Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space with Drive-Thru Title is generated by Realmo AI

    508 E Meighan Blvd, Gadsden, AL 35903

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    4,146 SF retail space with drive-thru in Gadsden, AL.

    Type:Retail
    Property size:
    4,146 SF
    Lot size:
    1.69 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 1 at 11:47 am

    Property Features for 508 E Meighan Blvd

    General Information

    Standard status
    Active
    Size
    4,146 SF
    Lot size
    1.69 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2016

    Spaces For Lease

    at 508 E Meighan Blvd Contact us

    We can help!

    Listing Contact
    Vanessa Morris
    Vanessa Morris

    Listing agent Vanessa Morris License #793240

    Listing office NAI Chase Commercial | Huntsville

    Listing date Apr 1, 2026

    Source Chasecommercial

    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 NAI Chase Commercial | Huntsville

    HighLights

    • Drive‑thru capability
    • Ample parking with approximately 82 spaces
    • Prime boulevard frontage in a regional commercial node
    • 4,146+ sq ft of flexible rentable office/retail space
    • Easy access to major highways and high daily traffic counts
    • Built in 2016

    Overview

    This 4,146 square foot retail space, formerly a Panera Bread, is available for lease. Constructed in 2016, the property features a Class B retail/office light-industrial finish, ample storefront glazing, and a drive-thru. It is situated on a 1.69-acre parcel and includes approximately 82 parking spaces. The property benefits from prime boulevard frontage in a regional commercial node, easy access to major highways, and high daily traffic counts. Its features make it attractive to restaurant, retail, service, professional, and medical users.
    Location Intelligence

    Current Use by Public Records

    Panera Bread Cafe & Coffee Shop Aspen Dental - Gadsden, ... Dental Office Katherine Merrill Dental Office Japsimran Singh Dental Office Allison Haight Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -85.9847796
    Latitude
    34.0092257

    Nearby Similar for Lease

    • $3,500/Mo
      4,112 SF

      Waterfront Commercial Property in Gadsden

      Prime commercial space with waterfront views, suitable for diverse businesses.
      1406 Rainbow Drive, Gadsden, AL 35901
      View Details
    • $12 SF/Yr
      6,842 SF

      Unique Brewpub/Micro-Distillery Retail Opportunity

      Multi-tenant retail/office building with unique spaces for lease.
      415 Locust St, Gadsden, AL 35901
      View Details
    • $6 SF/Yr
      11,652 SF

      Gadsden Office Suites For Lease

      Well-maintained office building with suites available in a central location.
      3200 W Meighan Blvd, Gadsden, AL 35904
      View Details
    • $12 SF/Yr
      36,000 SF

      Versatile Mixed-Use Building in Gadsden

      Multi-tenant building with office, retail, and warehouse spaces for rent.
      401 Locust Street, Gadsden, AL 35901
      View Details
    • Contact for pricing
      352,000 SF

      Gadsden Warehouses for Lease

      Two 176,000 SF warehouses available for lease in Gadsden.
      407 Rains Air Depot Road, Gadsden, AL 35903
      View Details
    • Contact for pricing
      5,200 SF

      Retail/Restaurant Space Available

      Retail or restaurant space with high traffic exposure.
      944-968 Gilbert Ferry Road, Gadsden, AL 35904
      View Details
    • Contact for pricing

      Mixed-Use Building in Time Square

      Multi-tenant building with office, retail, and warehouse spaces for rent.
      401 Locust Street, Gadsden, AL 35901
      View Details
    • Contact for pricing

      Gadsden Office Suites For Rent

      Well-maintained office building with suites available for immediate lease.
      3200 W Meighan Blvd, Gadsden, AL 35904
      View Details
    • $12 SF/Yr

      Downtown Gadsden Office Space

      Office space in downtown Gadsden with ample parking.
      200 Broad Street, Gadsden, AL, 35901
      View Details
    • Contact for pricing
      176,000 SF

      Gadsden Industrial Space Available

      Industrial spaces available for lease in Gadsden, Alabama.
      407 Rains Air Depot Rd, Gadsden, AL 35903
      View Details
    • $32 SF/Yr
      1,500 SF

      New Retail Space Available

      New construction retail suites with drive-thru near downtown Gadsden.
      401 W Meighan Blvd, Gadsden, AL
      View Details
    • $12 SF/Yr

      Retail Space Next to Entertainment

      Retail space available for rent next to bowling and entertainment.
      1001 Rainbow Dr, Gadsden, AL 35901
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,146 SF retail space with drive-thru in Gadsden, AL.
    Where is this retail space located?
    The property is located at 508 E Meighan Blvd Gadsden, AL.
    What are key features of this property?
    This property features: Drive‑thru capability; Ample parking with approximately 82 spaces; Prime boulevard frontage in a regional commercial node
    (205) 447-1728
    We can help!
    Listing Contact
    Vanessa Morris
    Vanessa Morris
    Real Estate License ID: 793240
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    508 E Meighan Blvd, Gadsden, AL 35903
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!