Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2710 N Main St Madisonville, KY 42431

    Sponsored
    For Sale
    $600,000

    Business Opportunity,Commercial - Madisonville, KY

    Property size:
    10,192 SF
    Lot size:
    3.05 Acres
    Days on Market:
    208
    Last Refresh:
    Feb 3 at 11:06 pm

    Property Features for 2710 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Docks, Storage
    Appliances
    Refrigerator
    Size
    10,192 SF
    Lot size
    3.05 Acres

    Building Details

    Building materials
    Log, Other
    Roof type
    Composition, Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Wes Lambdin

    Tradewater Appraisal & Realty (270) 635-1495

    Listing agent Wes Lambdin

    Listing date Jul 11, 2025

    MLS# 117115 Listing URL

    Copyright © 2026 Madisonville-Hopkins County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property on 3 Acres

    This commercial property in Madisonville, Kentucky, presents numerous possibilities on 3.05 acres. A large storage building is present, featuring two large units currently utilized as a mechanic shop, complete with a car lift. The property also includes a cabin that requires renovation. The building size is 10192 square feet. The property is sold as is. The electric is on but the water is off. The upstairs is not accessible at this time. The property is for sale only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Watermark Ford of Madisonville Collision, Ford Service, Watermark Nissan of Madisonville Service, Watermark Ford of Madisonville Service, Watermark Chrysler Dodge Jeep Ram Service Department

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.496159
    Latitude
    37.362544

    Nearby Similar for Sale

    • $650,000
      4,534 SF

      Turnkey Madisonville Venue Opportunity

      Fully operational short-term rental and event venue with residence included.
      231 S Main St, Madisonville, KY 42431
      View Details
    • $850,000
      812 SF

      Madisonville Duplexes For Sale

      Five duplexes with potential for increased rental income.
      Cindy Dr, Madisonville, KY 42431
      View Details
    • $529,900
      3,025 SF

      Remodeled Farmhouse on Rolling Acres

      Spacious 3-bedroom home on 16.7 acres with income potential.
      395 Carroll Gentry Rd, Madisonville, KY 42431
      View Details
    • $579,000
      21,800 SF

      Versatile Madisonville Property: Development Potential

      Two-acre property suitable for residential, office, or apartments.
      123 Waddill Ave, Madisonville, KY 42431
      View Details
    • $209,900
      1,480 SF

      Madisonville Triplex with Development Potential

      Triplex with potential for additional dwelling on adjacent lot.
      906 Edwards, Madisonville, KY 42243
      View Details
    • $189,000
      2,550 SF

      Madisonville Commercial Property with Shop

      Commercial property featuring shop area, maintenance bays, and office space.
      436 E Center St, Madisonville, KY 42431
      View Details
    • Contact for pricing
      1,842 SF

      Newly Renovated Office Space

      Downtown Madisonville commercial office space for lease.
      1 S Main St, Madisonville, KY 42431
      View Details
    • $475,000
      6,268 SF

      Downtown Madisonville Versatile Commercial Building

      Versatile 6,265 SF commercial building in downtown Madisonville, KY.
      18 Sugg St, Madisonville, KY 42431
      View Details
    • $140,000
      1,200 SF

      Madisonville Office with Lease Option

      1200 sq ft office space with lease-to-own opportunity.
      425 S Main St, Madisonville, KY 42431
      View Details
    • $330,000

      Commercial Land in High-Traffic Area

      Commercial land in a high-traffic area near I-69.
      51 Madison Square Dr, Madisonville, KY 42431
      View Details
    • $185,000
      2,880 SF

      Madisonville Duplex with Rental Income

      Duplex in Madisonville, KY with existing leases.
      261/263 Weldon Ave, Madisonville, KY 42431
      View Details
    • Contact for pricing
      1,440 SF

      Drive-Thru Ready Commercial Building

      960 sq ft brick building with drive-thru lanes for lease.
      35 Sugg St, Madisonville, KY 42431
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial property with shop, storage, and cabin on 3 acres.
    Where is this auto shop located?
    The property is located at 2710 N Main St Madisonville, KY.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Large 3-acre commercial property with endless possibilities.; - Includes a large storage building with two units currently used as a mechanic shop.; - Mechanic shop includes a car lift.
    (270) 399-1997
    Request Owner's contact information
    2710 N Main St Madisonville, KY 42431
    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.
    2710 N Main St
    Madisonville, KY 42431
    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
    2710 N Main St Madisonville, KY 42431
    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

    We can help!
    Listing Contact
    Wes Lambdin
    (270) 399-1997
    Learn more
    Google sign-in failed. Please try again or use another login method.