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    Unique Mixed-Use Building in Paducah Title is generated by Realmo AI

    420 Broadway, Paducah, KY 42001

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    Claim this Listing
    For Sale
    $650,000

    Commercial, Other/See Remarks - Paducah, KY

    Added:
    Mar 3, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 420 Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Basement Y/N
    1
    Standard status
    Active

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Flooring type
    Concrete, Linoleum, Vinyl, Wood
    Building materials
    Brick
    Roof type
    Rubber
    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 3, 2026

    MLS# 130307 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

    • Large 19,963 SF building suitable for various business conversions.
    • Second floor features a 3‑bedroom apartment with a beautiful kitchen.
    • Central elevator shaft provides access to all 5 floors.
    • Features 18 ft plaster ceilings, beautiful corbels, ornate chandeliers, some pink granite, and hardwood & concrete floors.
    • Four brand new HVAC units installed.
    • Partial basement remains dry and includes original boilers and a storage room.

    Overview

    This 19,963 SF building, previously operated as The Tuscan Rose fiber arts store, presents a versatile opportunity for various business ventures. The property features 18 ft plaster ceilings, ornate chandeliers, beautiful corbels, some pink granite, hardwood, and concrete floors. A central elevator shaft provides access to all 5 floors, making it suitable for a condo regime. The second floor includes a 3-bedroom apartment with a kitchen, coffee bar, a large utility room, and a dog washing station. The property is equipped with 4 new HVAC units. The partial basement remains dry and contains original boilers and a storage room. The building has potential for a unique speakeasy. The remaining 3 floors are available to be finished. Appliance updates include a stove.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tuscan Rose Yarn ... (Bike/Boat/Book/etc) Store

    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.

    Similar Places Nearby

    • The Paisley Peacock @ The Rose Garden — 805 Broadway St, Paducah, KY 42001
    • Inbloom Floral @ The Rose Garden — 805 Broadway St, Paducah, KY 42001

    Location Insight

    • Map
    • Local Demand
    City
    Paducah
    County
    McCracken
    State
    Kentucky
    Longitude
    -88.5987267
    Latitude
    37.0863332

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    FAQs

    What type of property is this?
    Storefront property - 19,963 SF mixed-use building suitable for various business ventures.
    Where is this storefront property located?
    The property is located at 420 Broadway Paducah, KY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Large 19,963 SF building suitable for various business conversions.; Second floor features a 3‑bedroom apartment with a beautiful kitchen.; Central elevator shaft provides access to all 5 floors.
    (270) 994-8686
    We can help!
    Listing Contact
    Ashlea McMillan
    Ashlea McMillan
    Real Estate License ID: 245626
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    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.

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