Turn-Key Bar and
For Sale
$799,000
3501 Park Plaza Rd, Paducah, KY 42001
Fully operational bar and pub with equipment, inventory, and an established brand included in the sale.
Property Size5,072 SF
Price / SF$157.53
Days on Market13
Property Features for 3501 Park Plaza Rd
General Information
Standard status
Active
Size
5,072 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
Arnold Realty Group
(541) 548-1250
Listed By:
Amanda Johnson · License #241959
Source:
Centralkentuckyhouses
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 5:37AM
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 5,072-square-foot bar and pub occupies approximately 1.23 acres and was built in 1989. The property is conveyed as a fully operational business with equipment, inventory, and the established brand included in the sale.
The site is located along the US-60 and Mall Corridor in Paducah, less than 2 miles from I-24 Exit 4. Paducah Sports Park, identified as a 130-acre tournament complex, is located less than a mile away. The property is also positioned near McCracken County’s reported industrial and economic development activity.
The site is located along the US-60 and Mall Corridor in Paducah, less than 2 miles from I-24 Exit 4. Paducah Sports Park, identified as a 130-acre tournament complex, is located less than a mile away. The property is also positioned near McCracken County’s reported industrial and economic development activity.
Key Highlights
- 5,072‑square‑foot bar and pub on approximately 1.23 acres
- Fully operational business conveyed with equipment and inventory
- Established brand included with the sale
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
$60,349
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
7.55%
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%
$1,206,980
$1.2M
Cap Rate 7%
$862,129
$862.1K
Cap Rate 9%
$670,544
$670.5K
Market Conditions
NOI Build-Up for 5,072 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
$83.4K $16.44/SF
− Vacancy
−$2.9K −$0.58/SF
EGI
$80.5K $15.86/SF
− OpEx
−$20.1K −$3.97/SF
NOI
$60.3K $11.90/SF
Area
McCracken County, KY
Vacancy
3.50%
Lease Rate
$16.44 /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%
$1,206,980
Cap Rate 7%
$862,129
Cap Rate 9%
$670,544
Alternative Uses
Best Use
Specialty Retail
$862.1K
$754.4K – $1.01M
NOI $60,349 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.06M
$924.7K – $1.23M
NOI $73,975 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Beauty & Spa 35%
Paducah Ford, Inc
Shops & Services
2,715 visits/mo
0.2 miles
Cosmoprof
Beauty & Spa
1,448 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- O'Charley’s Restaurant & Bar — 3916 Hinkleville Rd, Paducah, KY 42001
- KC's Bar & Grill — 3501 Park Plaza Rd, Paducah, KY 42001
- KC's Bar and Grill — 3501 Park Plaza Rd, Paducah, KY 42001
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully operational bar and pub with equipment, inventory, and an established brand included in the sale.
Where is this bar & pub located?
The property is located at 3501 Park Plaza Rd 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: 5,072‑square‑foot bar and pub on approximately 1.23 acres; Fully operational business conveyed with equipment and inventory; Established brand included with the sale
