Property profile

3400 Highway 78 E Jasper, AL 35501

FOR LEASE
Retail properties & Spaces
Property ID
US03-1504763
74,047 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The Walker Medical Arts Tower presents a unique investment opportunity in Walker County. This Class B medical office building, completed in 1979, offers +/- 74,047 square feet of versatile space, directly connected to Walker Baptist Medical Center. The building boasts five floors of premium medical office space, with suite sizes ranging from 983 to 8,208 square feet, and a total of 14 spaces currently available. A significant advantage is the inclusion of first-floor retail space, adding to the property's income potential and tenant diversity. The building's convenient location provides easy access for patients and staff. The minimum divisible space is 1,142 square feet, making it suitable for a variety of medical practices. Ample parking is available for tenants and visitors, addressing a key concern for medical facilities. The building's direct connection to Walker Baptist Medical Center provides significant synergy and potential for referrals. This property offers a strong foundation for growth and stability within a thriving medical community. The building's total square footage is approximately 74,047 square feet, with approximately 65,472 square feet dedicated to medical office space. This presents a compelling opportunity for both individual medical practices and larger healthcare organizations seeking a well-established presence in a high-demand area. The multiple tenancy structure allows for flexibility and diverse income streams.

Property profile

Verified
Property type Retail properties & Spaces
Total area 74,047 SF
UPID US03-1504763

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
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Medical Clinic
  • Medical Clinic

Location

3400 Highway 78 E Jasper, AL 35501
Jasper metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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