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    Property profile & analytics

    16161 Hwy 280 Chelsea, AL 35043-8424

    • Investment properties
    • 10,880 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $490,000
    Last Sale
    Jul 07, 2023
    $527,800
    Location Intelligence
    Property ID
    US03-1346889
    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

    • Investment properties

    Property Details for 16161 Hwy 280

    Year built
    2001
    Construction
    WOOD
    Lot size
    0.92 lot acres
    Property size
    10,880 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    97260002018002
    APU
    97260002018002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $430,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $505,000
      Retail
      $460,000
      Mixed-Use
      $500,000
      Hospitality
      $450,000
      Educational
      $395,000
      Residential Income
      $380,000
      Energy
      $385,000
      Income-Based Land
      $525,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Shelby
    State
    Alabama
    Longitude
    -86.622
    Latitude
    33.3488
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, 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
    $7,809
    $0.00
    $0.00
    $175,600
    -
    $672,530
    $205,400
    $877,930

    Comparable in this City

    • Value Estimation by Request
      8,192 SF

      14555 Hwy 280

      STORE/OFFICE (MIXED USE) • 8,192 SF
      14555 Hwy 280, Chelsea, AL 35043-8428
      View Details
    • Value Estimation by Request
      14,078 SF

      11611 Chelsea Rd

      STORE/OFFICE (MIXED USE) • 14,078 SF
      11611 Chelsea Rd, Chelsea, AL 35043-7321
      View Details
    • Value Estimation by Request
      3,150 SF

      150 Chelsea Cors Way

      STORE/OFFICE (MIXED USE) • 3,150 SF
      150 Chelsea Cors Way, Chelsea, AL 35043-8206
      View Details
    • Value Estimation by Request
      1,000 SF

      11587 Chelsea Rd

      STORE/OFFICE (MIXED USE) • 1,000 SF
      11587 Chelsea Rd, Chelsea, AL 35043
      View Details
    • Value Estimation by Request
      36,484 SF

      16054 Hwy 280

      STORE/OFFICE (MIXED USE) • 36,484 SF
      16054 Hwy 280, Chelsea, AL 35043-8412
      View Details
    • Value Estimation by Request
      875 SF

      15205 Hwy 280

      STORE/OFFICE (MIXED USE) • 875 SF
      15205 Hwy 280, Chelsea, AL 35043-8406
      View Details

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      0.56 Acres

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      8.56 acres in Chelsea School District with large garage.
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      Ready-to-build 1+ acre lots with utilities in Hodgens Estates.
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      2-acre cul-de-sac lot, utilities available, build your dream home.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Highway 280

      Retail pads and spaces for lease on US Highway 280.
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      71,800 SF

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      High-traffic retail space in Chelsea, AL
      50 Chelsea Corners Way, Chelsea, AL 35043
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    • $15 SF/Yr
      10,000 SF

      New Flex/Industrial Building

      New 10,000 SF flex/industrial space in Chelsea, Alabama.
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    • Contact for pricing
      37,850 SF

      Chelsea Crossings Retail Center

      High-traffic retail space in Chelsea, AL
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      View Details
    • Contact for pricing
      5,921 SF

      Prime Retail/Medical Space in Chelsea

      Move-in ready 2,300 SF space in a high-traffic location.
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      View Details
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    16161 Hwy 280
    Chelsea, AL 35043-8424
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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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