Automotive Service
For Sale
$1,200,000
2344 New Holt Road, Paducah, KY 42001
COMMERCIAL - Paducah, KY
Property Size4,000 SF
Lot Size1.40 Acres
Price / SF$300
Days on Market44
Property Features for 2344 New Holt Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
21
Parking features
Open
Subdivision
Commercial
Directions
From Paducah follow hwy 62 to right on North Friendship to right on New Holt Rd, the property is on the right.
Standard status
Active
APN
077-30-01-013.01
Size
4,000 SF
Lot size
1.40 Acres
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Amenities
central air
gas pack heating
public utilities
high speed internet
handicap accessible
overhead doors
Building Details
Year built
2004
Building materials
Steel Frame, Aluminum Siding
Roof type
Metal
Listing Agency:
Housman Partners Real Estate
(270) 534-5569
Listed By:
Austin Mourad · License #279402
(270) 534-5569
Added: Jul 10
Changed: Aug 4
Last Checked: Aug 22 at 6:06AM
MLS# 26017483
Copyright © 2026 ImagineMLS. 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 steel commercial building offers approximately 4,000 square feet and a two-story layout designed for flexible workspace. Vehicle and equipment access is supported by four or more overhead doors, including oversized doors measuring 12+ feet wide. The property also includes central air, gas pack heating, public utilities, high-speed internet availability, and handicap accessible features for day-to-day convenience.
Located in Paducah, the site provides parking for 21 to 50 vehicles and is described as having excellent visibility from New Holt Road. Public remarks cite an estimated daily traffic count of approximately 11,000 vehicles.
For sale and positioned to support automotive, service, or other commercial operations requiring drive-in functionality and adaptable interior space.
Located in Paducah, the site provides parking for 21 to 50 vehicles and is described as having excellent visibility from New Holt Road. Public remarks cite an estimated daily traffic count of approximately 11,000 vehicles.
For sale and positioned to support automotive, service, or other commercial operations requiring drive-in functionality and adaptable interior space.
Key Highlights
- Approx. 4,000 SF commercial steel building with a two‑story layout for flexible workspace
- Includes four or more overhead doors, with oversized 12+ ft wide doors for vehicle and equipment access
- Central air and natural gas heating; utilities include water available and public sewer
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
$47,779
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
3.98%
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%
$955,580
$955.6K
Cap Rate 7%
$682,557
$682.6K
Cap Rate 9%
$530,878
$530.9K
Market Conditions
NOI Build-Up for 4,000 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
$75.8K $18.96/SF
− Vacancy
−$7.6K −$1.90/SF
EGI
$68.3K $17.06/SF
− OpEx
−$20.5K −$5.12/SF
NOI
$47.8K $11.94/SF
Area
McCracken County, KY
Vacancy
10.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$955,580
Cap Rate 7%
$682,557
Cap Rate 9%
$530,878
Alternative Uses
Best Use
Industrial
$682.6K
$597.2K – $796.3K
NOI $47,779 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$624.7K
$546.6K – $728.8K
NOI $43,730 @ 7.0% cap · market cap 3.64%
Theoretical Best
Warehouse
$833.4K
$729.3K – $972.3K
NOI $58,340 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11,000 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Home Improvements & Furnishings 33%
Chicken Salad Chick
Dining
6,201 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,048 visits/mo
0.5 miles
Demographics for 42001, KY
31,579
Population
14,815
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
94%
High-School Grad
74.2 sq mi
ZIP Area
426
Density / Sq Mi
$68,868
Median Household Income
$42,334
Median Earnings
$916
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Alvey's Automotive — 2344 New Holt Rd, Paducah, KY 42001
- Valvoline Instant Oil Change — 5470 Old Hwy 60, Paducah, KY 42001
- Walmart Auto Care Centers — 5130 Hinkleville Rd, Paducah, KY 42001
Frequently Asked Questions
What type of property is this?
Auto shop - Steel two-story commercial building with multiple overhead doors and central air, suited for automotive and service uses.
Where is this auto shop located?
The property is located at 2344 New Holt Road Paducah, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approx. 4,000 SF commercial steel building with a two‑story layout for flexible workspace; Includes four or more overhead doors, with oversized 12+ ft wide doors for vehicle and equipment access; Central air and natural gas heating; utilities include water available and public sewer
