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Property profile & analytics
FOR LEASE
Investment properties

3225 Rainbow Dr Rainbow City, AL 35906

104,835 SF 15.9 ac lot Built 1972
Entity Owned Absentee Owner Free & Clear
Property ID
US03-2217711
Property summary
AI-generated overview

Rainbow Plaza, located at 3225 Rainbow Dr, Rainbow City, AL 35906, presents a significant retail investment opportunity. This newly renovated, multi-tenant retail strip center boasts a total of 219,473 square feet, situated on a generous 28.5 acres of land. The property offers exceptional visibility and convenient access, ensuring high traffic flow for businesses. With 500 parking spaces available, customer and employee convenience is maximized. Currently, there are 87,672 square feet of vacant space available, divisible into units as small as 1,200 square feet, and ranging up to 28,070 square feet, providing flexibility for a variety of retail tenants. The property's versatile layout is suitable for a range of uses, including retail, office, or medical spaces. Its prime location in Rainbow City, Alabama, offers businesses the chance to establish a strong presence in a thriving community. The property's strategic positioning ensures high traffic and easy access for customers and employees. This is an exceptional opportunity to secure a prominent location in a high-traffic area with ample parking and customizable space. The property's recent renovations ensure a modern and attractive environment for tenants and customers alike. This is a rare opportunity to acquire a substantial retail space in a desirable location.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1972
Construction CONCRETE BLOCKS
Total area 104,835 SF
Lot 15.9 ac (692,604 SF)
APN 15-09-29-2-000-007.002
UPID US03-2217711
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
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$1.14M
Owner & transaction history
RAINBOW PLAZA ASSOCIATES,
RAINBOW PLAZA ASSOCIATES,
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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