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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

902 Grand Ave Rainbow City, AL 35906

1.6 ac lot
Property ID
Property summary
AI-generated overview

This 1.6-acre commercial land parcel presents a prime retail investment opportunity in Rainbow City, Alabama. Located on Highway 77 (a four-lane road), this HC Highway Commercial zoned property boasts exceptional visibility and accessibility. Its strategic position offers proximity to major thoroughfares, including Interstate 59 (two miles) and Highway 411 (two miles), ensuring high traffic volume. The site benefits from a daily traffic count of 22,000 vehicles. Furthermore, the property is conveniently located near significant retail anchors such as Walmart (three miles) and Publix (two miles), enhancing its appeal to potential tenants. The surrounding area demonstrates strong demographic indicators, with a population of 14,000 within a three-mile radius and 46,000 within a five-mile radius, and an average household income of $63,000. Adding to its desirability, the property is situated near the Rainbow Industrial Park, employing over 1,500 individuals, and adjacent to a development of 35 patio homes currently under construction. Educational institutions, including Westbrook Christian Academy (600 students, half a mile away) and the new Gadsden City High School (1,500 students, within one mile), further contribute to the area's vibrant community. The asking price for this exceptional retail outparcel is $475,000.

Property profile
Verified
Property type Retail properties & Spaces
Lot 1.6 ac (69,696 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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