Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Paducah Commercial Land For Sale Title is generated by Realmo AI

    1118 N 8th St., Paducah, KY 42001

    View on Map
    Claim this Listing
    For Sale
    $44,500

    Commercial - Paducah, KY

    Lot size:
    1.10 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    67
    Last Refresh:
    May 30 at 11:06 pm

    Property Features for 1118 N 8th St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.10 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ashlea McMillan
    Ashlea McMillan

    Listing agent Ashlea McMillan License #245626

    Listing office eXp Realty, LLC 2303 Hurstbourne Village Dr, Prospect, KY

    Listing date Mar 25, 2026

    MLS# 134506 Listing URL

    Copyright © 2026 Western Kentucky Regional MLS 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

    • Total of 1.10 acres, providing ample space for development.
    • M‑1 light industrial zoning allows for a wide range of commercial uses.
    • Located on a busy business thoroughfare with high traffic count.
    • Includes multiple adjacent parcels for increased development flexibility.
    • Well‑suited for logistics, warehousing, and service operations.
    • Permitted uses include B3 zone activities, towing & wrecker service, manufacturing, fabrication, and processing.

    Overview

    This 1.1-acre commercial property, located at 1118 N 8th St in Paducah, KY, consists of lots 1102, 1106, 1110, 1112, and 1118. Lots 1102, 1106, 1110 and 1112 equal 0.67 acres, while lot 1118 is 0.43 acres. Zoned M-1 light industrial, the lot is suitable for a range of commercial uses. Its location along a busy business thoroughfare with a good traffic count enhances its value for logistics, warehousing, and service operations. Other permitted uses include anything in a B3 zone, towing & wrecker service, manufacturing, fabrication or processing. Adjacent parcels offer increased development flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm 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
    Paducah
    County
    McCracken
    State
    Kentucky
    Longitude
    -88.6116389
    Latitude
    37.0934167

    Nearby Similar for Sale

    • $3,200,000
      11,000 SF

      New Office Investment Opportunity

      New construction office building in Paducah's growing commercial corridor.
      2181 New Holt Rd., Paducah, KY 42001
      View Details
    • $489,000
      15,000 SF

      Downtown Paducah Commercial Property

      Versatile property with warehouse and showroom space in downtown Paducah.
      901 Broadway, Paducah, KY 42001
      View Details
    • $299,000
      4,000 SF

      Paducah Commercial Property with Warehouse

      5.25 acre tract with warehouse near I-24.
      4549 Cairo Road, Paducah, KY 42001
      View Details
    • $699,900

      Paducah Commercial Warehouse/Office Property

      25,600 sq ft commercial building with warehouse and office space.
      303 N 13th St, Paducah, KY 42001
      View Details
    • $885,000

      Multi-Level Commercial Investment Opportunity

      Historic building with modern updates and limitless potential in Paducah.
      608-612 Broadway, Paducah, KY 42001
      View Details
    • $699,900

      Paducah Commercial Property with Warehouse

      Commercial property with office and warehouse space in Paducah.
      3530 Park Plaza Rd, Paducah, KY 42001
      View Details
    • $399,900
      9,000 SF

      Midtown Paducah Commercial Property

      Expansive commercial property in the heart of Midtown Paducah.
      2421 Broadway Street, Paducah, KY 42001
      View Details
    • $870,000

      Turn-Key Restaurant in Paducah, KY

      Fully operational restaurant and bar on 1.23 acres near I-24.
      3501 Park Plaza Road, Paducah, KY 42001
      View Details
    • $224,900
      200 SF

      Commercial Retail with Storage Building

      One-story retail building with storage and parking on 0.43 acres.
      721 Kentucky, Paducah, KY 42001
      View Details
    • $650,000

      Unique Mixed-Use Building in Paducah

      19,963 SF mixed-use building suitable for various business ventures.
      420 Broadway, Paducah, KY 42001
      View Details
    • $365,000
      4,062 SF

      Paducah Commercial Building For Sale

      Commercial building with retail space available in Paducah, Kentucky.
      1401 Broadway St., Paducah, KY 42001
      View Details
    • $299,000
      4,000 SF

      5.25 Acre Commercial Tract

      5.25 acre tract with warehouse near I-24.
      4549 Cairo Road, Paducah, KY 42001
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.1 acre commercial lot suited for various business uses.
    Where is this commercial land located?
    The property is located at 1118 N 8th St. Paducah, KY.
    What is the asking price?
    The asking price for this property is $44,500.
    What are key features of this property?
    This property features: Total of 1.10 acres, providing ample space for development.; M‑1 light industrial zoning allows for a wide range of commercial uses.; Located on a busy business thoroughfare with high traffic count.
    (270) 994-8686
    We can help!
    Listing Contact
    Ashlea McMillan
    Ashlea McMillan
    Real Estate License ID: 245626
    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
    1118 N 8th St., Paducah, KY 42001
    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!