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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hwy 243 Russellville, AL 35654

    • Manufacturing properties
    • 23,850 SF
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2849126
    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

    • Manufacturing properties

    Property Details for Hwy 243

    Year built
    2016
    Property size
    23,850 SF
    Property type
    Manufacturing properties
    APN
    11 03 06 1 000 003.6120
    APU
    11030610000036120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $998,000
      Market price range: $364k - $1.09M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $675,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Franklin
    State
    Alabama
    Longitude
    -87.646
    Latitude
    34.5101

    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
    $12,102
    $0.00
    $213,820
    $213,820
    -
    $0.00
    $0.00
    $1,069,100

    Comparable in this City

    • Value Estimation
      $1,900,000
      63,650 SF

      Industrial Park Dr

      MANUFACTURING (LIGHT) • 63,650 SF
      Industrial Park Dr, Russellville, AL 35654
      View Details
    • Value Estimation
      $1,090,000
      38,720 SF

      43 Alabama Ave

      MANUFACTURING (LIGHT) • 38,720 SF
      43 Alabama Ave, Russellville, AL 35654
      View Details
    • Value Estimation
      $630,000
      30,000 SF

      Sibley Dr

      MANUFACTURING (LIGHT) • 30,000 SF
      Sibley Dr, Russellville, AL 35654
      View Details
    • Value Estimation by Request
      3,900 SF

      15497 Al-243

      Office space • 3,900 SF
      15497 Al-243, Russellville, AL 35654
      View Details
    • Value Estimation
      $1,370,000
      108,375 SF

      Sibley Dr

      MANUFACTURING (LIGHT) • 108,375 SF
      Sibley Dr, Russellville, AL 35654
      View Details
    • Value Estimation
      $735,000
      38,000 SF

      State Hwy 243

      MANUFACTURING (LIGHT) • 38,000 SF
      State Hwy 243, Russellville, AL 35654
      View Details

    Similar Nearby for Sale

    • $189,900
      2,256 SF

      Car Wash & Storage Business

      Car wash and storage units on Highway 43 in Littleville.
      1576 George Wallace Hwy, Russellville, AL 35654
      View Details
    • $210,000
      1.00 Acre

      Turnkey Restaurant/Bar in Littleville

      Established Business, Huge Potential!
      350 George Wallace Hwy, Littleville, AL 35654
      View Details
    • $485,000
      8,190 SF

      Russellville Retail Storefront Opportunity

      8,190 SF Vacant Storefront - $485,000
      1814 George Wallace Hwy, Russellville, AL 35654
      View Details
    • $59,900
      14.00 Acres

      Russellville, AL Vacant Wooded Acreage

      14 acres of wooded land with utilities available.
      County Hwy 49, Russellville, AL 35654
      View Details
    • $95,000
      49.00 Acres

      49 Acres Recreational Land

      49 acres in Franklin County with creek and wooded area.
      49 Acres County Rd 56, Russellville, AL 35654
      View Details
    • $1,400,000
      83.00 Acres

      Poultry Farm on 83 Acres

      Established poultry farm with home on 83+/- acres in Alabama.
      2210 County Hwy 38, Russellville, AL 35654
      View Details
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    Hwy 243
    Russellville, AL 35654
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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.

    More about this property
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