Paducah Office Building on
For Sale
$2,750,000
1746 Broadway St, Paducah, KY 42001
Office building in downtown Paducah with excellent visibility and accessibility.
Property Size26,300 SF
Price / SF$104.56
Days on Market157
Property Features for 1746 Broadway St
General Information
Standard status
Active
Size
26,300 SF
Property subtype
Office
Amenities
Situated on Broadway, One of Paducah's Busiest Commercial Corridors, Offering High Visibility and Strong Traffic Flow
The Area Attracts Long-Term Tenants, including Medical, Legal, and Professional Service Firms, Providing Opportunities for Steady Rental Income
Paducah has a Growing Economy Supported by Regional Commerce, Logistics, and Tourism, with Downtown Redevelopment Initiatives Contributing to Rising Property Values
Building Details
Building Size
26,300 SF
Year Built
1947
Listing Agency:
Marcus & Millichap - Louisville
Listed By:
David Badgett Jr. · License #License(s): KY: 215224
(502) 329-5999
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Sep 2 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Louisville
Investment Insights
Based on property information with market context.
Located on Broadway in Paducah, Kentucky, this office building offers a prime opportunity in a well-traveled corridor. Situated in the heart of downtown, the property benefits from excellent visibility, steady traffic, and proximity to retail, dining, and professional services. The building features flexible office layouts suitable for a variety of business uses, with ample natural light and modern infrastructure to support day-to-day operations. Its central location makes it easily accessible to local and regional clients, while nearby amenities enhance the convenience for tenants and visitors. Broadway serves as a key commercial thoroughfare, and this office property provides a strong foundation for businesses seeking a professional presence in one of Paducah’s dynamic areas. The property size is 26,300 square feet.
Key Highlights
- Prime location on Broadway in downtown Paducah.
- Excellent visibility and steady traffic flow.
- Flexible office layouts suitable for various business uses.
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
$251,494
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
9.15%
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%
$5,029,880
$5.0M
Cap Rate 7%
$3,592,771
$3.6M
Cap Rate 9%
$2,794,378
$2.8M
Market Conditions
NOI Build-Up for 26,300 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
$394.5K $15.00/SF
− Vacancy
−$59.2K −$2.25/SF
EGI
$335.3K $12.75/SF
− OpEx
−$83.8K −$3.19/SF
NOI
$251.5K $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%
$5,029,880
Cap Rate 7%
$3,592,771
Cap Rate 9%
$2,794,378
Alternative Uses
Best Use
Office B
$3.59M
$3.14M – $4.19M
NOI $251,494 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.48M
$4.79M – $6.39M
NOI $383,585 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 42001, KY
31,579
Population
14,815
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
94%
High-School Grad
74.2 sq mi
ZIP Area
426
Density / Sq Mi
$68,868
Median Household Income
$42,334
Median Earnings
$916
Median Rent
$210,100
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 building - Office building in downtown Paducah with excellent visibility and accessibility.
Where is this office building located?
The property is located at 1746 Broadway St Paducah, KY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Prime location on Broadway in downtown Paducah.; Excellent visibility and steady traffic flow.; Flexible office layouts suitable for various business uses.
