Flex Space with Warehouse Bay
New
For Sale
$599,900
2441 E Meighan Boulevard, Gadsden, AL 35903
Flex space offering reception, multiple offices, and a dedicated warehouse area with two bay doors and on-site billboard signage.
Property Size7,820 SF
Price / SF$76.71
Days on Market4
Property Features for 2441 E Meighan Boulevard
General Information
Standard status
Active
Size
7,820 SF
Property subtype
Commercial/Industrial
Warehouse & Industrial
Warehouse Space
6,000 SF
Office Build-Out
1,820 SF
Building Details
Year Built
1992
Buildings
1
Building Size
7,820 SF
Listing Agency:
Impact Realty, LLC
(256) 390-1997
Listed By:
Mark Cassidy · License #104031
(256) 390-1997
Source:
Exitrealty
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 8:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Impact Realty, LLC
Investment Insights
Based on property information with market context.
This flex space includes a total of 7,820 sq. ft. across two distinct areas. The front 1,820 sq. ft. features a large reception area, four large offices, and two restrooms, supporting office or client-facing functions.
The rear portion provides 6,000 sq. ft. of available warehouse space with two bay doors. The property also includes a billboard on-site for signage.
Built in 1992, this configuration can support a business that needs both office space and warehouse operations in one building, with a clear separation between the front customer/office area and the back-of-house storage and loading space.
The rear portion provides 6,000 sq. ft. of available warehouse space with two bay doors. The property also includes a billboard on-site for signage.
Built in 1992, this configuration can support a business that needs both office space and warehouse operations in one building, with a clear separation between the front customer/office area and the back-of-house storage and loading space.
Key Highlights
- Total building size 7,820 sq. ft. flex space
- Front 1,820 sq. ft. includes large reception, four offices, two restrooms
- 6,000 sq. ft. available warehouse space
Financial Insights For Office B
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 | $86.3k | $11.04 |
| − Vacancy | −$19.0k | −$2.43 |
| EGI | $67.3k | $8.61 |
| − OpEx | −$16.8k | −$2.15 |
| NOI | $50.5k | $6.46 |
7,820 SF · lease $11.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$919.9K
$804.9K – $1.07M
NOI $64,393 @ 7.0% cap · market cap 10.73%
Second Best
Office B
$721.5K
$631.3K – $841.8K
NOI $50,505 @ 7.0% cap · market cap 8.42%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,502 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35903, AL
17,344
Population
8,338
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
87%
High-School Grad
68.2 sq mi
ZIP Area
254
Density / Sq Mi
$50,063
Median Household Income
$35,361
Median Earnings
$823
Median Rent
$170,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space offering reception, multiple offices, and a dedicated warehouse area with two bay doors and on-site billboard signage.
Where is this flex space located?
The property is located at 2441 E Meighan Boulevard Gadsden, AL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Total building size 7,820 sq. ft. flex space; Front 1,820 sq. ft. includes large reception, four offices, two restrooms; 6,000 sq. ft. available warehouse space
