Flex Warehouse with Office
2441 E Meighan Boulevard Gadsden, AL 35903
New
For Sale
$599,900
COMMERCIAL - Gadsden, AL
Property Size7,820 SF
Lot Size1.41 Acres
Price / SF$76.71
Days on Market1
Property Features for 2441 E Meighan Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Driveway, Parking Lot
Standard status
Active
APN
1506133000007.000
Size
7,820 SF
Lot size
1.41 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Floors in Building
2
Flooring type
Concrete, Carpet
Roof type
Metal
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Mark Cassidy · License #104031
(256) 390-1997
Added: Jul 27
Last Checked: Jul 27 at 10:06PM
MLS# 21924858
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Investment Insights
Based on property information with market context.
This flex warehouse property totals 7,820 square feet and includes a front office component of 1,820 square feet. The front space features a large reception area, four large offices, and two restrooms. The remaining 6,000 square feet is dedicated warehouse space, served by two bay doors.
The property is located at 2441 E Meighan Boulevard in Gadsden, Alabama. The site includes a billboard for signage.
The layout combines a staffed office/ reception area with functional warehouse space, offering a single-building setup for operations needing both administrative and storage components.
The property is located at 2441 E Meighan Boulevard in Gadsden, Alabama. The site includes a billboard for signage.
The layout combines a staffed office/ reception area with functional warehouse space, offering a single-building setup for operations needing both administrative and storage components.
Key Highlights
- 7,820 sq. ft. building with 1,820 sq. ft. front office/reception area and 6,000 sq. ft. warehouse space
- Front area includes a large reception area, 4 large offices, and 2 restrooms
- Warehouse has two bay doors for loading and access
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 7,820 sq. ft. building includes office reception, multiple offices, restrooms, and 6,000 sq. ft. warehouse with two bay doors.
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: 7,820 sq. ft. building with 1,820 sq. ft. front office/reception area and 6,000 sq. ft. warehouse space; Front area includes a large reception area, 4 large offices, and 2 restrooms; Warehouse has two bay doors for loading and access
