Auto Shop with Overhead
For Sale
$1,200,000
2344 New Holt Rd, Paducah, KY 42001
Two-story steel facility with public utilities, central air, and handicap-accessible features.
Property Size4,000 SF
Price / SF$300
Days on Market102
Property Features for 2344 New Holt Rd
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
50
Property subtype
Commercial
Site & Location
Traffic Count
11,000 vehicles/day
Utilities to Site
Yes
Amenities
central air
gas pack heating
public utilities
high speed internet
handicap accessible
overhead doors
Building Details
Year Built
2004
Stories
2
Construction
steel
Listing Agency:
Housman Partners Real Estate
(270) 210-9040
Listed By:
Austin Mourad · License #279402
Source:
Centralkyhomesforsale
Added: May 23
Changed: Aug 31
Last Checked: Aug 31 at 5:33PM
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 Housman Partners Real Estate
Investment Insights
Based on property information with market context.
Built in 2004, this approximately 4,000-square-foot steel commercial building offers a two-story layout for automotive, service, or other commercial operations. The property includes four or more overhead doors, with oversized openings measuring 12+ feet wide, along with central air, gas pack heating, public utilities, high speed internet availability, and handicap accessible features.
The property is located at 2344 New Holt Rd in Paducah, Kentucky, with visibility from New Holt Road and an estimated daily traffic count of approximately 11,000 vehicles. On-site parking accommodates 21 to 50 vehicles, supporting customer access, staff parking, and vehicle-oriented business activity.
The property is located at 2344 New Holt Rd in Paducah, Kentucky, with visibility from New Holt Road and an estimated daily traffic count of approximately 11,000 vehicles. On-site parking accommodates 21 to 50 vehicles, supporting customer access, staff parking, and vehicle-oriented business activity.
Key Highlights
- Approximately 4,000 square feet on two stories
- Four or more overhead doors, including oversized 12+ foot wide doors
- Steel building constructed in 2004
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
$47,779
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
3.98%
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%
$955,580
$955.6K
Cap Rate 7%
$682,557
$682.6K
Cap Rate 9%
$530,878
$530.9K
Market Conditions
NOI Build-Up for 4,000 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
$75.8K $18.96/SF
− Vacancy
−$7.6K −$1.90/SF
EGI
$68.3K $17.06/SF
− OpEx
−$20.5K −$5.12/SF
NOI
$47.8K $11.94/SF
Area
McCracken County, KY
Vacancy
10.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$955,580
Cap Rate 7%
$682,557
Cap Rate 9%
$530,878
Alternative Uses
Best Use
Industrial
$682.6K
$597.2K – $796.3K
NOI $47,779 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$624.7K
$546.6K – $728.8K
NOI $43,730 @ 7.0% cap · market cap 3.64%
Theoretical Best
Warehouse
$833.4K
$729.3K – $972.3K
NOI $58,340 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11,000 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Chicken Salad Chick
Dining
6,201 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Alvey's Automotive — 2344 New Holt Rd, Paducah, KY 42001
- Valvoline Instant Oil Change — 5470 Old Hwy 60, Paducah, KY 42001
- Walmart Auto Care Centers — 5130 Hinkleville Rd, Paducah, KY 42001
Frequently Asked Questions
What type of property is this?
Auto shop - Two-story steel facility with public utilities, central air, and handicap-accessible features.
Where is this auto shop located?
The property is located at 2344 New Holt Rd Paducah, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 4,000 square feet on two stories; Four or more overhead doors, including oversized 12+ foot wide doors; Steel building constructed in 2004
