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Property profile & analytics
OFF-MARKET Estimated value $1,125,000
Turn key restaurants

200 Hwy 78th E Jasper, AL 35501-3862

5,670 SF 1.5 ac lot Built 1977
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-1503253
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bedzzz Express Mattress Clearance Center Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.13M
Owner & transaction history
Je Al Holdings LLC · 3 yrs held
Je Al Holdings LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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