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

    3200 W Meighan Blvd Gadsden, AL 35904

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr ($5,826 /Mo)

    Well-maintained office building with suites available in a central location.

    Property size:
    11,652 SF
    Lot size:
    11,652 SF

    Property Features for 3200 W Meighan Blvd

    General Information

    Size
    11,652 SF

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Ashley Farrell Athon
    Source: Naiglobal

    Listing Agent: Ashley Farrell Athon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Gadsden Office Suites For Lease

    This well-maintained office building features two suites available for lease. Both suites include multiple private offices, common area restrooms, and a break room. The property is centrally located in Gadsden on West Meighan Boulevard, offering convenient access to I-59 and downtown. This location provides easy access to major highways and businesses. Parking is available at the front door. The office suites are nicely appointed and available immediately. The property size is 11,652 square feet.
    Location Intelligence

    Current Use by Public Records

    Etowah County School ... School District Office PASE High School High School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0555072
    Latitude
    34.0211988

    Nearby Similar for Lease

    • $3,500 /Mo

      Waterfront Office Space For Lease

      Prime commercial property with versatile space in a high-traffic area.
      1406 Rainbow Dr, Gadsden, AL 35901
      View Details
    • $1,200 /Mo

      Office Space in Gadsden, AL

      Office space available for rent in Gadsden, Alabama.
      1907 Rainbow Dr, Gadsden, AL 35901
      View Details
    • $1,500 /Mo

      Commercial Building with Roll-Up Doors

      Commercial building suitable for mechanic, detail shop, or light industrial.
      2816 Fields Ave, Gadsden, AL 35904
      View Details
    • $12 SF/Yr
      6,842 SF

      Unique Brewpub/Micro-Distillery Retail Opportunity

      Multi-tenant retail/office building with unique spaces for lease.
      415 Locust St, Gadsden, AL 35901
      View Details
    • $32 SF/Yr
      7,646 SF

      Retail Space with Drive-Thru

      4,146 SF retail space with drive-thru and ample parking.
      508 E Meighan Blvd, Gadsden, AL 35903
      View Details
    • $12 SF/Yr
      36,000 SF

      Versatile Mixed-Use Building in Gadsden

      Multi-tenant building with office, retail, and warehouse spaces for rent.
      401 Locust St, Gadsden, AL 35901
      View Details
    • Contact for pricing

      Freestanding QSR with Drive-Thru

      Former QSR with drive-thru, ample parking, high visibility location.
      3106 East Meighan Blvd, Gadsden, AL 35903
      View Details
    • $12 SF/Yr
      36,000 SF

      Time Square: Gadsden Office Space

      Gadsden, AL: Versatile office, retail, warehouse
      401 Locust St, Gadsden, AL 35901
      View Details
    • $3,000 /Mo

      Gadsden Automotive Property For Rent

      Well-equipped automotive property with service bays and customer parking.
      470 George Wallace Dr, Gadsden, AL 35903
      View Details
    • $12 SF/Yr
      43,000 SF

      Retail Space on Highway 77

      Retail spaces available in Gadsden's primary retail corridor.
      944-968 Gilbert Fry Rd, Gadsden, AL 35904
      View Details
    • $8 SF/Yr
      148,860 SF

      Riverview Plaza: Gadsden Medical Office

      Gadsden medical office space available.
      401 George Wallace Dr, Gadsden, AL 35903
      View Details
    • $18 SF/Yr
      20,194 SF

      Gadsden Medical Office Space Available

      Prime Medical Office Suites in Gadsden, AL
      100 Medical Center Dr, Gadsden, AL 35903
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building with suites available in a central location.
    Where is this office building located?
    The property is located at 3200 W Meighan Blvd Gadsden, AL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Centrally located between I-59 and downtown Gadsden.; - Immediate availability.; - Multiple private offices within suites.
    (843) 509-7213
    Request Owner's contact information
    3200 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.
    3200 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
    3200 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
    Ashley Farrell Athon
    (843) 509-7213
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.