Flex and Office
For Sale
$475,000
113 Rainbow Industrial Blvd, Rainbow City, AL 35906
Flex property with professional office and medical/dental capability, each suite equipped with an alarm system and onsite utilities.
Property Size4,000 SF
Price / SF$118.75
Days on Market436
Property Features for 113 Rainbow Industrial Blvd
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
Alarm system
Building Details
Building Size
4,000 SF
Year Built
1997
Listing Agency:
Susie Weems Real Estate, LLC
(256) 546-4663
Listed By:
Betty Greer · License #64642
(256) 546-4663
Source:
Alabamaland
Added: May 21, 2025
Changed: Jul 28
Last Checked: Jul 30 at 12:30PM
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 Susie Weems Real Estate, LLC
Investment Insights
Based on property information with market context.
This light industrial flex property includes professional office space with suitability for medical or dental use, with an alarm system provided for each suite. The building is supported by Alabama Power, Spire Gas, and city sewer, and it includes both front and back parking areas.
Located within the Rainbow City Industrial Park area, the property offers convenient access to I-59 and other major highways. The large parking lot in front and back supports day-to-day customer and employee needs for a variety of service-oriented and light industrial operations.
The layout is designed to combine office functionality with light industrial use, with dedicated suite security to support a tenant mix requiring both professional space and operational flexibility.
Located within the Rainbow City Industrial Park area, the property offers convenient access to I-59 and other major highways. The large parking lot in front and back supports day-to-day customer and employee needs for a variety of service-oriented and light industrial operations.
The layout is designed to combine office functionality with light industrial use, with dedicated suite security to support a tenant mix requiring both professional space and operational flexibility.
Key Highlights
- 1997‑built light industrial flex property in the Rainbow City Industrial Park
- Suites designed for professional office and medical/dental use
- Each suite includes an alarm system
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 | $79.2k | $19.80 |
| − Vacancy | −$8.3k | −$2.08 |
| EGI | $70.9k | $17.72 |
| − OpEx | −$28.4k | −$7.09 |
| NOI | $42.5k | $10.63 |
4,000 SF · lease $19.80/SF/yr · vacancy 10.50% · expense 40.00%
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
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
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property with professional office and medical/dental capability, each suite equipped with an alarm system and onsite utilities.
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: 1997‑built light industrial flex property in the Rainbow City Industrial Park; Suites designed for professional office and medical/dental use; Each suite includes an alarm system
