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    Rainbow City Commercial Land ForSale Title is generated by Realmo AI

    905 W Grand Ave, Rainbow City, AL 35906

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    Commercial land in high-traffic area near Rainbow Industrial Park.

    Type:Land
    Added:
    Sep 10, 2022
    Days on Market:
    1365
    Last Refresh:
    May 20 at 8:16 pm

    Property Features for 905 W Grand Ave

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Tammy Johnson CCIM

    Listing agent Tammy Johnson CCIM License #AL 000045102

    Listing office Commercial Realty Partner - Birmingham

    Listing date Sep 10, 2022

    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

    HighLights

    • High traffic count: 22,000 vehicles per day.
    • Strategic location on Hwy 77 (4 lanes), 2 miles from I‑59 and Rainbow Drive (Hwy 411).
    • Proximity to Rainbow Industrial Park with over 1500 employees.
    • Favorable demographics: Population of 14,000 within 3 miles and average HHI of $63,000.
    • Close to retail: 3 miles from Walmart and 2 miles from Publix.
    • Nearby schools: Westbrook Christian Academy (600 students) and Gadsden City High School (1500 students).

    Overview

    Located in Rainbow City on Highway 77, this commercial land is positioned on a four-lane highway, approximately two miles from Interstate 59 and two miles from Rainbow Drive (Highway 411), also a four-lane road. The site is situated three miles from Walmart and two miles from Publix. Rainbow Industrial Park, employing over 1,500 individuals, is located within a half-block of the property. Traffic counts average 22,000 vehicles per day. The population within a three-mile radius is approximately 14,000, and within a five-mile radius, it is around 46,000, with an average household income of $63,000. There are 35 patio homes under construction on an adjacent property. Westbrook Christian Academy, with 600 students, is located half a mile away, and the new Gadsden City High School, with 1,500 students, is within a mile. The property is suitable for businesses such as an oil change facility, carwash, or fast food restaurant.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Rainbow City
    County
    Etowah
    State
    Alabama
    Longitude
    -87.6585886
    Latitude
    34.7500716

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    FAQs

    What type of property is this?
    Commercial land - Commercial land in high-traffic area near Rainbow Industrial Park.
    Where is this commercial land located?
    The property is located at 905 W Grand Ave Rainbow City, AL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: High traffic count: 22,000 vehicles per day.; Strategic location on Hwy 77 (4 lanes), 2 miles from I‑59 and Rainbow Drive (Hwy 411).; Proximity to Rainbow Industrial Park with over 1500 employees.
    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
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    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
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