Dental Investment Opportunity in
For Sale
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1836 Broadway St, Paducah, KY 42001
Net leased dental practice in growing healthcare corridor.
Property Size7,500 SF
Price / SF$244.80
Days on Market138
Property Features for 1836 Broadway St
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Office, Retail
Zoning
B-3 COMMERCIAL
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$146,880
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Jacob Allen · License #FL3558421
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 9 at 11:45AM
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 Matthews
Investment Insights
Based on property information with market context.
This property in Paducah, Kentucky, is tenanted by Marquee Dental Partners, a multi-state dental support organization with a network of over 80 affiliated practices. Operating as Bohle Family Dentistry, this location has served the community for over 20 years, providing general dentistry services. The practice benefits from institutional support, operational scale, and strong recurring revenue. The property is located in a high-growth healthcare corridor, just half a mile from Baptist Health Paducah, a regional medical hub currently undergoing expansion. Paducah has experienced 18.7% population growth since 2020, driven by downtown revitalization, local healthcare investments, and government-backed remote worker incentive programs. The area demonstrates robust tenant demand and long-term leasing strength, with a healthcare real estate vacancy rate of just 1.3% and a 15% rent increase across the sector over the past five years. This is a triple-net (NNN) investment. The tenant handles all maintenance, taxes, insurance, and most capital expenditures. The property size is 7,500 square feet.
Key Highlights
- Net‑Lease Investment with Minimal Landlord Responsibilities (NNN Lease)
- Tenant is Marquee Dental Partners, a private equity‑backed, multi‑state dental support organization
- Located in a high‑growth healthcare corridor, half a mile from Baptist Health Paducah
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
$77,982
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
4.25%
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%
$1,559,640
$1.6M
Cap Rate 7%
$1,114,029
$1.1M
Cap Rate 9%
$866,467
$866.5K
Market Conditions
NOI Build-Up for 7,500 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
$142.2K $18.96/SF
− Vacancy
−$12.2K −$1.63/SF
EGI
$130.0K $17.33/SF
− OpEx
−$52.0K −$6.93/SF
NOI
$78.0K $10.40/SF
Area
McCracken County, KY
Vacancy
8.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
40.00%
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%
$1,559,640
Cap Rate 7%
$1,114,029
Cap Rate 9%
$866,467
Alternative Uses
Best Use
Healthcare Medical
$1.11M
$974.8K – $1.30M
NOI $77,982 @ 7.0% cap · market cap 4.25%
Second Best
Office B
$1.02M
$896.5K – $1.20M
NOI $71,719 @ 7.0% cap · market cap 3.91%
Theoretical Best
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,387 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
923
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Net leased dental practice in growing healthcare corridor.
Where is this medical center located?
The property is located at 1836 Broadway St Paducah, KY.
What is the asking price?
The asking price for this property is $1,836,000.
What are key features of this property?
This property features: Net‑Lease Investment with Minimal Landlord Responsibilities (NNN Lease); Tenant is Marquee Dental Partners, a private equity‑backed, multi‑state dental support organization; Located in a high‑growth healthcare corridor, half a mile from Baptist Health Paducah
