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1901 Highway 78 E
Jasper, AL 35501
Office Property For Sale


INVESTMENT HIGHLIGHTS
- 2026 Cap Rate – 10.33% - Rent increases from $225,000 to $240,000 in March of 2026.
- Premiere location - ideally situated at the intersection of 20th Ave East and Hwy 78 which sees over 25,000 Vehicles per day.
- Government-Backed Income – Dependable rental payments supported by the State of Alabama and local government credit.
- Nearly 50 Years of Continuous Tenancy – Walker County Health Department has operated at this location since 1977.
- Sticky Tenancy – No other building in Jasper offers the size or infrastructure necessary for the Health Department.
EXECUTIVE SUMMARY
The Walker County Department of Human Resources has occupied this 30,000-square-foot building in Jasper, Alabama since 1978, establishing nearly five decades of continuous government tenancy. While the current lease technically contains a termination clause, the agency’s reliance on the facility, combined with the lack of comparable alternatives in Jasper, makes early termination highly unlikely. The result is a stable, government-backed income stream in a desirable location with frontage on Highway 78.
Jasper serves as the county seat and anchors the Jasper Micropolitan Statistical Area, which encompasses all of Walker County. It is also part of the broader Birmingham–Cullman–Talladega Combined Statistical Area. The property benefits from outstanding visibility and accessibility along Highway 78 and sits in close proximity to Walker Baptist Medical Center, Walmart, and numerous national retailers. This strategic positioning enhances demand for civic, institutional, and administrative uses, further strengthening the investment profile.
The building itself provides excellent functionality with its 30,000-square-foot footprint, ample surface parking, and infrastructure designed to support administrative operations. These features not only ensure the Department of Human Resources’ ongoing use but also create long-term flexibility for potential conversion to other government, educational, or institutional tenants should the property ever be repositioned.
Jasper serves as the county seat and anchors the Jasper Micropolitan Statistical Area, which encompasses all of Walker County. It is also part of the broader Birmingham–Cullman–Talladega Combined Statistical Area. The property benefits from outstanding visibility and accessibility along Highway 78 and sits in close proximity to Walker Baptist Medical Center, Walmart, and numerous national retailers. This strategic positioning enhances demand for civic, institutional, and administrative uses, further strengthening the investment profile.
The building itself provides excellent functionality with its 30,000-square-foot footprint, ample surface parking, and infrastructure designed to support administrative operations. These features not only ensure the Department of Human Resources’ ongoing use but also create long-term flexibility for potential conversion to other government, educational, or institutional tenants should the property ever be repositioned.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Building Size
30,000 SF
Building Class
B
Year Built/Renovated
1978/2021
Price
$2,812,779 CAD
Price Per SF
$93.76 CAD
Cap Rate
9.59%
NOI
$269,820 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
15,000 SF
Slab To Slab
10’
Building FAR
0.41
Lot Size
1.66 AC
Zoning
OT - Office Transition District - applied in areas undergoing gradual change from residential to commercial use, especially along major corridors
Parking
93 Spaces (3.1 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 17-02-10-1-104-002-0010 | Improvements Assessment | $326,510 CAD |
| Land Assessment | $109,417 CAD | Total Assessment | $435,927 CAD |
PROPERTY TAXES
Parcel Number
17-02-10-1-104-002-0010
Land Assessment
$109,417 CAD
Improvements Assessment
$326,510 CAD
Total Assessment
$435,927 CAD
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