Building Details

Year Built 2008

Stories 2

Listing Agency: eXp Realty, LLC

Listed By: Nicholas Gillespie Show Phone

Source: Centralkyhomesforsale

Added: Jun 2 Changed: Oct 1 Last Checked: Oct 12 at 8:34PM

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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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

Built in 2008, this 4,706-square-foot mixed-use property combines residential accommodations with a separate office and retail component. The first floor includes a 1-bed/1-bath apartment alongside a distinct office/retail space. Upstairs is a 3-bed/2-bath short-term rental that sleeps 8 guests and includes a gourmet kitchen. The property also features a swimming pool and hot tub installed in 2024.

Positioned on a corner lot in Paducah’s historic Lowertown Arts District, the property provides onsite parking along with additional street parking. The first-floor commercial area is currently owner-occupied and offers a separate commercial component within the overall layout.

Key Highlights

• 4,706‑square‑foot mixed‑use property built in 2008
• First floor includes a 1‑bed/1‑bath apartment plus separate office/retail space
• Second‑floor 3‑bed/2‑bath short‑term rental sleeps 8 guests

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,911

Cap Rate

6.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$998,220 $998.2K

Cap Rate 7%

$713,014 $713.0K

Cap Rate 9%

$554,567 $554.6K

Market Conditions

NOI Build-Up for 4,706 SF

Gross rent

$89.2K $18.96/SF

− Vacancy

−$9.4K −$1.99/SF

EGI

$79.9K $16.97/SF

− OpEx

−$29.9K −$6.36/SF

NOI

$49.9K $10.61/SF

Area

McCracken County, KY

Vacancy

10.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$998,220

Cap Rate 7%

$713,014

Cap Rate 9%

$554,567

Alternative Uses

Best Use

Mixed Use

$713.0K

$623.9K – $831.9K (±1% cap)

NOI $49,911 @ 7.0% cap · market cap 6.25%

Second Best

Multifamily LT 5

$606.7K

$530.9K – $707.9K (±1% cap)

NOI $42,472 @ 7.0% cap · market cap 5.32%

Theoretical Best

Warehouse

$980.5K

$858.0K – $1.14M (±1% cap)

NOI $68,637 @ 7.0% cap · market cap 8.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Carpet & Flooring Store Grocery & Convenience Store Veterinary Clinic Bakery Tanning Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,360

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner property combining residential accommodations with a separate office and retail area.

Where is this mixed-use property located?

The property is located at 333 N 9th St Paducah, KY.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 4,706‑square‑foot mixed‑use property built in 2008; First floor includes a 1‑bed/1‑bath apartment plus separate office/retail space; Second‑floor 3‑bed/2‑bath short‑term rental sleeps 8 guests