Flex Space with Warehouse
For Sale
$499,900
2441 E Meighan Boulevard, Gadsden, AL 35903
A front office area pairs with substantial warehouse capacity and on-site billboard signage.
Property Size7,820 SF
Price / SF$63.93
Days on Market95
Property Features for 2441 E Meighan Boulevard
General Information
Standard status
Active
Size
7,820 SF
Property subtype
COMMERCIAL
Warehouse & Industrial
Warehouse Space
6,000 SF
Office Build-Out
1,820 SF
Additional Details
Property Use
Office/Warehouse
Amenities
billboard
Building Details
Building Size
7,820 SF
Year Built
1992
Buildings
1
Listing Agency:
Impact Realty, LLC
Listed By:
Mark Cassidy · License #104031
(256) 390-1997
Source:
Intownpartners
Added: Jul 27
Changed: Oct 27
Last Checked: Oct 27 at 3:16AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains 7,820 square feet, including a 1,820-square-foot front section with a reception area, four offices, and two restrooms. Behind it, 6,000 square feet is configured as warehouse space with two bay doors. The building was constructed in 1992, and a billboard on the property provides an additional signage feature.
Key Highlights
- 7,820‑square‑foot flex property built in 1992
- Front section includes a reception area, 4 offices, and 2 restrooms across 1,820 square feet
- 6,000 square feet of warehouse area with 2 bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,025
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,500
$860.5K
Cap Rate 7%
$614,643
$614.6K
Cap Rate 9%
$478,056
$478.1K
Market Conditions
NOI Build-Up for 7,820 SF
Gross rent
$54.4K $6.96/SF
− Vacancy
−$3.8K −$0.49/SF
EGI
$50.6K $6.47/SF
− OpEx
−$7.6K −$0.97/SF
NOI
$43.0K $5.50/SF
Area
Etowah County, AL
Vacancy
7.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,500
Cap Rate 7%
$614,643
Cap Rate 9%
$478,056
Alternative Uses
Best Use
Flex RnD
$919.9K
$804.9K – $1.07M
NOI $64,393 @ 7.0% cap · market cap 12.88%
Second Best
Warehouse
$614.6K
$537.8K – $717.1K
NOI $43,025 @ 7.0% cap · market cap 8.61%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,502 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Under-served
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A front office area pairs with substantial warehouse capacity 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 $499,900.
What are key features of this property?
This property features: 7,820‑square‑foot flex property built in 1992; Front section includes a reception area, 4 offices, and 2 restrooms across 1,820 square feet; 6,000 square feet of warehouse area with 2 bay doors
