Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway Frontage Land For Sale Title is generated by Realmo AI

    00 Hwy 243, Russellville, AL 35654

    View on Map
    Claim this Listing
    For Sale
    $44,900

    3.6-acre commercial land with high visibility and road frontage.

    Type:Lots/Land
    Lot size:
    3.60 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 8 at 12:14 am

    Property Features for 00 Hwy 243

    General Information

    Standard status
    Active
    Lot size
    3.60 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Jamie Lane

    Listing agent Jamie Lane License #000150434

    Listing office EXIT River City Realty

    Listing date Mar 26, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of EXIT River City Realty

    HighLights

    • 3. 6‑acre property
    • Road frontage on Highway 243
    • Near Highway 24
    • Near Highway 43
    • Highly visible area
    • Near the industrial park

    Overview

    This 3.6-acre property is positioned in a highly visible area near the industrial park. It features road frontage on Highway 243 and is located near Highway 24 and Highway 43. All details are to be verified by the buyer.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Storage Facility (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Franklin
    State
    Alabama
    Longitude
    -87.701687
    Latitude
    34.444349

    Nearby Similar for Sale

    • $695,000
      1,965 SF

      Iconic Restaurant Opportunity in Russellville

      Established restaurant business with land, buildings, and equipment for sale.
      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, endless possibilities.
      1814 George Wallace Hwy, Russellville, AL 35654
      View Details
    • $585,000

      Commercial Land in Russellville, AL

      Commercial land suitable for fast food or similar businesses.
      13421 Hwy 43, Russellville, AL 35653
      View Details
    • $169,900
      1,000 SF

      Russellville Car Wash For Sale

      Three-bay car wash on 0.42 acres in Russellville, Alabama.
      18673 Hwy 24, 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
    • $189,900
      2,256 SF

      Car Wash & Storage Business

      Car wash and storage units on a highly visible highway.
      1576 George Wallace Hwy, Russellville, AL 35654
      View Details
    • $299,500

      Waterfront Land on Cedar Creek

      Waterfront lot with 256 feet of shoreline frontage.
      01 Lakefront Dr, Russellville, AL 35653
      View Details
    • $549,900

      Highway Frontage Commercial Acreage

      One acre commercial property with highway frontage in Russellville, AL.
      14520 Hwy 43, Russellville, AL 35653
      View Details
    • $135,000

      Land on Highway 43, Russellville

      Commercial land with highway access in Russellville, Alabama.
      17288 Hwy 43, Russellville, AL 35652
      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
    • $899,000
      9,500 SF

      Restaurant and Hotel Building ForSale

      Restaurant and hotel building in downtown Russellville, Alabama.
      116 N Jackson Ave, Russellville, AL 35653
      View Details
    • $199,990

      Land Near Little Bear Lake

      40.6 acres near Little Bear Lake, Russellville, Alabama.
      Cotton Gin Rd, Russellville, AL 35653
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.6-acre commercial land with high visibility and road frontage.
    Where is this commercial land located?
    The property is located at 00 Hwy 243 Russellville, AL.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: 3. 6‑acre property; Road frontage on Highway 243; Near Highway 24
    (256) 627-5699
    We can help!
    Listing Contact
    Jamie Lane
    Real Estate License ID: 000150434
    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
    00 Hwy 243, Russellville, AL 35654
    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!