Prime Retail Development
2440 Lone Oak Rd Paducah, KY 42003
2440 Lone Oak Rd, Paducah, KY, 42003
Contact for pricing
For Sale
Contact for pricing
100,000 SF building on 8.5 acres near I-24.
Property Size100,000 SF
Lot Size8.50 Acres
Price / SF$215
Days on Market160
Property Features for 2440 Lone Oak Rd
General Information
- Standard status
- Active
- Size
- 100,000 SF
- Lot size
- 8.50 Acres
- Property subtype
- Retail
Listing Agency
PRG Commercial / Purchase Realty Group
Listed by
Donnie McKinney · License #KY
Source
Crexi
Added: Feb 7 Checked: Jul 15 at 7:47 pm
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 PRG Commercial / Purchase Realty Group
Investment Insights
Based on property information with market context.
This property offers a retail development opportunity with a 100,000 square foot building situated on 8.5 acres. The location provides immediate access to I-24 and benefits from high traffic, with 25,741 cars per day. The property features a vast, open floor plan suitable for customization, particularly for a prominent anchor tenant. Smaller, complementary spaces offer synergistic potential, creating a dynamic retail destination. A customer demographic of 300,000 within the surrounding area provides a strong consumer base. The building includes high ceilings and a convenient truck dock.
Key Highlights
- Prime 8.5‑acre development site.
- High‑traffic location with 25,741 CPD.
- Immediate access to I‑24.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.64M | $16.44 |
| − Vacancy | −$82.2k | −$0.82 |
| EGI | $1.56M | $15.62 |
| − OpEx | −$468.5k | −$4.69 |
| NOI | $1.09M | $10.93 |
100,000 SF · lease $16.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$15.62M
$13.67M – $18.22M
NOI $1,093,260 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$20.84M
$18.23M – $24.31M
NOI $1,458,498 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sears Appliance Repair
Home Appliance Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 100,000 SF building on 8.5 acres near I-24.
Where is this retail space located?
The property is located at 2440 Lone Oak Rd Paducah, KY.
What is the asking price?
The asking price for this property is $21,500,000.
What are key features of this property?
This property features: Prime 8.5‑acre development site.; High‑traffic location with 25,741 CPD.; Immediate access to I‑24.
