Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    627 N 4th Street Paducah, KY 42001

    View on Map
    For Lease
    $2,500 /Mo

    Office, 1 Story - Paducah, KY

    Type:Office
    Added:
    Mar 10, 2026
    Days on Market:
    22
    Last Refresh:
    Mar 31 at 6:06 pm

    Property Features for 627 N 4th Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Angela Turner
    Angela Turner

    Listing agent Angela Turner License #217986

    Listing office HRE Advisors 1541 Olivet Church Road, Mayfield, KY

    Listing date Mar 10, 2026

    MLS# 131789 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.

    Overview

    Office Space Near Convention Center

    This one-story office space is located in Paducah, Kentucky, near the convention center. Situated along highly traveled Park Avenue, the property benefits from high visibility. The interior layout includes several individual offices, a private restroom, and a kitchenette. New flooring has been installed throughout the space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Paducah
    County
    McCracken
    State
    Kentucky
    Longitude
    -88.6018478
    Latitude
    37.0924621

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Historic Coke Plant

      Unique retail space in Paducah's Midtown Coke Plant.
      3121 Broadway, Paducah, KY 42001
      View Details
    • Contact for pricing

      Downtown Paducah Versatile Commercial Space

      Versatile 1,500 sq ft space in downtown Paducah.
      1200 Broadway, Paducah, KY 42001
      View Details
    • Contact for pricing

      Paducah Flex Space For Lease

      4,500 SF flex space with 15' ceilings for lease.
      303 N 13th St, Paducah, KY 42001
      View Details
    • Contact for pricing

      Downtown Paducah Commercial Office Space

      Recently renovated office space in downtown Paducah with drive-thru.
      630 Jefferson St, Paducah, KY 42001
      View Details
    • Contact for pricing

      Versatile Space in Paducah, KY

      2,000 sq ft space suitable for office, retail, or medical.
      1200 Broadway, Paducah, KY 42001
      View Details
    • Contact for pricing

      Move-in Ready Paducah Commercial Property

      Well-maintained commercial property suitable for medical or professional services.
      2302 Kentucky Ave, Paducah, KY 42003
      View Details
    • Contact for pricing

      Restaurant Space in Olivet Village

      End-cap restaurant space with patio in Paducah, Kentucky.
      3201 Olivet Church Road, Paducah, KY 42001
      View Details
    • Contact for pricing

      Professional Office Suites in Paducah

      Professional office suites ideal for various businesses in Paducah.
      100 Television Ln, Paducah, KY 42003
      View Details
    • $13/mo

      Prime Commercial Space in Paducah

      Unbeatable location with high visibility and traffic counts.
      109 Memorial Drive, Paducah, KY 42001
      View Details
    • Contact for pricing

      Downtown Paducah Professional Office Space

      Prime commercial office space in downtown Paducah for lease.
      703 Jefferson Street, Paducah, KY 42001
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Center

      1,500 SF retail/office space in Paducah's "The Marketplace".
      2809 Lone Oak Rd., Paducah, KY 42003
      View Details
    • Contact for pricing

      Warehouse Space Near I-24

      8,640 SF warehouse space with excellent highway access.
      7055 Benton, Paducah, KY 42003
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with great visibility and convenient location.
    Where is this office units located?
    The property is located at 627 N 4th Street Paducah, KY.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Highly visible location on Park Avenue.; Conveniently located near the convention center.; Several individual offices.
    (270) 559-9295
    We can help!
    Listing Contact
    Angela Turner
    Angela Turner
    Real Estate License ID: 217986
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!