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 Market166
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
Listing Agency:
(270) 559-6928
Listed By:
Marianne
(270) 559-6928
Added: Mar 10
Changed: May 22
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
$42,404
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
6.73%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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.
