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    14001 Highway 43 Russellville, AL 35653
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    14001 Highway 43, Russellville, AL 35653

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Royal Family's Towing Service / Auto Repair Shop
    • Mission Medical / Medical Clinic
    • Aaron's Rent To Own / Furniture & Home Goods / Home Decor Store
    • Maravillas Hispanas Services / Law Firm
    • Quad Cities Pediatrics / Pediatrician / Medical Clinic

    Property Details for 14001 Highway 43

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Franklin Center, located in the heart of Russellville, Alabama, presents a prime retail investment opportunity. This thriving center serves as the dominant retail hub within a 12-mile radius, boasting a strategic location directly adjacent to the only Walmart within a 17-mile area. Currently undergoing major renovations, Franklin Center offers a diverse mix of existing tenants and exciting development potential. Anchor tenants include Tractor Supply, Price Less Foods, Aaron's, and Waffle House, attracting a substantial customer base. Available spaces range from 771 square feet to 10,114 square feet, catering to a variety of business needs. Furthermore, prime outparcel and ground-up development opportunities are available, ranging from 0.5 to 5 acres. This presents a unique chance to establish a presence in a rapidly growing market. The center is home to a strong community of local businesses, creating a vibrant and supportive environment for new ventures. The trade area boasts a population of 24,517 with an average household income of $59,744, indicating significant consumer spending power. Ample parking is available, further enhancing the shopping experience. This is an exceptional opportunity to capitalize on the strong retail dynamics and growth potential of Russellville, Alabama. The combination of established anchor tenants, available space, and ongoing renovations makes Franklin Center an attractive investment for both established businesses and new ventures seeking a prominent location in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Franklin
    State
    Alabama
    Longitude
    -87.7225
    Latitude
    34.4969

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      Montgomery

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Montgomery, Russellville, AL 35653
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    • Value Estimation
      $690,000
      4,310 SF

      Us Hwy 24

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Us Hwy 24, Russellville, AL 35653
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    • Value Estimation by Request
      2,400 SF

      Carrol Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Carrol Ave, Russellville, AL 35653
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    • Value Estimation by Request
      3,000 SF

      Hwy 122

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Hwy 122, Russellville, AL 35653
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    • Value Estimation by Request
      1,250 SF

      389 Oak Hls Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      389 Oak Hls Dr, Russellville, AL 35653-5049
      View Details
    • Value Estimation by Request
      3,200 SF

      255 Auburn Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      255 Auburn Rd, Russellville, AL 35653-6805
      View Details

    Similar Nearby for Sale

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      2,050 SF

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      Russellville Car Wash For Sale

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      100 Acres of Pasture Land

      100 acres of land with creek and pond.
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    • $150,000
      21.00 Acres

      Land in Russellville, Alabama

      21 acres of rolling land with utilities and frontage.
      Liberty Ave, Russellville, AL 35653
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    • $549,900
      1.00 Acre

      Highway Frontage Commercial Acreage

      One acre commercial property with highway frontage in Russellville, AL.
      14520 Highway 43, Russellville, AL 35653
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    • $585,000
      0.80 Acres

      Commercial Land in Russellville, AL

      Commercial land suitable for fast food or similar businesses.
      13421 Highway 43, Russellville, AL 35653
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    Similar Nearby for Lease

    • Contact for pricing

      Outparcel Available For Rent

      Commercial land outparcel available for rent.
      14005 Highway 43, Russellville, AL 35653
      View Details
    • Contact for pricing

      Prime Commercial Outparcels For Lease

      Outparcels available for development in established shopping center.
      14001 Highway 43, Russellville, AL 35653
      View Details
    • Contact for pricing

      Retail Space in Franklin Center

      Retail spaces available in Russellville's leading retail hub.
      14001 Highway 43, Russellville, AL 35653
      View Details
    • $100,000

      Prime Commercial Land For Lease

      Outparcels available in established shopping center near Walmart.
      14001 Highway 43, Russellville, AL 35653
      View Details
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    14001 Highway 43
    Russellville, AL 35653
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    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.

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