Office Building with Private
100 SPURLOCK STREET, Rainbow City, AL 35906
For Sale
$269,000
Commercial Sale, RAINBOW CITY, AL
Property Size1,740 SF
Price / SF$154.60
Days on Market91
Property Features for 100 SPURLOCK STREET
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Clokey Realty Inc
(256) 442-1000
Listed By:
Amelia Phillips · License AL #176709
(205) 563-2066
Added: Aug 14
Changed: Oct 29
Last Checked: Nov 12 at 6:06AM
MLS# 21926535
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,740-square-foot office building has eight rooms, including four private offices, a reception area, a waiting room, and a break room. Block construction, carpet and tile flooring, a shingle roof, central air, and heat-pump heating serve the building. Two bathrooms are listed among the property features.
The property is at 100 Spurlock Street in Rainbow City, just off Rainbow Drive. Public water is available.
The property is at 100 Spurlock Street in Rainbow City, just off Rainbow Drive. Public water is available.
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
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
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
NOI $19,915 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
375
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An eight-room layout provides reception, waiting, break, and private office areas.
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
