Small-Bay Industrial NNN
2816 E Meighan Blvd Gadsden, AL 35903
2816 E Meighan Blvd, Gadsden, AL, 35903
$1,575,000
For Sale
$1,575,000
Three small-bay industrial buildings with predominantly NNN leases and six tenants, including a 10-year anchor.
Property Size16,900 SF
Price / SF$93.20
Days on Market15
Property Features for 2816 E Meighan Blvd
General Information
- Standard status
- Active
- Size
- 16,900 SF
- Property subtype
- Office Warehouse
Building Details
- Year Built
- 2026
Listing agency
Birmingham Office
(205) 510-9127
Listed by
Brian Higdon · License #License(s): AL: 000120340
(205) 510-9127
Source
Marcusmillichap
Added: Jul 8 Updated: Jul 21 at 8:11PM Checked: Jul 22 at 2:10AM
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 Birmingham Office
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a three-property small-bay industrial portfolio in Gadsden, Alabama, totaling approximately 16,900 square feet. The portfolio is currently occupied by six tenants across construction, plumbing, trucking, and service-related uses. The mix includes a 4,000-square-foot facility occupied by P&M Outdoor Structures under a new 10-year NNN lease, a 4,000-square-foot building occupied by Ultimate Plumbing under a five-year NNN lease, a recently renovated 4,000-square-foot multi-tenant industrial building leased to three tenants, and a 1,300-square-foot warehouse leased to Platinum Trucking.
The properties are positioned within the Gadsden industrial market off I-59, located between Birmingham and Chattanooga. The portfolio features a weighted average remaining lease term of approximately five years, with leases structured predominantly on NNN terms.
Management and capital planning are supported by recent building improvements: the assets are described as either newly constructed or substantially renovated in recent years, helping reduce anticipated capital expenditures and deferred maintenance considerations.
The properties are positioned within the Gadsden industrial market off I-59, located between Birmingham and Chattanooga. The portfolio features a weighted average remaining lease term of approximately five years, with leases structured predominantly on NNN terms.
Management and capital planning are supported by recent building improvements: the assets are described as either newly constructed or substantially renovated in recent years, helping reduce anticipated capital expenditures and deferred maintenance considerations.
Key Highlights
- Three small‑bay industrial assets totaling approximately 16,900 SF in Gadsden, AL
- Six tenants across construction, plumbing, trucking, and service‑related industries for diversified income
- Anchor tenant P&M Outdoor Structures occupies a 4,000 SF facility under a new 10‑year NNN lease
Local Financial Insights For Flex RnD
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 | $233.2k | $13.80 |
| − Vacancy | −$19.1k | −$1.13 |
| EGI | $214.1k | $12.67 |
| − OpEx | −$74.9k | −$4.43 |
| NOI | $139.2k | $8.23 |
16,900 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.99M
$1.74M – $2.32M
NOI $139,162 @ 7.0% cap · market cap 8.84%
Second Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,982 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$2.76M
$2.42M – $3.22M
NOI $193,426 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Snyder's Storage LLC
Storage Facility
Ultimate Plumbing & Septic ...
Plumbing Service
Similar For Sale Nearby
Similar Off Market Nearby
- Westside Mini Storage — 3615 W Meighan Blvd, Gadsden, AL 35904
FAQs
What type of property is this?
Warehouse - Three small-bay industrial buildings with predominantly NNN leases and six tenants, including a 10-year anchor.
Where is this warehouse located?
The property is located at 2816 E Meighan Blvd Gadsden, AL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Three small‑bay industrial assets totaling approximately 16,900 SF in Gadsden, AL; Six tenants across construction, plumbing, trucking, and service‑related industries for diversified income; Anchor tenant P&M Outdoor Structures occupies a 4,000 SF facility under a new 10‑year NNN lease
