Flexible Retail-Office
For Sale
$147,900
2306 W Meighan Boulevard, Gadsden, AL 35904
COMMERCIAL - Gadsden, AL
Property Size1,303 SF
Lot Size0.35 Acres
Price / SF$113.51
Days on Market39
Property Features for 2306 W Meighan Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Window features
Display Window(s)
Exterior features
Curb/Gutters, Lighting, Sidewalks
Subdivision
Kyle Addition
Lot features
High Visibility
Directions
Hwy 411 To W Meighan Boulevard, Property Will Be On Your Right.
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
Concrete, Vinyl, Carpet
Listing Agency:
Era King Real Estate
(256) 442-1030
Listed By:
Tokrica Mack · License #73524
(256) 458-2597
Added: Jun 23
Changed: Jul 28
Last Checked: Jul 31 at 12:06AM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 35904, AL
13,559
Population
6,272
Households
2.2
Avg Household Size
41
Median Age
11%
College-Educated
80%
High-School Grad
48.8 sq mi
ZIP Area
278
Density / Sq Mi
$40,915
Median Household Income
$28,479
Median Earnings
$792
Median Rent
$100,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
