Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    0 Hwy 24 Russellville, AL 35653

    View on Map
    Claim this Listing
    For Sale
    $62,000

    Acreage - Russellville, AL

    Lot size:
    8.65 Acres
    Added:
    Jun 10, 2024
    Days on Market:
    698
    Last Refresh:
    May 8 at 4:06 am

    Property Features for 0 Hwy 24

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Exterior features
    Many Trees
    Standard status
    Active
    APN
    10-03-06-0-000-006-000.0
    Lot size
    8.65 Acres

    Taxes and HOA fees

    Tax Annual Amount
    186.15

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Devin Battles

    Listing agent Devin Battles License #124260

    Listing office RE/MAX Tri-State 210-B Seville Street, Florence, AL

    Listing date Jun 10, 2024

    MLS# 516918 Listing URL

    Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 8.6 acres of land offering endless possibilities.
    • Located in a peaceful county setting.
    • Power is already run to the property.
    • Many trees on the property.
    • Quonset steel frame building present.

    Overview

    Land in Russellville, Alabama

    This 8.65-acre property is located in Franklin County, near Russellville, Alabama. The land is zoned R1 and has potential for various uses. There is an existing Quonset steel frame building on the property; however, it is considered to have no value. Power has been run to the building. The property offers possibilities for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Russellville
    County
    Franklin
    State
    Alabama
    Longitude
    -87.6986915
    Latitude
    34.482923

    Nearby Similar for Sale

    • $695,000
      1,965 SF

      Iconic Restaurant Opportunity in Russellville

      Established restaurant with land, building, equipment, and customer base.
      12805 Hwy 43, Russellville, AL 35653
      View Details
    • $415,000
      8,190 SF

      Versatile Venue on Main Highway

      8,190 SF venue on 1 acre in Russellville, AL.
      1814 George Wallace Hwy, Russellville, AL 35654
      View Details
    • $169,900
      1,000 SF

      Russellville Car Wash For Sale

      Three-bay car wash on 0.42 acres, great investment property.
      18673 Hwy 24, Russellville, AL 35653
      View Details
    • $999,000
      5,587 SF

      Renovated Farmhouse Estate on 28 Acres

      Modern farmhouse on 28 acres, ideal for horses or hobby farm.
      1620 Hwy 46, Russellville, AL 35653
      View Details
    • $585,000

      Commercial Land in Russellville, AL

      0.8 acre commercial land suitable for fast food.
      13421 Hwy 43, Russellville, AL 35653
      View Details
    • $549,900

      Highway Frontage Commercial Land

      One acre commercial property with highway frontage in Russellville, AL.
      14520 Hwy 43, Russellville, AL 35653
      View Details
    • $285,000
      1,950 SF

      Turnkey Gas Station Opportunity

      Fully-equipped convenience/gas station on one acre. Highway 247 frontage.
      Russellville, AL 35653
      View Details
    • $995,000

      Russellville Industrial Building For Sale

      21,000 sq ft warehouse on 2.73 acres.
      35 Herring Cross Roads, Russellville, AL 35654
      View Details
    • $417,500

      Unrestricted Land in Russellville, AL

      115 acres of unrestricted land suitable for various uses.
      115 AC County Road 424, Russellville, AL 35653
      View Details
    • $135,000

      Commercial Land on Highway 43

      Commercial land with highway access in Russellville, Alabama.
      17288 Hwy 43, Russellville, AL 35652
      View Details
    • $50,000

      5.2 Acre Vacant Land

      5.2 acres near Cedar and Little Bear Lakes.
      00 Hwy 21, Russellville, AL 35653
      View Details
    • $500,000

      Russellville Farm Land For Sale

      50-acre farm in Russellville, AL, featuring broiler houses.
      11030 Hwy 48, Russellville, AL 35654
      View Details

    FAQs

    What type of property is this?
    Land - 8.6 acre lot with potential in Franklin County, Alabama.
    Where is this land located?
    The property is located at 0 Hwy 24 Russellville, AL.
    What is the asking price?
    The asking price for this property is $62,000.
    What are key features of this property?
    This property features: 8.6 acres of land offering endless possibilities.; Located in a peaceful county setting.; Power is already run to the property.
    (256) 412-6462
    We can help!
    Listing Contact
    Devin Battles
    Real Estate License ID: 124260
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 Hwy 24, Russellville, AL 35653
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!