Flex Space with
For Sale
$499,900
2441 E Meighan Boulevard, Gadsden, AL 35903
Business Opportunity, Gadsden, AL
Property Size7,820 SF
Lot Size1.41 Acres
Price / SF$63.93
Days on Market51
Property Features for 2441 E Meighan Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Parking Lot, Driveway
Lot features
High Visibility
Directions
From Downtown Take Hwy 431 South Towards Glencoe. Building Will Be On The Right.
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
Amenities
billboard
Building Details
Year built
1992
Floors in Building
2
Flooring type
Carpet, Concrete
Roof type
Metal
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Mark Cassidy · License #104031
(256) 390-1997
Added: Aug 20
Changed: Sep 22
Last Checked: Oct 9 at 10:06PM
MLS# 21924858
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,820-square-foot flex property combines office and warehouse functions on a 1.41-acre parcel. The 1,820-square-foot office area includes a reception space, four offices, and two restrooms, while the remaining 6,000 square feet provides warehouse space with two bay doors. Interior finishes include carpet and concrete flooring, supported by central air and natural-gas heat.
Located at 2441 E Meighan Boulevard in Gadsden, the property includes a driveway, parking lot, and on-site billboard. Public water and public sewer serve the site. The building was constructed in 1992 and has a metal roof.
Located at 2441 E Meighan Boulevard in Gadsden, the property includes a driveway, parking lot, and on-site billboard. Public water and public sewer serve the site. The building was constructed in 1992 and has a metal roof.
Key Highlights
- 7,820‑square‑foot flex building on 1.41 acres
- 1,820‑square‑foot office area with reception space, 4 offices, and 2 restrooms
- 6,000 square feet of warehouse space with two 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
Office B
$721.5K
$631.3K – $841.8K
NOI $50,505 @ 7.0% cap · market cap 10.10%
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Flex space - Office areas and warehouse space share a versatile commercial building with bay-door access.
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 building on 1.41 acres; 1,820‑square‑foot office area with reception space, 4 offices, and 2 restrooms; 6,000 square feet of warehouse space with two bay doors
