Office Studio Park with Television
For Sale
$2,650,000
100 Television Lane, Paducah, KY 42003
Commercial Sale, Paducah, KY
Property Size23,431 SF
Lot Size6.92 Acres
Price / SF$113.10
Days on Market50
Property Features for 100 Television Lane
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial (40).
Subdivision
McCracken County
Directions
From Hannan Plaza in Lone Oak, turn right onto Lone Oak Road (Hwy 45) Drive approximately 1 mile to the second stop light, turn left on Highland Blvd In about .3 miles, turn right onto Elmdale and then left on Jameswood Dr, turn right on TV Lane
Standard status
Active
APN
096-42-00-004
Size
23,431 SF
Lot size
6.92 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Amenities
professional television studio
carpentry shop with loading dock
flexible floor plans
Building Details
Year built
1956
Listing Agency:
Better Homes and Gardens Fern Leaf Group
(270) 415-5623
Listed By:
Jeffrey Pierce · License #261477
(270) 442-0253
Added: Jul 3
Changed: Aug 19
Last Checked: Aug 21 at 6:06AM
MLS# 26016094
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.
StudioWorks Office Park at 100 Television Lane is a for-sale office studio park featuring a professional television studio, flexible floor plans, and multiple support spaces. The property includes three suites that are currently leased, and it also has an on-site transmission tower that provides additional income. An on-site carpentry shop includes a loading dock, offering practical space for storage, fabrication, or light industrial use, alongside ample parking.
Located in Paducah, Kentucky (McCracken County) on a 6.92-acre site, the property totals 23,431 square feet. The studio-oriented configuration and existing operational features may be well suited to organizations looking for a functional, established media and office environment with immediate revenue from current leases.
Located in Paducah, Kentucky (McCracken County) on a 6.92-acre site, the property totals 23,431 square feet. The studio-oriented configuration and existing operational features may be well suited to organizations looking for a functional, established media and office environment with immediate revenue from current leases.
Key Highlights
- StudioWorks Office Park built in 1956 at 100 Television Lane, formerly home to the NBC affiliate television station
- Three leased suites currently generating revenue
- On‑site transmission tower provides additional income
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
$224,059
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
8.46%
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%
$4,481,180
$4.5M
Cap Rate 7%
$3,200,843
$3.2M
Cap Rate 9%
$2,489,544
$2.5M
Market Conditions
NOI Build-Up for 23,431 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
$351.5K $15.00/SF
− Vacancy
−$52.7K −$2.25/SF
EGI
$298.7K $12.75/SF
− OpEx
−$74.7K −$3.19/SF
NOI
$224.1K $9.56/SF
Area
McCracken County, KY
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$4,481,180
Cap Rate 7%
$3,200,843
Cap Rate 9%
$2,489,544
Alternative Uses
Best Use
Industrial
$4.00M
$3.50M – $4.66M
NOI $279,879 @ 7.0% cap · market cap 10.56%
Second Best
Flex RnD
$3.77M
$3.30M – $4.40M
NOI $263,930 @ 7.0% cap · market cap 9.96%
Theoretical Best
Warehouse
$4.88M
$4.27M – $5.70M
NOI $341,741 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 42003, KY
28,592
Population
14,132
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
414
Density / Sq Mi
$54,052
Median Household Income
$33,566
Median Earnings
$696
Median Rent
$160,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Leased office suites in an office park that includes a television studio, a carpentry shop with a loading dock, and a transmission tower.
Where is this office units located?
The property is located at 100 Television Lane Paducah, KY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: StudioWorks Office Park built in 1956 at 100 Television Lane, formerly home to the NBC affiliate television station; Three leased suites currently generating revenue; On‑site transmission tower provides additional income
