Standalone Office
New
For Sale
Contact for pricing
3140 PARISA DR, Paducah, KY 42003
Private offices, meeting areas, restrooms, and surface parking support a professional-services layout.
Property Size2,536 SF
Lot Size0.73 Acres
Price / SF$117.90
Days on Market6
Property Features for 3140 PARISA DR
General Information
Standard status
Active
Size
2,536 SF
Lot size
0.73 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
private offices
meeting areas
restrooms
Building Details
Year Built
1994
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Arnold Realty Group
(541) 548-1250
Listed By:
Amanda Johnson · License #KY 241959
Source:
Crexi
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 8:55AM
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 Arnold Realty Group
Investment Insights
Based on property information with market context.
This standalone office property offers 2536+/- sqft of building area on 0.73 acres. The interior includes private offices, meeting areas, and restrooms, with a layout currently configured for professional financial services. An on-site surface parking lot serves the building.
The property is located at 3140 PARISA DR in Paducah, KY, less than 2 miles from I24. Constructed in 1994, the building provides a dedicated office setting with its own site and parking.
The property is located at 3140 PARISA DR in Paducah, KY, less than 2 miles from I24. Constructed in 1994, the building provides a dedicated office setting with its own site and parking.
Key Highlights
- 2536+/- sqft office building on 0.73 acres
- Standalone building with private offices and meeting areas
- On‑site surface parking lot
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
$24,251
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
8.11%
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%
$485,020
$485.0K
Cap Rate 7%
$346,443
$346.4K
Cap Rate 9%
$269,456
$269.5K
Market Conditions
NOI Build-Up for 2,536 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
$38.0K $15.00/SF
− Vacancy
−$5.7K −$2.25/SF
EGI
$32.3K $12.75/SF
− OpEx
−$8.1K −$3.19/SF
NOI
$24.3K $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 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%
$485,020
Cap Rate 7%
$346,443
Cap Rate 9%
$269,456
Alternative Uses
Best Use
Office B
$346.4K
$303.1K – $404.2K
NOI $24,251 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$528.4K
$462.4K – $616.5K
NOI $36,988 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 42003, KY
28,592
Population
14,132
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
414
Density / Sq Mi
$54,052
Median Household Income
$33,566
Median Earnings
$696
Median Rent
$160,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Private offices, meeting areas, restrooms, and surface parking support a professional-services layout.
Where is this office building located?
The property is located at 3140 PARISA DR Paducah, KY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2536+/- sqft office building on 0.73 acres; Standalone building with private offices and meeting areas; On‑site surface parking lot
