2012 Rainbow Dr, Gadsden, AL 35901 Property Records

Etowah County property record for 2012 Rainbow Dr, Gadsden, AL 35901

Property Summary

Property Type	Fast Food Restaurant
Details	1 ba · 5,184 sqft · built 1970
Lot Size	0.613 acres (26,681 sqft)
Owner	Company Name on Record
Last Sale	$360,000 (Jan 2018)
Tax Bill	$6,980 (2025)
Deeds & Mortgages	Jul 2018 Mortgage Jan 2018 Foreclosure
Flood Zone	Zone X (minimal risk)
APN	`15-05-21-4-000-015.000`

Property Details

APN / Parcel Number

Primary APN	`15-05-21-4-000-015.000`
Alternative APNs	`226580` `42175`

Interior

Full Baths	1 Bath
Plumbing Fixtures	5 Plumbing Fixtures
Stories	1 Story
Building Area	5,184 sqft Total Area
1st Floor Area	5,184 sqft
Flooring	Laminate Plank
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1970
Effective Year Built	Effective 1970
Exterior Material	EIFS / Synthetic Stucco
Roof Type	Flat
Roof Material	Metal
Lot Area	26,681 sqft (0.613 acres)
Wet Bar	Wet Bar

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C

Location & Zoning

Account Number	226580
Street Address	2012 RAINBOW DR
City	GADSDEN
State	AL
Zip	35901-5569
Property Category	Commercial
Property Type	Commercial > Retail > Fast Food Restaurant
Legal Description	H/S BASE YEAR LTS 4 & 9 BLK 2 CLUBVIEW HEIGHTS PLAT B-224 GADSDEN 21-12-6 1127-557,1430-429,1514-193,1522-13,1694-107,1722-139 EE-127(RED 12-7-90),1735-31,1942-215,D-2001-4803 ORDINACE NO 0-85-05,D-2018-3461717
Legal Range	6E
Legal Township	12S
Legal Section	21
Legal Subdivision	CLUBVIEW HEIGHTS
Legal Block	2
Legal Lot Number	4-9
Jurisdiction	ETOWAH AL
Township / Civil Division	GADSDEN
Census Block Group	1
Census Block	1056
Census Tract	1100

Owner

Source: Etowah County records, as of June 23, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	PO BOX 407, GADSDEN, AL 35902-0407
Owner Type	Company
Vesting	Trust, Family Trust

Deeds, Mortgages & Sale History

Date	Document
Jul 5, 2018	Deed of Trust, Mortgage · Stand-Alone First Mortgage THE EXCHANGE BANK OF ALA
Jan 16, 2018	Trustee's Deed, Foreclosure

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 16, 2018 · Amount on Record
Deed Sale	Jan 16, 2018 · Amount on Record
Deed Document Number	20183461717
Record Updated	Sep 20, 2026

July 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ETOWAH AL
Property Address	2012 RAINBOW DR, GADSDEN, AL 35901-5569
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	3470126
Date	Jul 5, 2018
Instrument	3470126

Lender

Name	THE EXCHANGE BANK OF ALA
Type	Non-Lending Institution
Address	GADSDEN, AL 35902

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount Recorded

January 2018: Trustee's Deed, Foreclosure

Document Type	Trustee's Deed
Jurisdiction	ETOWAH AL
Recording Date	Jan 16, 2018
Property Address	2012 RAINBOW DR, GADSDEN, AL 35901-5569
Document Number	3461717
Instrument Date	Jan 12, 2018
Instrument	3461717
Transaction Type	Foreclosure
Record Updated	Sep 13, 2021

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name
Address	2012 RAINBOW DR, 2012, GADSDEN, AL 35901-5569

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2012 RAINBOW DR, GADSDEN, AL 35901-5569

Tax Assessment & Valuation

Source: Etowah County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Alabama
County	Etowah County
Municipality	Gadsden City
Unified School District	Gadsden City School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$6,980.00 (-16.05%)	$142,460 (-16.04%) Land $18,680 Building $123,780	$712,300 (-16.04%) Land $93,400 Building $618,900
2023	$8,314.00 (+19.11%)	$169,680 (+19.11%) Land $18,680 Building $151,000	$848,400 (+19.11%) Land $93,400 Building $755,000
2022	$6,980.00	$142,460 Land $18,680 Building $123,780	$712,300 Land $93,400 Building $618,900

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective March 21, 2019 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 40% of the US · lower than 66% of Alabama
Wildfire Likelihood	0.1% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF GADSDEN, THE WWSB OF THE serves 44,637 people · EPA ID AL0000577
Water Source	Surface water
Last State Inspection	Jan 2024
Lead	3 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 80 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20

May also be available: AT&T.

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