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    Property profile & analytics

    1240 George Wallace Hwy Russellville, AL 35654-3217

    • Retail space
    • 1,968 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 13, 2023
    $10,000
    Location Intelligence
    Property ID
    US03-2682746
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1240 George Wallace Hwy

    Year built
    1990
    Lot size
    0.81 lot acres
    Property size
    1,968 SF
    Property type
    Retail space
    APN
    22-08-27-0-005-024.000
    APU
    2208270005024000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Colbert
    State
    Alabama
    Longitude
    -87.6765
    Latitude
    34.5869
    CBSA code
    22520
    CBSA name
    FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $666
    $0.00
    $0.00
    $17,600
    -
    $10,800
    $77,200
    $88,000

    Comparable in this City

    • Value Estimation
      $85,000
      2,886 SF

      1975 George Wallace Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,886 SF
      1975 George Wallace Hwy, Russellville, AL 35654
      View Details
    • Value Estimation
      $120,000
      1,280 SF

      Russellville, AL 35654

      RETAIL STORES (PERSONAL SERVICES) • 1,280 SF
      Russellville, AL 35654
      View Details
    • Value Estimation by Request
      3,088 SF

      380 George Wallace Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,088 SF
      380 George Wallace Hwy, Russellville, AL 35654-3213
      View Details
    • Value Estimation by Request
      10,508 SF

      1790 George Wallace Hwy

      RETAIL STORES (PERSONAL SERVICES) • 10,508 SF
      1790 George Wallace Hwy, Russellville, AL 35654-6833
      View Details
    • Value Estimation by Request
      2,791 SF

      Russellville, AL 35654

      RETAIL STORES (PERSONAL SERVICES) • 2,791 SF
      Russellville, AL 35654
      View Details
    • Value Estimation by Request
      9,631 SF

      1297 George Wallace Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,631 SF
      1297 George Wallace Hwy, Russellville, AL 35654
      View Details

    Similar Nearby for Sale

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      8,190 SF

      Russellville Retail Storefront Opportunity

      8,190 SF Vacant Storefront - $485,000
      1814 George Wallace Hwy, Russellville, AL 35654
      View Details
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      8,190 SF

      Versatile Venue on Main Highway

      8,190 SF venue on 1 acre, endless possibilities!
      1814 George Wallace Hwy, Russellville, AL 35654
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    • $189,900
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      Russellville Commercial Property For Sale

      Car wash and storage units on highly visible highway.
      1576 George Wallace Hwy, Russellville, AL 35654
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    • $210,000
      1.00 Acre

      Turnkey Restaurant/Bar in Littleville

      Established Business, Huge Potential!
      350 George Wallace Hwy, Littleville, AL 35654
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    • $69,900
      14.00 Acres

      Russellville Acreage with Utilities

      14 acres of wooded land with utilities available in Russellville.
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      Poultry Farm on 83 Acres

      Turnkey poultry operation with home on 83+/- acres.
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      View Details
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    Russellville, AL 35654-3217
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    Realmo Value Estimation

    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.

    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.

    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
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