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    229 Main St Rainsville, AL 35986

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    229 Main St Rainsville, AL 35986

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    • Office properties & Spaces
    • 3,040 SF
    For Sale
    $3,000
    View Listing →
    Rainsville Office Space For Lease For Sale
    $3,000
    3,040 SF

    Rainsville Office Space For Lease

    Downtown Rainsville Office Suites - High Visibility!

    229 Main St, Rainsville, AL 35986
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blissfully Serene Spa & Salon / Spa & Massage Center / Skin Care Clinic
    • Edward Jones - Financial Advisor: Matt Hale / Financial Advisor

    Property Details for 229 Main St

    Property size
    3,040 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional commercial property, located at 229 Main Street West in the heart of Rainsville, Alabama, offers 3,040 square feet of prime office space. The property is ideally situated for maximum visibility on Highway 35, ensuring high traffic and excellent exposure for your business. The space is divisible, offering two separate suites that can be leased individually or together, providing flexibility to suit various business needs and sizes. This presents a unique opportunity for businesses seeking a prominent downtown location with ample parking readily available for clients and employees. The building's strategic placement ensures easy access for customers and employees alike, contributing to a convenient and efficient work environment. The property is perfectly suited for a variety of office or retail businesses looking to establish a strong presence in the thriving Rainsville community. The monthly lease rate is $3000. This is a rare opportunity to secure a highly visible and conveniently located commercial space in a desirable downtown setting. Don't miss out on this chance to establish your business in a prime Rainsville location. Contact us today to schedule a viewing and explore the possibilities. The property sits on a lot with no acreage listed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rainsville
    County
    DEKALB
    State
    Alabama
    Longitude
    -85.8503
    Latitude
    34.4957

    Comparable in this City

    • Value Estimation by Request

      Rainsville, AL 35986

      OFFICE (GENERAL)
      Rainsville, AL 35986
      View Details
    • Value Estimation
      $1,175,000
      9,708 SF

      Rainsville, AL 35986

      OFFICE (GENERAL) • 9,708 SF
      Rainsville, AL 35986
      View Details
    • Value Estimation
      $1,640,000
      17,600 SF

      Rainsville, AL 35986

      OFFICE (GENERAL) • 17,600 SF
      Rainsville, AL 35986
      View Details
    • Value Estimation by Request
      3,906 SF

      Rainsville, AL 35986

      OFFICE (GENERAL) • 3,906 SF
      Rainsville, AL 35986
      View Details
    • Value Estimation by Request
      1,152 SF

      367 Main E St

      OFFICE (GENERAL) • 1,152 SF
      367 Main E St, Rainsville, AL 35986-4545
      View Details
    • Value Estimation by Request
      680 SF

      Rainsville, AL 35986

      OFFICE (GENERAL) • 680 SF
      Rainsville, AL 35986
      View Details

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    • Contact for pricing
      3,040 SF

      Rainsville Office Space For Lease

      Downtown Rainsville Office Suites - High Visibility!
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    • New
      $52,000
      1.00 Acre

      Residential Land in New Subdivision

      One-acre residential lot in a growing, well-planned community.
      Garrett St, Rainsville, AL 35986
      View Details
    • New
      $47,000
      0.90 Acres

      Residential Land in New Subdivision

      Residential land in a growing, well-planned community.
      Garrett St, Rainsville, AL 35986
      View Details
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    Rainsville, AL 35986
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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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