7-Bay Self-Service Car
For Sale
$629,900
2500 Park Avenue, Paducah, KY 42001
COMMERCIAL - Paducah, KY
Property Size3,550 SF
Lot Size1.70 Acres
Price / SF$177.44
Days on Market166
Property Features for 2500 Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Parking features
Open
Directions
From I -24 go east on Hinkleville Road to Park Avenue. Car wash is on the right just passed Noble Park entrance and Five Star gas station.
Subdivision
119 - McCracken County
Standard status
Active
APN
104-12-10-001.01
Size
3,550 SF
Lot size
1.70 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Building Details
Year built
1995
Building materials
Aluminum Siding, Block, Concrete
Roof type
Metal
Listing Agency:
Re/Max Real Estate Associates
(270) 527-8035
Listed By:
Marianne Lynch · License #193736
(270) 559-6928
Added: Mar 10
Changed: Aug 4
Last Checked: Aug 22 at 7:06AM
MLS# 26017443
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 for-sale self-service car wash features seven self-serve bases and five vacuum systems, along with a separate automatic wash area totaling 950 square feet that is currently not in use. The site is described as having a metal roof and stacking 3-phase 310 Cat Pumps. Reported building sizes include 2,600 square feet for the self-serve portion plus the additional 950 square feet automatic wash area. The property totals 1.7 acres and includes an extra lot behind, which is zoned residential.
The property is located at 2500 Park Avenue in Paducah, Kentucky, on Park Avenue just past the Noble Park entrance, directly off the I-24 Business Loop. The listing states a 40,000 traffic count per day.
Zoned B-3, the property is presented as a single car wash facility with additional acreage/lots on the same offering.
The property is located at 2500 Park Avenue in Paducah, Kentucky, on Park Avenue just past the Noble Park entrance, directly off the I-24 Business Loop. The listing states a 40,000 traffic count per day.
Zoned B-3, the property is presented as a single car wash facility with additional acreage/lots on the same offering.
Key Highlights
- 7‑bay self‑serve car wash on Park Avenue just past the Noble Park entrance
- Approximately 40,000 traffic count per day; property is located directly on the I‑24 Business Loop
- Includes seven self‑serve bases plus five vacuum systems
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
$42,404
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
6.73%
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%
$848,080
$848.1K
Cap Rate 7%
$605,771
$605.8K
Cap Rate 9%
$471,156
$471.2K
Market Conditions
NOI Build-Up for 3,550 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
$67.3K $18.96/SF
− Vacancy
−$6.7K −$1.90/SF
EGI
$60.6K $17.06/SF
− OpEx
−$18.2K −$5.12/SF
NOI
$42.4K $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%
$848,080
Cap Rate 7%
$605,771
Cap Rate 9%
$471,156
Alternative Uses
Best Use
Industrial
$605.8K
$530.1K – $706.7K
NOI $42,404 @ 7.0% cap · market cap 6.73%
Second Best
Specialty Retail
$603.4K
$528.0K – $704.0K
NOI $42,239 @ 7.0% cap · market cap 6.71%
Theoretical Best
Warehouse
$739.7K
$647.2K – $863.0K
NOI $51,777 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 46%
Hotels & Casinos 1%
Pizza Inn
Dining
33,253 visits/mo
0.2 miles
Marathon Petroleum
Shops & Services
10,763 visits/mo
0.1 miles
SONIC Drive In
Dining
10,373 visits/mo
0.3 miles
Dollar General
Shops & Services
8,720 visits/mo
0.3 miles
FiveStar Food Mart
Shops & Services
7,292 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Car wash - Seven self-serve bays with vacuum systems and an additional automatic wash area on 1.7 acres.
Where is this car wash located?
The property is located at 2500 Park Avenue Paducah, KY.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: 7‑bay self‑serve car wash on Park Avenue just past the Noble Park entrance; Approximately 40,000 traffic count per day; property is located directly on the I‑24 Business Loop; Includes seven self‑serve bases plus five vacuum systems
