For Sale
$629,900
2500 Park Ave, Paducah, KY 42001
Seven-bay car wash with redevelopment potential in Paducah, Kentucky.
Property Size3,550 SF
Lot Size1.70 Acres
Price / SF$177.44
Days on Market212
Property Features for 2500 Park Ave
General Information
Standard status
Active
Property type
Self service car washes, Car washes, Automotive properties, Retail properties & Spaces, Commercial real estate
Size
3,550 SF
Lot size
1.70 Acres
Listed By:
Marianne Lynch
(270) 559-6928
Added: Mar 10
Changed: May 22
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,404
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,080
$848.1K
Cap Rate 7%
$605,771
$605.8K
Cap Rate 9%
$471,156
$471.2K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$67.3K $18.96/SF
− Vacancy
−$6.7K −$1.90/SF
EGI
$60.6K $17.06/SF
− OpEx
−$18.2K −$5.12/SF
NOI
$42.4K $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 Rate 5%
$848,080
Cap Rate 7%
$605,771
Cap Rate 9%
$471,156
Alternative Uses
Best Use
Industrial
$605.8K
$530.1K – $706.7K
NOI $42,404 @ 7.0% cap · market cap 6.73%
Second Best
Specialty Retail
$603.4K
$528.0K – $704.0K
NOI $42,239 @ 7.0% cap · market cap 6.71%
Theoretical Best
Warehouse
$739.7K
$647.2K – $863.0K
NOI $51,777 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 46%
Hotels & Casinos 1%
Pizza Inn
Dining
33,253 visits/mo
0.2 miles
Marathon Petroleum
Shops & Services
10,763 visits/mo
0.1 miles
SONIC Drive In
Dining
10,373 visits/mo
0.3 miles
Dollar General
Shops & Services
8,720 visits/mo
0.3 miles
FiveStar Food Mart
Shops & Services
7,292 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Self service car wash - Seven-bay car wash with redevelopment potential in Paducah, Kentucky.
Where is this self service car wash located?
The property is located at 2500 Park Ave Paducah, KY.
What is the asking price?
The asking price for this property is $629,900.
