Medical Office Building with 20
3212 Rainbow Drive Rainbow City, AL 35906
3212 Rainbow Drive, Rainbow City, AL, 35906
$625,000
For Sale
$625,000
SINGLE_FAMILY - Rainbow City, AL
Property Size4,098 SF
Price / SF$152.51
Days on Market25
Property Features for 3212 Rainbow Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Bathrooms
- 7
- Rooms
- Bathroom 7, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 1
- Standard status
- Active
- APN
- 1509291000097.000
- Size
- 4,098 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Vinyl, Carpet
- Roof type
- Shingle
Listing agency
Clokey Realty Inc
(256) 442-1000
Listed by
David Clokey · License #16999
(256) 442-1000
Added: Jun 29 Updated: Jul 23 at 1:21AM Checked: Jul 23 at 6:06AM
MLS# 21922185
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Investment Insights
Based on property information with market context.
This medical office building offers a functional mix of exam and office space with 20 rooms total. The layout includes private offices, exam rooms, reception and waiting areas, a file room, a break room, and restrooms, supporting day-to-day professional and medical operations.
The property is located along a high-traffic corridor with strong visibility and road frontage at 3212 Rainbow Drive in Rainbow City, Alabama. Onsite parking and signage visibility are also available for patient and client access.
With its established interior rooming plan and street-facing presence, the building is suitable for a variety of medical or professional office uses, depending on tenant requirements.
The property is located along a high-traffic corridor with strong visibility and road frontage at 3212 Rainbow Drive in Rainbow City, Alabama. Onsite parking and signage visibility are also available for patient and client access.
With its established interior rooming plan and street-facing presence, the building is suitable for a variety of medical or professional office uses, depending on tenant requirements.
Key Highlights
- 4098 SF medical office building on a high‑traffic corridor with road frontage and signage visibility
- 20 rooms, including private offices, exam rooms, reception areas, waiting rooms, and a file room
- Includes break room and restrooms, with 7 bathrooms listed
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.1k | $19.80 |
| − Vacancy | −$8.5k | −$2.08 |
| EGI | $72.6k | $17.72 |
| − OpEx | −$29.0k | −$7.09 |
| NOI | $43.6k | $10.63 |
4,098 SF · lease $19.80/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$622.5K
$544.7K – $726.2K
NOI $43,572 @ 7.0% cap · market cap 6.97%
Second Best
Office B
$378.1K
$330.8K – $441.1K
NOI $26,467 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$670.0K
$586.3K – $781.7K
NOI $46,903 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Rainbow City Pet Clinic — 3006 Rainbow Dr, Rainbow City, AL 35906
FAQs
What type of property is this?
Medical Office Space - Medical office building with 20 rooms, including private offices and exam rooms, plus onsite parking and signage visibility.
Where is this medical office space located?
The property is located at 3212 Rainbow Drive Rainbow City, AL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4098 SF medical office building on a high‑traffic corridor with road frontage and signage visibility; 20 rooms, including private offices, exam rooms, reception areas, waiting rooms, and a file room; Includes break room and restrooms, with 7 bathrooms listed
