Multi-Building Warehouse
For Sale
$1,900,000
3229 Benton Road, Paducah, KY 42003
Commercial/Industrial, 1 Story, Paducah, KY
Property Size7,381 SF
Lot Size5.67 Acres
Price / SF$257.42
Days on Market81
Property Features for 3229 Benton Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
County
Directions
From I-24, take Exit 11 and go north on John L. Puryear Drive (KY-1954). Just before crossing the John L. Puryear Bridge, turn left onto KY-450, which is the last left before the bridge. Property is on the left.
Subdivision
McCracken
Standard status
Active
Lot size
5.67 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Carpet, Concrete
Building materials
Steel
Roof type
Metal
Architectural style
Other
Listing Agency:
Housman Partners Real Estate
(270) 534-5569
Listed By:
Jessica Housman · License #201474
(270) 534-5569
Added: Jun 10
Changed: Aug 21
Last Checked: Aug 29 at 6:06PM
MLS# 133022
Copyright © 2026 Western Kentucky Regional MLS Inc. 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 industrial property includes five steel buildings totaling over 96,000 SF across 5.67 acres. The improvements provide a varied mix of office and warehouse space, including a 7,381 SF office building, a 10,656 SF office/warehouse, a 27,388 SF warehouse, and a 50,370 SF warehouse. Carpet and concrete flooring, natural gas heating, central air, and metal roofing are present across the property. Three-phase electrical service and sprinkler protection serve the two large warehouses.
Located just off I-24 in Paducah, the site includes eight loading docks, multiple overhead doors, and connections that support movement between the buildings. Public water serves the property, providing a substantial industrial configuration with both administrative and storage components.
Located just off I-24 in Paducah, the site includes eight loading docks, multiple overhead doors, and connections that support movement between the buildings. Public water serves the property, providing a substantial industrial configuration with both administrative and storage components.
Key Highlights
- 5.67‑acre industrial property with 5 buildings totaling over 96,000 SF
- Includes a 7,381 SF office building and a 10,656 SF office/warehouse
- Warehouse buildings measure 27,388 SF and 50,370 SF
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
$107,652
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
5.67%
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%
$2,153,040
$2.2M
Cap Rate 7%
$1,537,886
$1.5M
Cap Rate 9%
$1,196,133
$1.2M
Market Conditions
NOI Build-Up for 7,381 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
$139.9K $18.96/SF
− Vacancy
−$13.3K −$1.80/SF
EGI
$126.6K $17.16/SF
− OpEx
−$19.0K −$2.57/SF
NOI
$107.7K $14.58/SF
Area
McCracken County, KY
Vacancy
9.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$2,153,040
Cap Rate 7%
$1,537,886
Cap Rate 9%
$1,196,133
Alternative Uses
Best Use
Warehouse
$1.54M
$1.35M – $1.79M
NOI $107,652 @ 7.0% cap · market cap 5.67%
Second Best
Industrial
$1.26M
$1.10M – $1.47M
NOI $88,165 @ 7.0% cap · market cap 4.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Dock-high doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stone Creek Storage — 301 Tharp Dr, Paducah, KY 42003
- United Rentals - Storage Containers and Mobile Offices — 4025 Clarks River Rd, Paducah, KY 42003
- Aaa Storage Stow-A-Way — Farley, KY 42003
- AAA Stow-A-Way Storage — 3104 benton rd, paducah, ky 42003
- AAA Storage - Bridge Street Location — 2223 bridge st, paducah, ky 42003
Frequently Asked Questions
What type of property is this?
Warehouse - Steel construction combines substantial warehouse capacity with dedicated office areas and direct internal access between buildings.
Where is this warehouse located?
The property is located at 3229 Benton Road Paducah, KY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5.67‑acre industrial property with 5 buildings totaling over 96,000 SF; Includes a 7,381 SF office building and a 10,656 SF office/warehouse; Warehouse buildings measure 27,388 SF and 50,370 SF
