Diesel Repair Shop with Heavy-Duty
For Sale
$450,000
115 Tucker Schoolhouse Rd., Madisonville, KY 42431
Commercial Sale, Madisonville, KY
Property Size6,516 SF
Lot Size0.87 Acres
Price / SF$69.06
Days on Market501
Property Features for 115 Tucker Schoolhouse Rd.
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From North Main St, Turn left on Nebo Rd then right on Tucker Schoolhouse. Property on left.
Subdivision
1 - Madisonville
Standard status
Active
Size
6,516 SF
Lot size
0.87 Acres
Listing Agency:
HERITAGE HOMES REAL ESTATE
(270) 825-9090
Listed By:
Alice Carr
(270) 339-2673
Added: Jun 4, 2025
Changed: Aug 19
Last Checked: Oct 17 at 10:06PM
MLS# 117009
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.
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Investment Insights
Based on property information with market context.
This 6,516-square-foot automotive shop occupies 0.873 acres in Madisonville, Kentucky. The building was previously used for diesel mechanical work and includes shop space suited to semi-truck and heavy-equipment repairs. Its floors are constructed with 8-inch concrete, supporting demanding repair operations. Some tools and semi-truck parts are included with the property.
The property is located at 115 Tucker Schoolhouse Rd. in Madisonville, within Hopkins County and ZIP Code 42431. The parcel boundary extends to the edge of the concrete, while the adjoining grass area is owned by the City of Madisonville. Vehicles and equipment identified in the remarks, including a truck, trailer, race car, and tow truck, are not included.
The property is located at 115 Tucker Schoolhouse Rd. in Madisonville, within Hopkins County and ZIP Code 42431. The parcel boundary extends to the edge of the concrete, while the adjoining grass area is owned by the City of Madisonville. Vehicles and equipment identified in the remarks, including a truck, trailer, race car, and tow truck, are not included.
Key Highlights
- 6,516‑square‑foot automotive shop on 0.873 acres
- Previously operated as a diesel mechanic shop
- 8‑inch concrete flooring for heavy‑duty repair work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,846
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,920
$556.9K
Cap Rate 7%
$397,800
$397.8K
Cap Rate 9%
$309,400
$309.4K
Market Conditions
NOI Build-Up for 6,516 SF
Gross rent
$43.0K $6.60/SF
− Vacancy
−$3.2K −$0.50/SF
EGI
$39.8K $6.10/SF
− OpEx
−$11.9K −$1.83/SF
NOI
$27.8K $4.27/SF
Area
Hopkins County, KY
Vacancy
7.50%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,920
Cap Rate 7%
$397,800
Cap Rate 9%
$309,400
Alternative Uses
Best Use
Retail
$1.02M
$895.2K – $1.19M
NOI $71,612 @ 7.0% cap · market cap 15.91%
Second Best
Industrial
$397.8K
$348.1K – $464.1K
NOI $27,846 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.10M
$961.8K – $1.28M
NOI $76,941 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 42431, KY
26,566
Population
12,569
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
166.7 sq mi
ZIP Area
159
Density / Sq Mi
$57,529
Median Household Income
$37,671
Median Earnings
$858
Median Rent
$151,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Auto shop - Existing shop improvements include heavy-duty concrete flooring, select tools, and semi-truck parts.
Where is this auto shop located?
The property is located at 115 Tucker Schoolhouse Rd. Madisonville, KY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6,516‑square‑foot automotive shop on 0.873 acres; Previously operated as a diesel mechanic shop; 8‑inch concrete flooring for heavy‑duty repair work
