Office Building with Private
For Sale
$245,000
258 S Main St, Madisonville, KY 42431
Commercial Sale, Madisonville, KY
Property Size2,382 SF
Lot Size0.23 Acres
Price / SF$102.85
Days on Market9
Property Features for 258 S Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
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Subdivision
1 - Madisonville
Standard status
Active
Size
2,382 SF
Lot size
0.23 Acres
Listing Agency:
BHG Realty
(270) 240-1501
Listed By:
Melissa Hayden
(270) 244-6161
Added: Sep 29
Last Checked: Oct 7 at 3:06PM
MLS# 122341
Copyright © 2026 Madisonville-Hopkins County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property contains 2,382 square feet on a 0.225-acre site. Its layout includes six private offices, three bathrooms, a kitchen and break area, plus additional room for reception, meetings, or workstations. A newer roof is among the building’s improvements.
The property is located at 258 S Main St in Madisonville, Kentucky. On-site private parking provides off-street spaces for visitors and staff.
The property is located at 258 S Main St in Madisonville, Kentucky. On-site private parking provides off-street spaces for visitors and staff.
Key Highlights
- 2,382‑square‑foot office building on a 0.225‑acre lot
- Six private offices and three bathrooms
- Kitchen and break area, with additional reception, meeting, or work space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,066
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,320
$401.3K
Cap Rate 7%
$286,657
$286.7K
Cap Rate 9%
$222,956
$223.0K
Market Conditions
NOI Build-Up for 2,382 SF
Gross rent
$34.3K $14.40/SF
− Vacancy
−$7.5K −$3.17/SF
EGI
$26.8K $11.23/SF
− OpEx
−$6.7K −$2.81/SF
NOI
$20.1K $8.42/SF
Area
Hopkins County, KY
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,320
Cap Rate 7%
$286,657
Cap Rate 9%
$222,956
Alternative Uses
Best Use
Office B
$286.7K
$250.8K – $334.4K
NOI $20,066 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.8K
$351.6K – $468.8K
NOI $28,127 @ 7.0% cap · market cap 11.48%
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
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 42431, KY
26,566
Population
12,569
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
166.7 sq mi
ZIP Area
159
Density / Sq Mi
$57,529
Median Household Income
$37,671
Median Earnings
$858
Median Rent
$151,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - The interior combines enclosed workrooms with shared areas, a kitchen, and a private parking lot.
Where is this office building located?
The property is located at 258 S Main St Madisonville, KY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,382‑square‑foot office building on a 0.225‑acre lot; Six private offices and three bathrooms; Kitchen and break area, with additional reception, meeting, or work space
