Office Unit Near Shopping
New
For Sale
$165,000
506 Sutton Bridge Road, Rainbow City, AL 35906
Business Opportunity, Rainbow City, AL
Property Size1,080 SF
Lot Size0.37 Acres
Price / SF$152.78
Days on Market1
Property Features for 506 Sutton Bridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
From Hwy 411, Turn On To Sutton Bridge Road. Property Is .25 Miles On The Right.
Standard status
Active
Size
1,080 SF
Lot size
0.37 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Wood, Carpet
Listing Agency:
Alabama Lake Homes
(256) 557-1365
Listed By:
Mark Westcott · License #128634
(256) 441-0667
Added: Sep 16
Last Checked: Sep 16 at 9:06PM
MLS# 21929281
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Investment Insights
Based on property information with market context.
This 1,080-square-foot office unit sits on a 0.37-acre parcel at 506 Sutton Bridge Road in Rainbow City, Alabama. The interior includes wood and carpet flooring along with a bathroom, providing a practical foundation for office use.
Public water and public sewer serve the property. The site is near Publix and surrounding shopping centers, offering an identifiable commercial setting in Etowah County. Its location and existing office configuration support a range of business uses appropriate for the property.
Public water and public sewer serve the property. The site is near Publix and surrounding shopping centers, offering an identifiable commercial setting in Etowah County. Its location and existing office configuration support a range of business uses appropriate for the property.
Key Highlights
- 1,080‑square‑foot office unit
- 0.37‑acre parcel
- Wood and carpet flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$139,500
$139.5K
Cap Rate 7%
$99,643
$99.6K
Cap Rate 9%
$77,500
$77.5K
Market Conditions
NOI Build-Up for 1,080 SF
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.
Gross rent
$11.9K $11.04/SF
− Vacancy
−$2.6K −$2.43/SF
EGI
$9.3K $8.61/SF
− OpEx
−$2.3K −$2.15/SF
NOI
$7.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$139,500
Cap Rate 7%
$99,643
Cap Rate 9%
$77,500
Alternative Uses
Best Use
Office B
$99.6K
$87.2K – $116.3K
NOI $6,975 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A 1,080-square-foot office property with public utilities, a bathroom, and mixed wood and carpet flooring.
Where is this office units located?
The property is located at 506 Sutton Bridge Road Rainbow City, AL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,080‑square‑foot office unit; 0.37‑acre parcel; Wood and carpet flooring
