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    Gadsden Office Building on Highway Title is generated by Realmo AI

    2600 E Meighan Boulevard, Gadsden, AL 35903

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    For Sale
    $365,000

    COMMERCIAL - Gadsden, AL

    Property size:
    7,954 SF
    Lot size:
    2.24 Acres
    Price / SF:
    $45/SF
    Added:
    Oct 27, 2025
    Days on Market:
    200
    Last Refresh:
    May 14 at 9:06 am

    Property Features for 2600 E Meighan Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 3, Basement, Bathroom 4, Bathroom 1
    Standard status
    Active
    Size
    7,954 SF
    Lot size
    2.24 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1935
    Floors in Building
    2
    Flooring type
    Vinyl
    Roof type
    Membrane

    We can help!

    Listing Contact
    Wesley Sutton
    Wesley Sutton

    Listing agent Wesley Sutton License #78909

    Listing office Corporate South Realty,Inc 2727 Rainbow Dr, AL

    Listing date Oct 27, 2025

    MLS# 21902506

    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.

    HighLights

    • High traffic count (22K+) and highway visibility/access on HWY 431
    • Large lot size: 2.3 acres +/- offering parking and expansion possibilities
    • Approximately 8,000 sq ft multi‑use office building suitable for various businesses
    • Recently updated main level with traditional office space and medical clinic layout
    • Fire sprinklers installed for safety
    • Double pane windows for energy efficiency

    Overview

    This multi-use office building in Gadsden, Alabama, offers approximately 8,000 square feet of space on a 2.2 acre lot. Situated with high visibility and access on Highway 431, the property benefits from a traffic count exceeding 22,000 vehicles per day. The main level has been recently updated, featuring a traditional office space on one side and a medical clinic layout on the other, complete with cabinetry and sinks in the exam rooms. The second level includes several offices, open meeting spaces, and storage areas. The property features fire sprinklers and double pane windows. The site offers ample parking and expansion possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Mary ... Law Firm Divine Respite & In Home ... Home Health Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Gadsden Animal Clinic — 362 E Meighan Blvd, Gadsden, AL 35903

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -85.96068
    Latitude
    33.983809

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    FAQs

    What type of property is this?
    Medical Office Space - Multi-use office building with high visibility and access.
    Where is this medical office space located?
    The property is located at 2600 E Meighan Boulevard Gadsden, AL.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: High traffic count (22K+) and highway visibility/access on HWY 431; Large lot size: **2.3 acres +/- offering parking and expansion possibilities**; Approximately 8,000 sq ft multi‑use office building suitable for various businesses
    (256) 504-7665
    We can help!
    Listing Contact
    Wesley Sutton
    Wesley Sutton
    Real Estate License ID: 78909
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2600 E Meighan Boulevard, Gadsden, AL 35903
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