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Walker Real Estate Development I & II 1450 Jones Dairy Rd 58,390 SF 83% Leased Office Building Jasper, AL 35501 $10,000,000 ($171.26/SF) 9.40% Cap Rate
Matterport 3D Tour
Investment Highlights
- Professional campus currently 76 percent occupied with stable, long-term tenancy.
- Flexible transaction timeline allowing a smooth and efficient closing process.
- Anchored by established medical providers and the Veterans Administration as long-term tenants.
- Positioned directly adjacent to the regional hospital, offering a premier medical ecosystem.
- Sale leaseback opportunity ideal for investors seeking secure, income-producing assets.
- Strong income profile with annual rent exceeding $1,000,000.
Executive Summary
Deliver exceptional care within an exclusive professional plaza that prioritizes accessibility and comfort for patients at 1450 Jones Dairy Road in Jasper, Alabama. Spanning multiple buildings, the professional center creates a polished, welcoming environment well-suited to client-focused practices. Flexible interior layouts enable customized build-outs, supporting dynamic configurations that optimize daily operational flow for general practitioners, therapy groups, home health providers, and other light medical or professional users.
On-site amenities enhance daily operations, with convenient access to a comprehensive medical lab offering MRI, X-ray, and radiology services, as well as a full pharmacy. Such integrated services enable providers and patients to access essential diagnostics and care without leaving the premises, fostering synergy among complementary practices. Ample surface parking and seamless access from Jones Dairy Road ensure a swift arrival for patients and staff.
Four minutes from Baptist Health Walker Hospital, a 267-bed regional hospital on Highway 78, this location offers unmatched convenience for healthcare providers, enabling seamless referrals, collaboration, and easy access to extended hospital and emergency services. Moreover, the area offers access to numerous national retailers, restaurants, and lodging options, including Walmart Supercenter, Starbucks, Hampton Inn, and Holiday Inn Express.
Jasper harmonizes small-town charm with steady economic vitality, located approximately 30 minutes north of Birmingham. A strong sense of community, expanding boutique businesses, and abundant outdoor recreation continue to attract residents and professionals. Jasper Main Street, just seven minutes away, is a vibrant downtown hub, offering a Main Street America ambiance with year-round events and consistent visitor traffic.
On-site amenities enhance daily operations, with convenient access to a comprehensive medical lab offering MRI, X-ray, and radiology services, as well as a full pharmacy. Such integrated services enable providers and patients to access essential diagnostics and care without leaving the premises, fostering synergy among complementary practices. Ample surface parking and seamless access from Jones Dairy Road ensure a swift arrival for patients and staff.
Four minutes from Baptist Health Walker Hospital, a 267-bed regional hospital on Highway 78, this location offers unmatched convenience for healthcare providers, enabling seamless referrals, collaboration, and easy access to extended hospital and emergency services. Moreover, the area offers access to numerous national retailers, restaurants, and lodging options, including Walmart Supercenter, Starbucks, Hampton Inn, and Holiday Inn Express.
Jasper harmonizes small-town charm with steady economic vitality, located approximately 30 minutes north of Birmingham. A strong sense of community, expanding boutique businesses, and abundant outdoor recreation continue to attract residents and professionals. Jasper Main Street, just seven minutes away, is a vibrant downtown hub, offering a Main Street America ambiance with year-round events and consistent visitor traffic.
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Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
58,390 SF
Building Class
C
Year Built
2006
Price
$10,000,000
Price Per SF
$171.26
Cap Rate
9.40%
NOI
$940,000
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
58,390 SF
Building FAR
0.15
Lot Size
9.20 AC
Opportunity Zone
Yes
Zoning
S - Suburban
Parking
52 Spaces (0.89 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Energy Star Labeled
- Wheelchair Accessible
- Natural Light
- Wi-Fi
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Administration
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Allergy Management
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Baker & Associates
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Blackwell, MD
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- CenterWell
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Diagnostic Imaging Center
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- East Point Pharmacy
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Osula, MD & Pettus, MD
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Southeast Clinical Laboratories
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Williams MD
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Administration | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Allergy Management | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Baker & Associates | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Blackwell, MD | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| CenterWell | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Diagnostic Imaging Center | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| East Point Pharmacy | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Osula, MD & Pettus, MD | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Southeast Clinical Laboratories | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Williams MD | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
2,398 square feet of medical space available for lease. Suites 100B and 200B can be combined for a total of 3,498 square feet at a blended rate of $17 per square foot.
1,840 square feet of medical space available for lease. Suites 200A and 200B can be combined for a total of 2,940 square feet at a blended rate of $17 per square foot.
1,100 square feet of medical space available for lease. Suites 200A and 200B can be combined for a total of 2,940 square feet at a blended rate of $17 per square foot.
4,338 square feet of medical space available for lease.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100B | 2,398 SF | Medical | Full Build-Out | Now |
| 1st Fl-Ste 200A | 1,840 SF | Medical | Full Build-Out | Now |
| 1st Fl-Ste 200B | 1,100 SF | Medical | Full Build-Out | Now |
| 1st Fl-Ste 400 | 4,338 SF | Medical | Full Build-Out | Now |
1st Fl-Ste 100B
| Size |
| 2,398 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 200A
| Size |
| 1,840 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 200B
| Size |
| 1,100 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 400
| Size |
| 4,338 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Map
1st Fl-Ste 100B
| Size | 2,398 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
2,398 square feet of medical space available for lease. Suites 100B and 200B can be combined for a total of 3,498 square feet at a blended rate of $17 per square foot.
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Matterport 3D Tour
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1st Fl-Ste 200A
| Size | 1,840 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
1,840 square feet of medical space available for lease. Suites 200A and 200B can be combined for a total of 2,940 square feet at a blended rate of $17 per square foot.
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 200B
| Size | 1,100 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
1,100 square feet of medical space available for lease. Suites 200A and 200B can be combined for a total of 2,940 square feet at a blended rate of $17 per square foot.
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 400
| Size | 4,338 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
4,338 square feet of medical space available for lease.
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
959
13,187
21,644
2024 Population
970
12,966
21,184
Population Growth '20-'24
1.2%
-1.7%
-2.1%
2020 Households
386
5,244
8,517
2024 Households
391
5,151
8,329
Household Growth '20-'24
1.3%
-1.8%
-2.2%
Average Age
41
42
42
Median Household Income
$68,142
$60,720
$62,294
Daytime Employees
3,945
11,841
13,312
Total Businesses
404
1,450
1,674
College Degree + Higher
25%
20%
20%
Nearby Amenities
Hospitals |
|||
|---|---|---|---|
| Walker Baptist Medical Center | Acute Care | 2 min drive | 0.9 mi |
Restaurants |
|||
|---|---|---|---|
| Wendy's | - | - | 6 min walk |
| Arby's | - | - | 8 min walk |
| SONIC Drive-in | Fast Food | - | 7 min walk |
| Full Moon Bar-B-Que | - | - | 8 min walk |
| Jack's | - | - | 12 min walk |
| Applebee's | American | $$$ | 15 min walk |
Retail |
||
|---|---|---|
| Wells Fargo | Bank | 6 min walk |
| 1st Franklin Financial | Finance Company | 8 min walk |
| Winn-Dixie | Supermarket | 8 min walk |
| Aaron's | Furniture/Mattress | 8 min walk |
| Sherwin-Williams | Paint/Wallpaper | 10 min walk |
| Health Mart Pharmacy | Drug Store | 13 min walk |
Hotels |
|
|---|---|
| Hampton by Hilton |
60 rooms
4 min drive
|
| Holiday Inn Express |
71 rooms
4 min drive
|
| SureStay |
60 rooms
5 min drive
|
| Comfort Inn |
64 rooms
6 min drive
|
| Red Roof Inn |
59 rooms
5 min drive
|
Property Taxes
| Parcel Numbers | Total Assessment | $1,153,520 (2024) | |
| Land Assessment | $146,320 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,007,200 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$146,320 (2024)
Improvements Assessment
$1,007,200 (2024)
Total Assessment
$1,153,520 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
Sale Advisor
Sale Advisor
Jay Barrett, Realtor
With more than three decades of real estate experience, Jay Barrett is recognized among the top 3% of REALTORS® nationwide and the leading agent at RealtySouth Jasper. He has built his reputation on integrity, exceptional marketing, and proven results.
Jay blends modern technology with local market expertise to help clients achieve the best possible outcome — whether buying or selling. His commitment to staying current with market trends, valuation strategies, and digital marketing tools ensures that every listing receives maximum visibility and that every buyer finds the right home with confidence.
Specializing in lakefront properties, residential listings, and buyer representation across Jasper, Smith Lake, Birmingham, and the surrounding Walker and Winston County areas, Jay offers an experience rooted in trust and results.
Backed by RealtySouth, Alabama's most trusted and established real estate brand, Jay delivers an innovative approach that moves clients forward — quickly, efficiently, and successfully.
Jay blends modern technology with local market expertise to help clients achieve the best possible outcome — whether buying or selling. His commitment to staying current with market trends, valuation strategies, and digital marketing tools ensures that every listing receives maximum visibility and that every buyer finds the right home with confidence.
Specializing in lakefront properties, residential listings, and buyer representation across Jasper, Smith Lake, Birmingham, and the surrounding Walker and Winston County areas, Jay offers an experience rooted in trust and results.
Backed by RealtySouth, Alabama's most trusted and established real estate brand, Jay delivers an innovative approach that moves clients forward — quickly, efficiently, and successfully.
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Walker Real Estate Development I & II | 1450 Jones Dairy Rd
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