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    3525 Rainbow Dr Rainbow City, AL 35906
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    3525 Rainbow Dr Rainbow City, AL 35906

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    • Commercial land
    For Sale
    $285,000
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    Rainbow City Commercial Land Opportunity For Sale
    $285,000

    Rainbow City Commercial Land Opportunity

    Prime commercial land in Rainbow City, ideal for various ventures.

    3525 Rainbow Dr, Rainbow City, AL 35906
    View Listing
    Property ID
    US03-2067955
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3525 Rainbow Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    3525 Rainbow Drive is a prime property strategically situated in the Rainbow City area. This versatile property offers an exceptional opportunity for land and other investors seeking a lucrative venture. Boasting a coveted location and zoned for highway commercial use, it presents an ideal canvas for a wide array of business ventures. Rainbow City, AL holds the potential to be an ideal location for your next investment in office space. Situated just a short drive from Birmingham, the area offers a dynamic mix of commercial and residential development, making it an attractive prospect for office building investors. Enjoy premier access to essential amenities, including a range of dining options, retail centers, and recreational facilities. Nearby attractions such as the picturesque Coosa River and serene Noccalula Falls Park provide a perfect balance between work and leisure. With its strategic positioning and promising growth, the area presents a compelling opportunity for investors seeking to capitalize on the expanding Birmingham market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rainbow City
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0431845
    Latitude
    33.9536786

    Comparable in this City

    • $125,000

      Commercial Lot in Growing Area

      Commercial lot available in Rainbow City's growing area.
      001 Steele Station Rd, Rainbow City, AL 35906
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    • $750,000
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      Rainbow City Land For Sale

      2.7 acre commercial land with highway frontage in Rainbow City.
      Rainbow City, AL 35906
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    • $49,900
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      Land in Rainbow City, AL

      Land for sale in Rainbow City, Alabama.
      209 Vera Ln, Rainbow City, AL 35906
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    • $95,500
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      Rainbow City Commercial Corner Lot

      Commercial or residential lot with highway frontage in Rainbow City.
      4012 Us Highway 411, Rainbow City, AL 35906
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    • $49,900
      0.40 Acres

      Land in Rainbow City, AL

      Land for sale in Rainbow City, Alabama.
      208 Vera Ln, Rainbow City, AL 35906
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    • $189,900
      2.05 Acres

      Commercial Lot in Rainbow City

      Highly visible 2+ acre corner lot for business opportunities.
      Sutton Bridge Rd, Rainbow City, AL 35906
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    Similar Nearby for Sale

    • $975,000

      Rainbow City Commercial Land For Sale

      1.9 acre commercial tract with high visibility and traffic.
      3209 Rainbow Dr, Rainbow City, AL 35906
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    • $975,000
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      Rainbow City Commercial Land For Sale

      1.9 acre commercial tract with high visibility and road frontage.
      3209 Rainbow Dr, Rainbow City, AL 35906
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    • $49,900
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      Land in Rainbow City, AL

      Land available in Rainbow City, Alabama.
      200 Vera Ln, Rainbow City, AL 35906
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      0.47 Acres

      Land For Sale, Rainbow City

      Land available in Rainbow City, Alabama.
      Sweetwater Ln, Rainbow City, AL 35906
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    • $125,000
      0.90 Acres

      Commercial Lot in Rainbow City

      Commercial lot available in Rainbow City's growing area.
      001 Steele Station Rd, Rainbow City, AL 35906
      View Details
    • $75,000
      0.43 Acres

      Commercial Lot in Rainbow City

      Prime commercial lot with high visibility in Rainbow City, AL.
      Rainbow City, AL 35906
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Established Neighborhood Shopping Center Space

      Retail space in Rainbow City's well-trafficked Sutton Square.
      110 Sutton Sq, Rainbow City, AL 35906
      View Details
    • Contact for pricing

      Rainbow City Retail Space Available

      Retail spaces available in Rainbow City, Alabama, near Publix.
      115 W Grand Ave, Rainbow City, AL 35906
      View Details
    • $8 SF/Yr

      Rainbow City Commercial Property For Lease

      Newly renovated commercial property suitable for retail, office, or medical use.
      3225 Rainbow Dr, Rainbow City, AL 35906
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    • Contact for pricing

      Retail Space in Rainbow City

      Neighborhood shopping center with high visibility and convenient access.
      110 Sutton Sq, Rainbow City, AL 35906
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    • Contact for pricing

      Rainbow City Commercial Property For Lease

      Newly renovated commercial property suitable for retail, office, or medical use.
      3225 Rainbow Dr, 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
    View Listing
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    Rainbow City, AL 35906
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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