Office Building on Commercial
For Sale
$350,000
2650 Holt Road, Paducah, KY 42001
The county parcel has commercial zoning and utilities available for development.
Property Size2,023 SF
Lot Size1.19 Acres
Price / SF$173.01
Days on Market104
Property Features for 2650 Holt Road
General Information
Standard status
Active
Size
2,023 SF
Lot size
1.19 Acres
Property subtype
Office
Zoning
commercial
Additional Details
Utilities to Site
Yes
Buildable Units
25
Building Details
Year Built
1967
Listing Agency:
Purchase Realty Group
(270) 444-6008
Listed By:
John Noonan · License #216270
(270) 933-0133
Source:
Mdmitchellrealestate
Added: Jul 21
Changed: Oct 29
Last Checked: Oct 29 at 2:40PM
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 Purchase Realty Group
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Investment Insights
Based on property information with market context.
An office building constructed in 1967 sits on a 1.189-acre parcel in the county. Commercial zoning and available utilities support the site’s stated potential for office use, climate-controlled storage, or development of up to 25 apartment units.
The property is in the mall area of Paducah, Kentucky, at 2650 Holt Road.
The property is in the mall area of Paducah, Kentucky, at 2650 Holt Road.
Key Highlights
- 1.189‑acre parcel with an existing office building
- Commercial zoning; utilities available
- Source identifies potential for up to 25 apartment units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,345
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,900
$386.9K
Cap Rate 7%
$276,357
$276.4K
Cap Rate 9%
$214,944
$214.9K
Market Conditions
NOI Build-Up for 2,023 SF
Gross rent
$30.3K $15.00/SF
− Vacancy
−$4.6K −$2.25/SF
EGI
$25.8K $12.75/SF
− OpEx
−$6.4K −$3.19/SF
NOI
$19.3K $9.56/SF
Area
McCracken County, KY
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,900
Cap Rate 7%
$276,357
Cap Rate 9%
$214,944
Alternative Uses
Best Use
Office B
$276.4K
$241.8K – $322.4K
NOI $19,345 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$421.5K
$368.8K – $491.8K
NOI $29,505 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The county parcel has commercial zoning and utilities available for development.
Where is this office building located?
The property is located at 2650 Holt Road Paducah, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1.189‑acre parcel with an existing office building; Commercial zoning; utilities available; Source identifies potential for up to 25 apartment units
