Light Industrial Flex
For Sale
$475,000
113 Rainbow Industrial Blvd, Rainbow City, AL 35906
COMMERCIAL - Rainbow City, AL
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$118.75
Days on Market29
Property Features for 113 Rainbow Industrial Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Hwy 77 N, R On Industrial
Standard status
Active
APN
1504190001007.004
Size
4,000 SF
Lot size
1.00 Acre
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
Alarm system
Building Details
Year built
1997
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Susie Weems Real Estate, LLC
(256) 546-4663
Listed By:
Betty Greer · License #64642
(256) 441-9517
Added: Jul 16
Changed: Aug 4
Last Checked: Aug 13 at 8:06AM
MLS# 21889455
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Investment Insights
Based on property information with market context.
This light industrial flex building is located in Rainbow City Industrial Park and includes a professional office component suitable for medical or dental use. Each suite is supported by an alarm system, and the property is served by Alabama Power and Spire Gas, along with city sewer.
The property offers a large parking lot in front and back, supporting convenient arrivals and service access. It is positioned close to I-59 and other major highways, which can help connect business operations to regional routes.
The building is available for sale and is approximately 4,000 square feet, situated on a 1-acre lot.
The property offers a large parking lot in front and back, supporting convenient arrivals and service access. It is positioned close to I-59 and other major highways, which can help connect business operations to regional routes.
The building is available for sale and is approximately 4,000 square feet, situated on a 1-acre lot.
Key Highlights
- Located in Rainbow City Industrial Park with easy access to I‑59 and other major highways.
- Suitable for professional office, medical, dental, supplier, or warehouse use.
- Equipped with essential utilities: Alabama Power, Spire Gas, and city sewer.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,530
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,600
$850.6K
Cap Rate 7%
$607,571
$607.6K
Cap Rate 9%
$472,556
$472.6K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.2K $19.80/SF
− Vacancy
−$8.3K −$2.08/SF
EGI
$70.9K $17.72/SF
− OpEx
−$28.4K −$7.09/SF
NOI
$42.5K $10.63/SF
Area
Etowah County, AL
Vacancy
10.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,600
Cap Rate 7%
$607,571
Cap Rate 9%
$472,556
Alternative Uses
Best Use
Healthcare Medical
$607.6K
$531.6K – $708.8K
NOI $42,530 @ 7.0% cap · market cap 8.95%
Second Best
Flex RnD
$470.5K
$411.7K – $549.0K
NOI $32,938 @ 7.0% cap · market cap 6.93%
Theoretical Best
Specialty Retail
$654.0K
$572.3K – $763.0K
NOI $45,781 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35906, AL
10,444
Population
4,743
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
85%
High-School Grad
35.0 sq mi
ZIP Area
298
Density / Sq Mi
$58,896
Median Household Income
$41,701
Median Earnings
$998
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style light industrial building includes professional office space with alarm systems for each suite.
Where is this flex space located?
The property is located at 113 Rainbow Industrial Blvd Rainbow City, AL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Located in Rainbow City Industrial Park with easy access to I‑59 and other major highways.; Suitable for professional office, medical, dental, supplier, or warehouse use.; Equipped with essential utilities: Alabama Power, Spire Gas, and city sewer.
