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    Property profile & analytics

    2816 Meighan Blvd Gadsden, AL 35903-1908

    • Retail properties
    • 4,000 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $35,000
    Last Sale
    Mar 30, 2021
    $40,000
    Location Intelligence
    Property ID
    US03-2280184
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Snyder's Storage LLC / Self-Storage Facility / Storage Facility
    • Ultimate Plumbing & Septic Services / Septic System Service / Drainage Service

    Property Details for 2816 Meighan Blvd

    Year built
    2021
    Lot size
    0.30 lot acres
    Property size
    4,000 SF
    Property type
    Retail properties
    APN
    15-06-24-1-000-018.000
    APU
    1506241000018000

    Description

    This exceptional self-storage opportunity presents a newly constructed, stabilized investment property located at 2816 E Meighan Blvd, Gadsden, Alabama, 35903. The property boasts 24,150 net rentable square feet across six buildings, including 161 units (132 drive-up and 28 climate-controlled). Built in 2023 and 2024, the facility currently enjoys a 62.5% occupancy rate, projected to increase significantly upon completion of two additional buildings currently under construction, slated for December 2024. The property sits on a 3.5-acre lot with excellent visibility from E. Meighan Blvd, a high-traffic area with over 22,000 vehicles per day. A retail building on the property is under lease until 2029, providing additional income stability. The current Net Operating Income (NOI) is $102,658, with a pro-forma NOI of $141,012, reflecting a current cap rate of 5.70% and a pro-forma cap rate of 7.83%. The asking price is $1,800,000, translating to a price per square foot of $74. This value-add investment offers significant upside potential through increased occupancy and rental rate adjustments. The property's strategic location and strong market fundamentals make it an attractive investment opportunity for discerning buyers seeking a high-performing self-storage asset in a growing market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -85.9536
    Latitude
    33.9773
    CBSA code
    23460
    CBSA name
    GADSDEN, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,342
    $2,600
    $65,600
    $68,200
    -
    $13,000
    $328,000
    $341,000

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      1623 Meighan Blvd

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    Gadsden, AL 35903-1908
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    Realmo Value Estimation

    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.

    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.

    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
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