2725 Rainbow DrRainbow City, AL 35906

Property Details for 2725 Rainbow Dr

Year built

1992

Construction

CONCRETE BLOCKS

Lot size

0.49 AC

Property size (Sq ft)

1,795 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

15-09-29-1-000-107.002

APU

1509291000107002

Description

This exceptional freestanding office building in Rainbow City, Alabama, offers 2,624 square feet of versatile space, ideal for a variety of office uses. The two-story building boasts a prime location directly off Rainbow Drive, ensuring excellent visibility and easy access for clients and employees. Its convenient proximity to Gadsden, AL provides easy commuting. The interior layout includes seven individual offices, two restrooms, a dedicated conference room, a small break room, and ample storage with more than five storage closets. Previously used as a medical administrative office, the space is well-maintained and ready for immediate occupancy. The property sits on a 0.13-acre lot and features onsite parking, adding to its convenience. The building's Class C designation reflects its solid structure and functional design. The entire 2,624 square feet is currently vacant, presenting a unique opportunity for a single tenant to customize the space to their specific needs. This is a rare opportunity to secure a well-located, versatile office building in a thriving area. The high traffic flow on Rainbow Drive guarantees significant visibility for your business. Don't miss this chance to establish your presence in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $558,086

  6.5%

  $515,156

  7%

  $478,359

• Comparable approach

  Method

  Valuation

  Relative Method

  $736,816

  Geo Method

  $882,334

• Alternative Use

  Use

  Valuation

  Residential

  $434,554

  Hospitality

  $398,049

  Educational

  $331,172

  Medical

  $342,561

  Retail

  $515,156

Location Insight

City

Rainbow City

County

Etowah

State

Alabama

Latitude

33.9637

Longitude

-86.0285

CBSA code

23460

CBSA name

GADSDEN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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