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Property profile

3218 Rainbow Dr Rainbow City, AL 35906

OFF-MARKET
Drive through restaurants
Property ID
US03-2079788
1,641 SF 1.08 ac lot Built 1981
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This fee-simple Sonic property at 3218 Rainbow Dr includes ownership of both the land and the building. The site is located near the intersection of Rainbow Drive and State Highway 77, in a retail corridor with multiple nearby national and regional tenants, and is positioned across from Rainbow Plaza Shopping Center (anchored by Dollar Tree) with adjacent/nearby businesses including PNC Bank, GNC, and America’s Thrift Store. The property is configured as a QSR drive-thru restaurant site with an…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$125k
Assessed land$54k
Assessed improvement$71k
Effective rate4.10%

Value estimate

· Nov 2026
$250k
$225k – $275k
AI approach$250k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionETOWAH

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply11.6
Law Firm11.2
Kitchen & Bath9.7

Location

3218 Rainbow Dr Rainbow City, AL 35906-5805
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 9 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3426 Rainbow, Rainbow City, AL 35906-3204 $160,000 May 2021 3,600 SF
266 Watts, Rainbow City, AL 35906-3374 $165,000 Mar 2021 4,872 SF
3423 Rainbow, Rainbow City, AL 35906-3206 $70,000 Aug 2019 1,800 SF
3517 Montrose, Rainbow City, AL 35906-3306 $75,000 Jan 2019 1,402 SF
3537 Montrose, Rainbow City, AL 35906-3306 $127,000 Nov 2018 4,032 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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