Office
For Sale
$225,000
224 Berger Rd, Paducah, KY 42003
The property is identified as an office unit with R-4 zoning.
Property Size2,035 SF
Price / SF$110.57
Days on Market106
Property Features for 224 Berger Rd
General Information
Standard status
Active
Size
2,035 SF
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
HRE Advisors
Listed By:
Dustin Hawkins · License #215644
(270) 705-5355
Source:
Centralkyhomefinder
Added: Jun 22
Changed: Oct 1
Last Checked: Oct 5 at 7:19PM
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 HRE Advisors
Investment Insights
Based on property information with market context.
This office unit has a listed property size of 2035 and R-4 zoning. The property is located at 224 Berger Rd in Paducah, Kentucky.
Key Highlights
- Office unit classification
- R‑4 zoning
- Property size listed as 2035
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,460
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,200
$389.2K
Cap Rate 7%
$278,000
$278.0K
Cap Rate 9%
$216,222
$216.2K
Market Conditions
NOI Build-Up for 2,035 SF
Gross rent
$30.5K $15.00/SF
− Vacancy
−$4.6K −$2.25/SF
EGI
$25.9K $12.75/SF
− OpEx
−$6.5K −$3.19/SF
NOI
$19.5K $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 Rate 5%
$389,200
Cap Rate 7%
$278,000
Cap Rate 9%
$216,222
Alternative Uses
Best Use
Office B
$278.0K
$243.3K – $324.3K
NOI $19,460 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$424.0K
$371.0K – $494.7K
NOI $29,680 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
621
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The property is identified as an office unit with R-4 zoning.
Where is this office units located?
The property is located at 224 Berger Rd Paducah, KY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Office unit classification; R‑4 zoning; Property size listed as 2035
