Mixed-Use Office and
2441 E MEIGHAN BOULEVARD, Gadsden, AL 35903
For Sale
$499,900
Commercial Sale, GADSDEN, AL
Property Size7,820 SF
Lot Size1.41 Acres
Price / SF$63.93
Days on Market108
Property Features for 2441 E MEIGHAN BOULEVARD
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
billboard
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Mark Cassidy · License AL #104031
(256) 390-1997
Added: Jul 27
Changed: Nov 3
Last Checked: Nov 11 at 1:06PM
MLS# 21924858
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Investment Insights
Based on property information with market context.
Built in 1992, the 7,820-square-foot property in Gadsden combines office and warehouse space on a 1.41-acre site. The front 1,820 square feet includes a reception area and four offices, while the remaining 6,000 square feet is warehouse space with two bay doors. A billboard is also on the property.
The building has brick and metal siding, carpet and concrete flooring, natural gas heat, central air, a metal roof, and a parking lot. Public water serves the property.
The building has brick and metal siding, carpet and concrete flooring, natural gas heat, central air, a metal roof, and a parking lot. Public water serves the property.
Key Highlights
- 7,820‑square‑foot building on 1.41 acres
- Front 1,820 sq. ft. has a reception area and 4 offices
- 6,000 sq. ft. of warehouse space 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
Mixed Use
$882.3K
$772.0K – $1.03M
NOI $61,758 @ 7.0% cap · market cap 12.35%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A dedicated office area and warehouse space share one building, with a billboard on the property.
Where is this mixed-use property 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 building on 1.41 acres; Front 1,820 sq. ft. has a reception area and 4 offices; 6,000 sq. ft. of warehouse space with 2 bay doors
