Flex Space with Five Roll
New
For Sale
$319,900
3025 E Meighan Boulevard, Gadsden, AL 35903
Business Opportunity, Gadsden, AL
Property Size5,200 SF
Lot Size0.43 Acres
Price / SF$61.86
Days on Market4
Property Features for 3025 E Meighan Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
High Visibility
Directions
Hwy 431 Towards Glencoe And Property Is On The Left Just Passed College Parkway.
Standard status
Active
APN
1404190001018.000
Size
5,171 SF
Lot size
0.43 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Floors in Building
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Corporate South Realty,Inc
(256) 543-1292
Listed By:
Wesley Sutton · License #78909
(256) 504-7665
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 23 at 4:06PM
MLS# 21927007
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 5,171-square-foot flex property combines finished office areas with showroom, warehouse, and shop space. Five roll-up doors provide access to the work and storage areas, while a wash bay with a floor drain supports vehicle or equipment-related operations. The building has concrete flooring, central air, and a metal roof, and was built in 1968.
Situated on Highway 431 in Gadsden, the property occupies 0.43 acres. The front lot is gated, and the rear lot is fenced for vehicle, equipment, or outdoor storage. Public water and public sewer serve the site.
Situated on Highway 431 in Gadsden, the property occupies 0.43 acres. The front lot is gated, and the rear lot is fenced for vehicle, equipment, or outdoor storage. Public water and public sewer serve the site.
Key Highlights
- 5,171 SF flex building on 0.43 acres
- Five roll‑up doors serve the warehouse and shop areas
- Finished office space with showroom, warehouse, and shop areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,450
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,000
$569.0K
Cap Rate 7%
$406,429
$406.4K
Cap Rate 9%
$316,111
$316.1K
Market Conditions
NOI Build-Up for 5,171 SF
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.
Gross rent
$36.0K $6.96/SF
− Vacancy
−$2.5K −$0.49/SF
EGI
$33.5K $6.47/SF
− OpEx
−$5.0K −$0.97/SF
NOI
$28.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,000
Cap Rate 7%
$406,429
Cap Rate 9%
$316,111
Alternative Uses
Best Use
Retail
$682.6K
$597.3K – $796.3K
NOI $47,780 @ 7.0% cap · market cap 14.94%
Second Best
Flex RnD
$608.3K
$532.3K – $709.7K
NOI $42,580 @ 7.0% cap · market cap 13.31%
Theoretical Best
Specialty Retail
$845.5K
$739.8K – $986.4K
NOI $59,184 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
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
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 - Finished offices pair with showroom, shop, storage, and secured vehicle or equipment areas.
Where is this flex space located?
The property is located at 3025 E Meighan Boulevard Gadsden, AL.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 5,171 SF flex building on 0.43 acres; Five roll‑up doors serve the warehouse and shop areas; Finished office space with showroom, warehouse, and shop areas
