Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2316 W Meighan Blvd Gadsden, AL 35904

    Sponsored
    For Sale
    $299,000

    COMMERCIAL - Gadsden, AL

    Property size:
    1,000 SF
    Lot size:
    0.18 Acres
    Days on Market:
    59
    Last Refresh:
    Feb 4 at 1:06 pm

    Property Features for 2316 W Meighan Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1503061000151.000
    Size
    1,000 SF
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete

    We can help!

    Listing Contact
    Dylan Brooks

    Keller Williams Gadsden (256) 467-8604

    Listing agent Dylan Brooks (256) 390-5777 License #162109

    Listing date Dec 8, 2025

    MLS# 21905237

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Gadsden Commercial Property for Sale

    Located in Gadsden, Alabama, this commercial property offers approximately 1000 square feet of space on a 0.18-acre lot. The property is classified as a specialty property. It is located at 2316 W Meighan Boulevard, Gadsden, AL 35904.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.039549
    Latitude
    34.022674

    Nearby Similar for Sale

    • $450,000
      42.17 Acres

      42-Acre Multi-Use Opportunity

      Versatile property on 42 acres with diverse recreational and commercial potential.
      445 White Oak Dr, Gadsden, AL 35905
      View Details
    • $649,900
      0.57 Acres

      Office Building with Tenant

      Office property in Gadsden, AL with tenant in place.
      305 S 4Th St, Gadsden, AL 35901
      View Details
    • $1,100,000
      9,200 SF

      Gadsden Commercial Building For Sale

      Three-story commercial building with parking in Gadsden, Alabama.
      101 Broad St, Gadsden, AL 35901
      View Details
    • $149,900
      2,066 SF

      Historic Alabama City Commercial Opportunity

      Commercial space in historic Alabama City, perfect for various businesses.
      218 Wall St, Gadsden, AL 35904
      View Details
    • $365,000
      7,954 SF

      Gadsden Office Building on Highway

      Multi-use office building with high visibility and access.
      2600 E Meighan Blvd, Gadsden, AL 35903
      View Details
    • $625,000
      7,443 SF

      Historic Downtown Gadsden Commercial Building

      Commercial building with retail space and studio apartment in Gadsden.
      520 Broad St, Gadsden, AL 35901
      View Details
    • $135,000
      5,700 SF

      Large Building on Corner Lot

      Corner lot building with parking, suitable for various businesses.
      3204 Forrest Ave, Gadsden, AL 35904
      View Details
    • $437,500
      2,574 SF

      Gadsden Medical Office For Sale

      Duplex-style medical office near Riverview Regional Medical Center.
      427 S 4Th St, Gadsden, AL 35901
      View Details
    • $244,500
      2,590 SF

      Downtown Gadsden Commercial Office Space

      Versatile commercial property in downtown Gadsden with private offices.
      756 Walnut St, Gadsden, AL 35901
      View Details
    • $499,900
      7,281 SF

      Downtown Gadsden Commercial Building

      7,300 SF +/- commercial building in downtown Gadsden, Alabama.
      534 Walnut St, Gadsden, AL 35901
      View Details
    • New
      $499,900
      9,696 SF

      Gadsden Office Warehouse on Two Acres

      Office warehouse facility near Highway 431, I-59, and downtown Gadsden.
      1229 Malone St, Gadsden, AL 35904
      View Details
    • $129,000
      900 SF

      Gadsden Retail Property For Sale

      Retail property with high visibility and multiple buildings in Gadsden.
      224 Princeton Ave, Gadsden, AL 35904
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property in Gadsden, Alabama, ideal for various business ventures.
    Where is this specialty property located?
    The property is located at 2316 W Meighan Blvd Gadsden, AL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Concrete Flooring; - Public Water Source; - Public Sewer
    (256) 467-8604
    Request Owner's contact information
    2316 W Meighan Blvd Gadsden, AL 35904
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2316 W Meighan Blvd
    Gadsden, AL 35904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2316 W Meighan Blvd Gadsden, AL 35904
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dylan Brooks
    (256) 467-8604
    Learn more
    Google sign-in failed. Please try again or use another login method.