    View Listing →
    Jasper, AL Prime Commercial Land For Sale
    $2,800,000

    Jasper, AL Prime Commercial Land

    High-Traffic 11-Acre Development Site

    Carl Cannon Blvd, Jasper, AL 35501
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Carl Cannon Blvd

    Lot size
    11.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11-acre commercial property in Jasper, Alabama presents a unique investment opportunity. Boasting approximately 332 feet of road frontage, this site enjoys unparalleled visibility and accessibility due to its strategic location adjacent to a high-volume Love's Travel Stop. The property benefits from heavy traffic flow from both eastbound and westbound Interstate 22, connecting Tupelo and Birmingham. This prime location is surrounded by thriving businesses, including well-established restaurants and retail establishments such as Carl Cannon, Waffle House, and Cracker Barrel, ensuring consistent foot traffic and strong market presence. The site's potential is further enhanced by its development-ready status, with utilities readily available at the roadside. This makes it ideal for a variety of commercial ventures, including restaurants and retail developments seeking high visibility and convenient access to a major interstate. The property's size and location offer significant potential for substantial return on investment. This is a rare opportunity to acquire a highly visible and accessible commercial parcel in a rapidly growing area. Don't miss this chance to capitalize on the high traffic volume and established commercial environment. The asking price is $2,800,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Walker
    State
    Alabama
    Longitude
    -87.2412
    Latitude
    33.7907

    Comparable in this City

    • Value Estimation by Request
      3,500 SF

      749 20 St & Al Hwy

      Commercial real estate • 3,500 SF
      749 20 St & Al Hwy, Jasper, AL 35501
      View Details
    • Value Estimation by Request
      5.70 Acres

      Viking Dr

      Land • 5.70 Acres
      0 Viking Dr, Jasper, AL 35501
      View Details
    • Value Estimation by Request
      12,900 SF

      801 20Th Ave

      Commercial real estate • 12,900 SF
      801 20Th Ave, Jasper, AL 35501
      View Details
    • Value Estimation by Request

      Industrial Blvd & Lakewood Dr

      Commercial real estate
      Industrial Blvd & Lakewood Dr, Jasper, AL 35501
      View Details
    • Value Estimation by Request
      20.39 Acres

      I-22 Interstate/Hwy.118

      Commercial real estate • 20.39 Acres
      I-22 Interstate/Hwy.118, Jasper, AL 35501
      View Details
    • Value Estimation by Request
      26.00 Acres

      Industrial Pkwy

      Commercial real estate • 26.00 Acres
      Industrial Pkwy, Jasper, AL 35501
      View Details

    Similar Nearby for Sale

    • $2,800,000
      11.00 Acres

      Jasper, AL Prime Commercial Land

      High-Traffic 11-Acre Development Site
      Carl Cannon Blvd, Jasper, AL 35501
      View Details
    • $442,500

      Jasper Commercial Investment Opportunity

      High-traffic location, I-22 access.
      3201 Lakewood Dr, Jasper, AL 35501
      View Details
    • $2,100,000
      29.00 Acres

      Jasper Commercial Land Investment

      Prime 29-Acre I-22 Development Site
      69 And I22, Jasper, AL 35501
      View Details
    • $426,000

      High-Traffic Jasper Commercial Land

      I-22 Exit 65 Investment Opportunity
      3103 Lakewood Dr, Jasper, AL 35501
      View Details
    • $1,500,000

      Jasper Commercial Land Investment Opportunity

      Prime I-22 Commercial Land - Ready to Build!
      Industrial Pkwy, Jasper, AL 35501
      View Details
    • $426,000

      Commercial Land Near I-22

      Commercial land parcel near I-22 in Jasper, Alabama.
      3103 Lakewood Dr, Jasper, AL 35501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway 78 Retail Space Available

      High-visibility retail space with full access on Highway 78.
      1160 Highway 78 East, Jasper, AL 35501
      View Details
    • $17 SF/Yr

      Medical Office Suite For Rent

      Turnkey medical office suite with functional layout in Jasper, AL.
      1450 Jones Dairy Rd, Jasper, AL 35501
      View Details
    • Contact for pricing

      Medical Office and Retail Space

      Medical office and retail space connected to Walker Baptist Medical Center.
      3400 Highway 78 E, Jasper, AL 35501
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      Newly renovated retail space with high visibility and access.
      1635 Pediatric Dr, Jasper, AL 35501
      View Details
    View Listing
    Request Owner's contact information
    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.
    Carl Cannon Blvd
    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
    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

    Thank You for Inquiry
    Carl Cannon Blvd, Jasper, AL, 35501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!