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

    5307 Shelldrake Ln Paducah, KY 42001

    Sponsored
    For Sale
    $67,500

    Residential - Paducah, KY

    Lot size:
    0.24 Acres
    Days on Market:
    63
    Last Refresh:
    Feb 3 at 8:06 am

    Property Features for 5307 Shelldrake Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.24 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amanda Johnson

    Arnold Realty Group (618) 638-5682

    Listing agent Amanda Johnson (270) 558-1338 License #241959

    Listing date Dec 3, 2025

    MLS# 134899 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.

    Learn more

    Property Insight Report

    Overview

    Olivet Village Building Site

    This property features two combined lots within the Olivet Village Subdivision in Paducah, Kentucky. The oversized parcel offers a building site suitable for constructing a home. Its location provides convenient access to McCracken County High School, Kentucky Oaks Mall, and various restaurants, placing essential amenities and entertainment options within minutes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paducah
    County
    McCracken
    State
    Kentucky
    Longitude
    -88.6992446
    Latitude
    37.0770994

    Nearby Similar for Sale

    • $799,000

      Paducah Mixed-Use Investment Opportunity

      Modern mixed-use property in Paducah's historic Lowertown Arts District.
      333 N 9Th St, Paducah, KY 42001
      View Details
    • $360,000

      Upscale Salon in Paducah For Sale

      High-visibility salon with custom features on a high-traffic corner lot.
      1200 Broadway St, Paducah, KY 42001
      View Details
    • $330,000
      6,900 SF

      Downtown Paducah Investment Opportunity

      Prime location with rental income and growth potential in Paducah.
      703 Jefferson St, 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 St, Paducah, KY 42001
      View Details
    • New
      $650,000

      Stabilized Multifamily Investment Opportunity

      Seven-unit multifamily property in Paducah, Kentucky, with significant upside potential.
      626 N 32Nd St, Paducah, KY 42001
      View Details
    • $295,000

      Paducah Duplex with Income Potential

      Duplex in Paducah, KY with income potential and updates.
      5822 Kathy Dr, Paducah, KY 42003
      View Details
    • New
      $420,000

      Income-Producing Duplex in Paducah, KY

      Well-maintained duplex with recent updates, generating immediate rental income.
      1075 Friedman Ln, Paducah, KY 42001
      View Details
    • New
      $434,900
      1,545 SF

      Historical Duplex in Lower Town

      Charming 1927 duplex with rental income potential in Paducah.
      421 Monroe St, Paducah, KY 42001
      View Details
    • New
      $650,000

      Paducah Multifamily Investment Opportunity

      Stabilized 7-unit multifamily property with significant upside potential.
      626 N 32Nd St, Paducah, KY 42001
      View Details
    • $975,000
      6,000 SF

      Mixed-Use Investment Opportunity in Paducah

      Historic building with renovated condos and commercial space near riverfront.
      608-612 Broadway St, Paducah, KY 42001
      View Details
    • $266,500

      Versatile Duplex on Acreage

      Spacious duplex on 3.7 acres near Paducah with workshop.
      6633 Benton Rd, Paducah, KY 42003
      View Details
    • $459,900

      Commercial Office Building in Midtown

      Two-story office building in Paducah's central business district.
      1114 Broadway St, Paducah, KY 42001
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two combined lots in desirable Paducah's Olivet Village Subdivision.
    Where is this residential land & home lot located?
    The property is located at 5307 Shelldrake Ln Paducah, KY.
    What is the asking price?
    The asking price for this property is $67,500.
    What are key features of this property?
    This property features: - Two combined lots create an **oversized parcel, ideal for building a dream or spec home.**; - Located in Paducah's desirable Olivet Village Subdivision.; - Convenient proximity to McCracken Co High School.
    (270) 994-5321
    Request Owner's contact information
    5307 Shelldrake Ln Paducah, KY 42001
    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.
    5307 Shelldrake Ln
    Paducah, KY 42001
    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
    5307 Shelldrake Ln Paducah, KY 42001
    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
    Amanda Johnson
    Real Estate License ID: 241959
    (270) 994-5321
    Learn more
    Google sign-in failed. Please try again or use another login method.