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    Property profile & analytics

    1423 Rainbow Dr Gadsden, AL 35901-5397

    • Office buildings
    • 4,318 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $550,000
    Last Sale
    Jun 03, 2021
    $485,000
    Location Intelligence
    Property ID
    US03-2713850
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Riverview Imaging Center / Medical Diagnostic Imaging Center
    • Bobbie Dunnington, Realtor / Real Estate Agent / Real Estate Agency
    • Rachel Hicks, Impact Realty / Real Estate Agency
    • Mark Cassidy, Realtor / Real Estate Agent
    • Impact Realty, LLC / Real Estate Agency / Real Estate Agent

    Property Details for 1423 Rainbow Dr

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    4,318 SF
    Property type
    Office buildings
    APN
    15-05-15-3-000-006.000
    APU
    1505153000006000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $535,000
      6.5%
      $555,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $585,000
      Retail
      $505,000
      Mixed-Use
      $530,000
      Hospitality
      $435,000
      Educational
      $510,000
      Residential Income
      $555,000
      Energy
      $550,000
      Income-Based Land
      $440,000
      Food Service
      $560,000

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0057
    Latitude
    33.9849
    CBSA code
    23460
    CBSA name
    GADSDEN, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,422
    $27,260
    $62,980
    $90,240
    -
    $136,300
    $314,900
    $451,200

    Comparable in this City

    • Value Estimation by Request
      1,399 SF

      406 Duncan St

      OFFICE BUILDING • 1,399 SF
      406 Duncan St, Gadsden, AL 35901-4226
      View Details
    • Value Estimation by Request
      2,925 SF

      314 Ewing Ave

      OFFICE BUILDING • 2,925 SF
      314 Ewing Ave, Gadsden, AL 35901-2519
      View Details
    • Value Estimation by Request
      2,556 SF

      1034 Forrest Ave

      OFFICE BUILDING • 2,556 SF
      1034 Forrest Ave, Gadsden, AL 35901-3540
      View Details
    • Value Estimation by Request
      1,547 SF

      1125 Forrest Ave

      OFFICE BUILDING • 1,547 SF
      1125 Forrest Ave, Gadsden, AL 35901-3541
      View Details
    • Value Estimation by Request
      1,750 SF

      945 Meighan Blvd

      OFFICE BUILDING • 1,750 SF
      945 Meighan Blvd, Gadsden, AL 35901
      View Details
    • Value Estimation by Request
      5,742 SF

      500 Tuscaloosa Ave

      OFFICE BUILDING • 5,742 SF
      500 Tuscaloosa Ave, Gadsden, AL 35901-3232
      View Details

    Similar Nearby for Sale

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      Gadsden Commercial Building For Sale

      Three-story commercial building with parking in Gadsden, Alabama.
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      View Details
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      Downtown Gadsden Multi-Tenant Building

      Multi-tenant building in high-traffic downtown Gadsden, Alabama.
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      Office Building with Tenant

      Office property in Gadsden, AL with tenant in place.
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    • $585,000
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      Gadsden Commercial Property For Sale

      Commercial property suitable for office or religious activities.
      813 Chestnut St, Gadsden, AL 35901
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    • $399,900
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      Gadsden Office Space For Sale

      Timeless office space near Riverview Regional Medical Center.
      704 S 4Th St, Gadsden, AL 35901
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      Downtown Gadsden Office with Expansion

      Charming office building in downtown Gadsden with room to expand.
      409 S 4Th St, Gadsden, AL 35901
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    Similar Nearby for Lease

    • $1,200 /Mo

      Office Space in Gadsden, AL

      Office space available for rent in Gadsden, Alabama.
      1907 Rainbow Dr, Gadsden, AL 35901
      View Details
    • $12 SF/Yr
      502,000 SF

      Gadsden Mall Jr Box Spaces

      Prime Retail Space, Flexible Sizes
      1001 Rainbow Dr, Gadsden, AL 35901
      View Details
    • $3,500 /Mo

      Waterfront Office Space For Lease

      Prime commercial property with versatile space in a high-traffic area.
      1406 Rainbow Dr, Gadsden, AL 35901
      View Details
    • $12 SF/Yr
      36,000 SF

      Time Square: Gadsden Office Space

      Gadsden, AL: Versatile office, retail, warehouse
      401 Locust St, Gadsden, AL 35901
      View Details
    • $12 SF/Yr
      6,842 SF

      Unique Brewpub/Micro-Distillery Retail Opportunity

      Multi-tenant retail/office building with unique spaces for lease.
      415 Locust St, Gadsden, AL 35901
      View Details
    • $32 SF/Yr
      1,500 SF

      New Retail Space Available

      New construction retail suites with drive-thru near downtown Gadsden.
      401 W Meighan Blvd, Gadsden, AL 35901
      View Details
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    Gadsden, AL 35901-5397
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    Realmo Value Estimation

    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.

    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.

    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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