Building Details

Building Size 1,740 SF

Buildings 1

Listing Agency: Clokey Realty Inc

Listed By: Amelia Phillips · License #176709 Show Phone

Source: Intownpartners

Added: Aug 14 Changed: Oct 27 Last Checked: Oct 27 at 4:14AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clokey Realty Inc

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,740-square-foot office building is arranged as eight rooms, with four private offices alongside a waiting room, reception area, and break room. The existing configuration provides a range of distinct work and service areas within the building.

The property is at 100 Spurlock Street in Rainbow City, just off Rainbow Drive.

Key Highlights

• 1,740‑square‑foot office building
• Eight rooms, including four private offices
• Waiting room, reception area, and break room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,238

Cap Rate

4.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$224,760 $224.8K

Cap Rate 7%

$160,543 $160.5K

Cap Rate 9%

$124,867 $124.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,740 SF

Gross rent

$19.2K $11.04/SF

− Vacancy

−$4.2K −$2.43/SF

EGI

$15.0K $8.61/SF

− OpEx

−$3.7K −$2.15/SF

NOI

$11.2K $6.46/SF

Area

Etowah County, AL

Vacancy

22.00%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$224,760

Cap Rate 7%

$160,543

Cap Rate 9%

$124,867

Alternative Uses

Best Use

Office B

$160.5K

$140.5K – $187.3K (±1% cap)

NOI $11,238 @ 7.0% cap · market cap 4.18%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$284.5K

$248.9K – $331.9K (±1% cap)

NOI $19,915 @ 7.0% cap · market cap 7.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply HVAC Service Law Firm Kitchen & Bath Showroom Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

45

Businesses Nearby

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office building - An eight-room layout includes reception, a waiting room, break room, and four private offices.

Where is this office building located?

The property is located at 100 Spurlock Street Rainbow City, AL.

What is the asking price?

The asking price for this property is $269,000.

What are key features of this property?

This property features: 1,740‑square‑foot office building; Eight rooms, including four private offices; Waiting room, reception area, and break room