Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1001 Rainbow Dr Gadsden, AL 35901

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for rent next to bowling and entertainment.

    Type:Retail, Office, Restaurant
    Added:
    Mar 26, 2024
    Days on Market:
    753
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 1001 Rainbow Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 1001 Rainbow Dr Contact us

    Available Space 61 $20 /Mo

    Size
    Type
    Retail, Office, Restaurant
    Former Restaurant with equipment
    Contact us

    Available Space D2/D3 $12 /Mo

    Size
    11,700 SF
    Type
    Retail, Office, Restaurant
    Contact us

    We can help!

    Listing Contact
    Tammy Johnson CCIM

    Listing agent Tammy Johnson CCIM License #AL 000045102

    Listing office Commercial Realty Partner - Birmingham

    Listing date Mar 26, 2024

    Source Crexi

    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 Commercial Realty Partner - Birmingham

    Overview

    Retail Space Next to Entertainment

    This retail space is located next to the Alley Bowling and Entertainment Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Eagle Men'S Clothing Store Citi Trends Clothing Store rue21 Clothing Store Maurices Clothing & Fashion Store Jimmy Jazz Clothing Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0076769
    Latitude
    33.9944637

    Nearby Similar for Lease

    • Contact for pricing

      Gadsden Office Space Available

      Office space for lease in Gadsden, Alabama.
      1907 Rainbow Drive, Gadsden, AL 35901
      View Details
    • Contact for pricing

      Waterfront Commercial Property in Gadsden

      Prime commercial space with waterfront views, suitable for diverse businesses.
      1406 Rainbow Drive, Gadsden, AL 35901
      View Details
    • Contact for pricing

      Gadsden Commercial Building with Lift

      Commercial building with roll-up doors and lift for rent.
      2816 Fields Avenue, Gadsden, AL 35904
      View Details
    • $12/mo

      Unique Brewpub/Micro-Distillery Retail Opportunity

      Multi-tenant retail/office building with unique spaces for lease.
      415 Locust St, Gadsden, AL 35901
      View Details
    • $6/mo

      Gadsden Office Suites For Lease

      Well-maintained office building with suites available in a central location.
      3200 W Meighan Blvd, Gadsden, AL 35904
      View Details
    • $12/mo

      Versatile Mixed-Use Building in Gadsden

      Multi-tenant building with office, retail, and warehouse spaces for rent.
      401 Locust Street, Gadsden, AL 35901
      View Details
    • $12/mo

      Retail Space on Highway 77

      Retail spaces available in Gadsden's primary retail corridor.
      944-968 Gilbert Ferry Road, Gadsden, AL 35904
      View Details
    • Contact for pricing

      Gadsden Warehouses for Lease

      Two 176,000 SF warehouses available for lease in Gadsden.
      407 Rains Air Depot Road, Gadsden, AL 35903
      View Details
    • $12/mo

      Retail Outparcel Building For Rent

      Retail space available in a centrally located outparcel building.
      301 George Wallace Dr, Gadsden, AL 35903
      View Details
    • Contact for pricing

      Gadsden Office Suites For Rent

      Well-maintained office building with suites available for immediate lease.
      3200 W Meighan Blvd, Gadsden, AL 35904
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      4,146 SF retail space with drive-thru and ample parking.
      508 E Meighan Blvd, Gadsden, AL 35903
      View Details
    • $12/mo

      Downtown Gadsden Office Space

      Office space in downtown Gadsden with ample parking.
      200 Broad Street, Gadsden, AL, 35901
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for rent next to bowling and entertainment.
    Where is this retail space located?
    The property is located at 1001 Rainbow Dr Gadsden, AL.
    What are key features of this property?
    This property features: Location next to the Alley Bowling and Entertainment Center.; Jr Box Space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tammy Johnson CCIM
    Real Estate License ID: AL 000045102
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!