Flex Space with Office
113 RAINBOW INDUSTRIAL BLVD, Rainbow City, AL 35906
For Sale
$475,000
Commercial Sale, RAINBOW CITY, AL
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$118.75
Days on Market541
Property Features for 113 RAINBOW INDUSTRIAL BLVD
General Information
Property type
Property subtype
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
Alarm system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Susie Weems Real Estate, LLC
(256) 546-4663
Listed By:
Betty Greer · License AL #64642
(256) 441-9517
Added: May 21, 2025
Changed: Oct 29
Last Checked: Nov 12 at 7:06AM
MLS# 21889455
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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Investment Insights
Based on property information with market context.
At 113 Rainbow Industrial Blvd, this 4,000-square-foot flex property sits on 1 acre in Rainbow City Industrial Park. Built in 1997, it has brick and metal siding, a metal roof, and concrete flooring. Central air and natural gas heating serve the building, with an alarm system assigned to each suite.
The stated applications include professional office, medical, dental, supplier, and warehouse uses. Alabama Power, Spire Gas, city sewer, and public water are available. Parking is situated at both the front and rear of the building, and the property is near I-59 and other major highways.
The stated applications include professional office, medical, dental, supplier, and warehouse uses. Alabama Power, Spire Gas, city sewer, and public water are available. Parking is situated at both the front and rear of the building, and the property is near I-59 and other major highways.
Key Highlights
- 4,000 square feet on a 1‑acre site
- Located in Rainbow City Industrial Park, near I‑59
- Suite‑level alarm systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,938
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,760
$658.8K
Cap Rate 7%
$470,543
$470.5K
Cap Rate 9%
$365,978
$366.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$55.2K $13.80/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$50.7K $12.67/SF
− OpEx
−$17.7K −$4.43/SF
NOI
$32.9K $8.23/SF
Area
Etowah County, AL
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,760
Cap Rate 7%
$470,543
Cap Rate 9%
$365,978
Alternative Uses
Best Use
Flex RnD
$470.5K
$411.7K – $549.0K
NOI $32,938 @ 7.0% cap · market cap 6.93%
Second Best
Warehouse
$314.4K
$275.1K – $366.8K
NOI $22,008 @ 7.0% cap · market cap 4.63%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
$199,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Etowah County, AL
Properties on Market for Flex space in Etowah County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, medical, dental, supplier, and warehouse uses are identified for this industrial park property.
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: 4,000 square feet on a 1‑acre site; Located in Rainbow City Industrial Park, near I‑59; Suite‑level alarm systems
