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    Property profile & analytics

    3331 Rainbow Dr Rainbow City, AL 35906-6205

    • Investment properties
    • 56,057 SF
    • 4.50 lot acres
    OFF-MARKET
    Value Estimation
    $1,085,000
    Location Intelligence
    Property ID
    US03-2600351
    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

    • Investment properties

    Property Details for 3331 Rainbow Dr

    Year built
    1997
    Construction
    WOOD
    Lot size
    4.50 lot acres
    Property size
    56,057 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    15-09-29-3-000-004.000
    APU
    1509293000004000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,035,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,300,000
      6.5%
      $1,370,000
      7%
      $1,390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,440,000
      Geo Method
      $1,490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,380,000
      Retail
      $1,440,000
      Mixed-Use
      $1,485,000
      Hospitality
      $1,385,000
      Educational
      $1,200,000
      Residential Income
      $1,405,000
      Energy
      $1,550,000
      Income-Based Land
      $1,275,000
      Food Service
      $1,415,000

    Location Insight

    • Map
    • Local Demand
    City
    Rainbow City
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0371
    Latitude
    33.9601
    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
    $28,771
    $68,460
    $633,260
    $701,720
    -
    $342,300
    $3,166,300
    $3,508,600

    Comparable in this City

    • Value Estimation by Request
      3,109 SF

      619 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,109 SF
      619 Grand Ave, Rainbow City, AL 35906-3333
      View Details
    • Value Estimation by Request
      3,444 SF

      4967 Rainbow Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,444 SF
      4967 Rainbow Dr, Rainbow City, AL 35906-8607
      View Details
    • Value Estimation
      $395,000
      2,413 SF

      730 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,413 SF
      730 Grand Ave, Rainbow City, AL 35906-3331
      View Details
    • Value Estimation
      $825,000
      49,764 SF

      110 Rainbow Cv

      OFFICE/RESIDENTIAL (MIXED USE) • 49,764 SF
      110 Rainbow Cv, Rainbow City, AL 35906
      View Details
    • Value Estimation
      $350,000
      1,578 SF

      Rainbow Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,578 SF
      Rainbow Dr, Rainbow City, AL 35906
      View Details
    • Value Estimation
      $420,000
      10,179 SF

      2903 Rainbow Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 10,179 SF
      2903 Rainbow Dr, Rainbow City, AL 35906-5817
      View Details

    Similar Nearby for Sale

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    • $49,900
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      Land For Sale, Rainbow City

      Land available in Rainbow City, Alabama.
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      Land For Sale, Rainbow City

      Land available in Rainbow City, Alabama.
      206 Vera Ln, Rainbow City, AL 35906
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    • $49,900
      0.40 Acres

      Land Lot in Rainbow City

      Residential land lot available in Rainbow City, Alabama.
      208 Vera Ln, Rainbow City, AL 35906
      View Details
    • $95,500
      0.75 Acres

      Rainbow City Commercial/Residential Lot

      Corner lot with road frontage, zoned for commercial/residential use.
      4012 Hwy, Rainbow City, AL 35906
      View Details
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      Rainbow City Commercial Land Available

      3.2 acres of commercial land with high visibility.
      521 Grand Ave, Rainbow City, AL 35906
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    Similar Nearby for Lease

    • Contact for pricing
      59,584 SF

      Rainbow Crossing Retail Spaces

      Etowah County retail spaces available.
      115 Grand Ave, Rainbow City, AL 35906
      View Details
    • Contact for pricing

      Rainbow City Retail Space Available

      Retail space for lease in Rainbow City, Alabama.
      3331 Rainbow Dr, Rainbow City, AL 35906
      View Details
    • Contact for pricing
      43,560 SF

      Rainbow City Retail Opportunity

      Prime 0.7-acre lot, build-to-suit.
      3354 Rainbow Dr, Rainbow City, AL 35906
      View Details
    • $8 SF/Yr
      219,473 SF

      Rainbow Plaza Retail Center

      Alabama Retail Space: High Visibility, Ample Parking
      3225 Rainbow Dr, Rainbow City, AL 35906
      View Details
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    3331 Rainbow Dr
    Rainbow City, AL 35906-6205
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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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