Flexible Retail-Office
2306 W Meighan Boulevard Gadsden, AL 35904
2306 W Meighan Boulevard, Gadsden, AL, 35904
$147,900
For Sale
$147,900
COMMERCIAL - Gadsden, AL
Property Size1,303 SF
Lot Size0.35 Acres
Price / SF$113.51
Days on Market24
Property Features for 2306 W Meighan Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Parking Lot
- Window features
- Display Window(s)
- Exterior features
- Curb/Gutters, Lighting, Sidewalks
- Standard status
- Active
- APN
- 1503061000154.002
- Size
- 1,303 SF
- Lot size
- 0.35 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Flooring type
- Carpet, Vinyl, Concrete
Listing Agency
Era King Real Estate
(256) 442-1030
3327 Rainbow Drive, AL
Listed by
Tokrica Mack · License #73524
(256) 458-2597
Added: Jun 23 Checked: Jul 16 at 11:06 pm
MLS# 21914350
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Investment Insights
Based on property information with market context.
This versatile commercial building offers a flexible interior layout suited for retail, office, or service use. The main area features an open floor plan with updated flooring, fresh paint, and ample overhead lighting. Interior improvements include a breakroom/kitchen area with appliances, private office space, public and private bathrooms, and a dedicated storage area.
The property includes front parking with additional space in the rear, supporting practical day-to-day customer and employee access. Public remarks note the location as convenient with a high traffic count.
With its mix of open work or sales space, private office room(s), multiple bathroom options, and on-site storage, the building can accommodate a range of operational setups within a single footprint.
The property includes front parking with additional space in the rear, supporting practical day-to-day customer and employee access. Public remarks note the location as convenient with a high traffic count.
With its mix of open work or sales space, private office room(s), multiple bathroom options, and on-site storage, the building can accommodate a range of operational setups within a single footprint.
Key Highlights
- Versatile commercial building suited for retail, office, or service use
- Open floor plan with updated flooring and fresh paint
- Ample overhead lighting throughout the interior
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.5k | $15.00 |
| − Vacancy | −$2.3k | −$1.80 |
| EGI | $17.2k | $13.20 |
| − OpEx | −$5.2k | −$3.96 |
| NOI | $12.0k | $9.24 |
1,303 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$172.0K
$150.5K – $200.7K
NOI $12,040 @ 7.0% cap · market cap 8.14%
Second Best
Office B
$120.2K
$105.2K – $140.3K
NOI $8,415 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$213.0K
$186.4K – $248.6K
NOI $14,913 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Versatile commercial building with an open layout, updated finishes, and front parking plus rear space.
Where is this office units located?
The property is located at 2306 W Meighan Boulevard Gadsden, AL.
What is the asking price?
The asking price for this property is $147,900.
What are key features of this property?
This property features: Versatile commercial building suited for retail, office, or service use; Open floor plan with updated flooring and fresh paint; Ample overhead lighting throughout the interior
