Mixed-Use Property with
For Sale
$799,000
333 N 9th St, Paducah, KY 42001
Corner property combining residential accommodations with a separate office and retail area.
Property Size4,706 SF
Price / SF$169.78
Days on Market57
Property Features for 333 N 9th St
General Information
Standard status
Active
Size
4,706 SF
Property subtype
Multi-Family
Additional Details
Corner Location
Yes
Amenities
swimming pool
hot tub
Building Details
Year Built
2008
Stories
2
Listing Agency:
eXp Realty, LLC
(270) 559-7000
Listed By:
Nicholas Gillespie
Source:
Centralkyhomesforsale
Added: Jul 4
Changed: Aug 28
Last Checked: Aug 28 at 7:15AM
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.
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 = 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
$49,911
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
6.25%
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%
$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
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
$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 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%
$998,220
Cap Rate 7%
$713,014
Cap Rate 9%
$554,567
Alternative Uses
Best Use
Mixed Use
$713.0K
$623.9K – $831.9K
NOI $49,911 @ 7.0% cap · market cap 6.25%
Second Best
Multifamily LT 5
$606.7K
$530.9K – $707.9K
NOI $42,472 @ 7.0% cap · market cap 5.32%
Theoretical Best
Warehouse
$980.5K
$858.0K – $1.14M
NOI $68,637 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
