Property profile

200 Hwy 78th E Jasper, AL 35501

OFF-MARKET
Turn key restaurants
Property ID
US03-1503253
5,670 SF 1.5 ac lot Built 1977
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,670-square-foot commercial property, situated on a 1.5-acre lot at a highly visible, signalized intersection of Mall Blvd and Hwy 78 in Jasper, presents a remarkable investment opportunity. Formerly a Jimmy's Egg restaurant, the building underwent a complete renovation in 2019, boasting updated building systems, a modern interior, renovated kitchen and restrooms, and a new security system. The property features a spacious dining area, a private party room, a large kitchen equipped with multiple coolers, and a sizable manager's office. With 57 parking spaces and a pylon sign, this location benefits from an impressive daily traffic count exceeding 30,000 vehicles. The B-2 zoning allows for diverse uses, including car washes, self-storage facilities, daycare centers, medical offices, auto sales and service, animal care, convenience stores, general retail, and restaurants. The property's strategic location near the Jasper Mall, anchored by Dunham's Sports, Belk, and the upcoming Rural King (2024), further enhances its appeal. Jasper's robust growth is evident in recent developments such as Starbucks, Whataburger, Mavis Discount Tires, a new Shell Gas Station & Quik Trip, a planned $10 million sports complex, and a new $5 million city hall. This turn-key property offers immediate occupancy and significant potential for various commercial ventures.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,670 SF
Lot 1.5 ac (65,340 SF)
Zoning code O
APN 17-02-04-4-000-001.008
UPID US03-1503253

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods

Location

200 Hwy 78th E Jasper, AL 35501-3862
Jasper metro Census 20302 JASPER, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.04M

Owner & transaction history

since 2023
Last sale
$1.2M
4 recorded transactions
2023
$1.2M
2019
$1.2M
2018
$785,000
2014
Price N/A

Zoning & alternative use

O · Jasper, AL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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