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    Property profile & analytics

    1729 Rainbow Dr Gadsden, AL 35901-5501

    • Turn key restaurants
    • 2,814 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Last Sale
    May 17, 2021
    Location Intelligence
    Property ID
    US03-2542149
    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

    • Don Bigotes Mexican Restaurant Gadsden / Mexican Restaurant

    Property Details for 1729 Rainbow Dr

    Year built
    1974
    Lot size
    0.71 lot acres
    Property size
    2,814 SF
    Property type
    Turn key restaurants
    APN
    15-05-22-0-001-007.000
    APU
    1505220001007000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0079
    Latitude
    33.9804
    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
    $5,521
    $62,120
    $50,560
    $112,680
    -
    $310,600
    $252,800
    $563,400

    Comparable in this City

    • Value Estimation by Request
      2,185 SF

      823 Tuscaloosa Ave

      RESTAURANT • 2,185 SF
      823 Tuscaloosa Ave, Gadsden, AL 35901-3162
      View Details
    • Value Estimation
      $535,000
      11,334 SF

      1504 Rainbow Dr

      RESTAURANT • 11,334 SF
      1504 Rainbow Dr, Gadsden, AL 35901-5322
      View Details
    • Value Estimation
      $310,000
      6,236 SF

      538 Broad St

      RESTAURANT • 6,236 SF
      538 Broad St, Gadsden, AL 35901-3720
      View Details
    • Value Estimation
      $190,000
      2,330 SF

      510 Broad St

      RESTAURANT • 2,330 SF
      510 Broad St, Gadsden, AL 35901-3720
      View Details
    • Value Estimation by Request
      1,182 SF

      502 12th St

      RESTAURANT • 1,182 SF
      502 12th St, Gadsden, AL 35901
      View Details
    • Value Estimation
      $645,000
      11,493 SF

      1606 Rainbow Dr

      RESTAURANT • 11,493 SF
      1606 Rainbow Dr, Gadsden, AL 35901-5324
      View Details

    Similar Nearby for Sale

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      Gadsden Commercial Building For Sale

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      Gadsden Mechanic Shop For Sale

      Three-bay mechanic shop with hydraulic lift in Gadsden, Alabama.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Gadsden Mall Jr Box Spaces

      Prime Retail Space, Flexible Sizes
      1001 Rainbow Dr, Gadsden, AL 35901
      View Details
    • $32 SF/Yr
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      New Retail Space Available

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    • $12 SF/Yr
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      Time Square: Gadsden Office Space

      Gadsden, AL: Versatile office, retail, warehouse
      401 Locust St, Gadsden, AL 35901
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    • $1,200 /Mo

      Office Space in Gadsden, AL

      Office space available for rent in Gadsden, Alabama.
      1907 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
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    Gadsden, AL 35901-5501
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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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